export,
price,
SMP
SMP competitive prices push EU and US exports higher
The European Union dairy export, in September 2018, showed a decrease both in quantity (-0.4%) and in value (-2.6%) compared to September 2017. Considering the export of dairy products, the average milk value is 39.25 €/100 kg.
Cheese export is steady: +0.7% in quantity and +1% in value. In the Fresh Cheese sector, a decrease of 4% was recorded with lower exports to Switzerland and South korea. Fresh Cheese exports to Japan remained positive (+1%), as was the export of European Cheese in general (+24%).
The EU-28, in September 2018, exported significant quantities of SMP, recording an increase of 37.7%.
China, Algeria and Indonesia were the main destinations, with increases of over 75%.
SMP export was supported by a significantly reduced price (the average price for September was 1.65 €/kg*, -20.5%) and lower than the competitor New Zealand (1.86 €/kg*).
Also the United States, in September 2018, exported larger volumes of SMP (+30.4%) applying lower prices (1.66 €/kg*).
EU WMP exports are decreasing, and prices remain stable, but higher when compared to New Zealand and the United States.
Cumulative data for the first 9 months of 2018 show an export of 3.87 million tons of dairy products and 11.42 billion €, decreasing both in quantity and in value (respectively -1.7% y-o-y and -4.6%). The most profitable product is Infant Milk Formula, for which the EU is the main Player with an export that from January to September is worth 3.38 billion €.