Milk Market Observatory PRI.WO.Dair Last update : 26.01.2015 Latest World Quotations of Dairy Products Latest Quotations Week - 2 25/01/2015 In US$/t EU Oceania 11/01/2015 USA EU Oceania Year - 1 January 2014 % change (previous quotation) USA EU Oceania USA EU Oceania % change (1 year) USA EU Oceania USA Butter 3 389 3 475 3 417 3 384 3 500 3 406 + 0.1% - 0.7% + 0.3% 5 470 4 400 4 189 - 38% - 21% - 18% SMP 2 171 2 413 2 119 2 199 2 400 2 120 - 1.3% + 0.5% - 0.0% 4 440 4 900 4 608 - 51% - 51% - 54% WMP 2 724 2 500 3 164 2 768 2 450 3 164 - 1.6% + 2.0% - 5 120 5 138 4 679 - 47% - 51% - 32% Cheddar 3 612 3 700 3 252 3 651 3 700 3 347 - 1.1% - - 2.8% 5 500 4 900 5 025 - 34% - 24% - 35% Source : Member States Notifications, USDA Latest Dairy Quotations 4 000 3 500 3 389 3 475 3 612 3 700 3 417 3 252 3 164 3 000 2 724 2 500 2 413 2 500 2 171 EU 2 119 Oceania 2 000 USA 1 500 1 000 500 0 Butter SMP WMP Page - 1 - Cheddar EU/US/Oceania Quotations of SMP 6 000 Avg Oceania SMP quotation 5 500 Avg EU SMP internal Price 5 000 Avg US SMP quotation 4 000 3 500 3 000 2 500 2 413 2 171 2 119 2 000 1 500 Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news - Page 2 - Jan 15 Oct 14 Jul 14 Apr 14 Jan 14 Oct 13 Jul 13 Apr 13 Jan 13 Oct 12 Jul 12 Apr 12 Jan 12 Oct 11 Jul 11 Apr 11 Jan 11 Oct 10 Jul 10 Apr 10 Jan 10 Oct 09 Jul 09 Apr 09 Jan 09 Oct 08 Jul 08 Apr 08 Jan 08 1 000 Oct 07 Prices in USD/tonne 4 500 EU/US/Oceania Quotations of WMP 6 000 5 500 5 000 4 000 3 500 3 164 3 000 2 724 2 500 2 500 Avg Oceania WMP quotation Avg EU WMP internal Price 2 000 Avg US WMP quotation 1 500 Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news - Page 3 - Jan 15 Oct 14 Jul 14 Apr 14 Jan 14 Oct 13 Jul 13 Apr 13 Jan 13 Oct 12 Jul 12 Apr 12 Jan 12 Oct 11 Jul 11 Apr 11 Jan 11 Oct 10 Jul 10 Apr 10 Jan 10 Oct 09 Jul 09 Apr 09 Jan 09 Oct 08 Jul 08 Apr 08 Jan 08 1 000 Oct 07 Prices in USD/tonne 4 500 EU/US/Oceania Quotations of Butter 7 000 6 500 6 000 5 500 4 500 4 000 3 475 3 417 3 389 3 500 3 000 2 500 Avg Oceania Butter quotation Avg EU Butter internal Price 2 000 Avg US Butter quotation 1 500 Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news - Page 4 - Jan 15 Oct 14 Jul 14 Apr 14 Jan 14 Oct 13 Jul 13 Apr 13 Jan 13 Oct 12 Jul 12 Apr 12 Jan 12 Oct 11 Jul 11 Apr 11 Jan 11 Oct 10 Jul 10 Apr 10 Jan 10 Oct 09 Jul 09 Apr 09 Jan 09 Oct 08 Jul 08 Apr 08 Jan 08 1 000 Oct 07 Prices in USD/tonne 5 000 EU/US/Oceania Quotations of Cheddar 6 000 5 500 5 000 4 000 3 700 3 612 3 500 3 252 3 000 Avg OceaniaCheddar quotation Avg EU Cheddar internal Price 2 500 Avg US Cheddar quotation 2 000 1 500 Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news - Page 5 - Jan 15 Oct 14 Jul 14 Apr 14 Jan 14 Oct 13 Jul 13 Apr 13 Jan 13 Oct 12 Jul 12 Apr 12 Jan 12 Oct 11 Jul 11 Apr 11 Jan 11 Oct 10 Jul 10 Apr 10 Jan 10 Oct 09 Jul 09 Apr 09 Jan 09 Oct 08 Jul 08 Apr 08 Jan 08 1 000 Oct 07 Prices in USD/tonne 4 500
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