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Price development EU July

www.nukamel.com. Price development environmental factors July/Sept 2010. FactsButter has always been the problem for the milk prices however today due to good demand from India, Russia etc

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Price development EU July

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    1. www.nukamel.com Price development EU July/Sept 2010 Facts (mentioned prices are ex factory in bulk) EU dairy market for wheypowder fluctuating but tendency is downwards because of good cheese prices and milk production. Actually prices around 700€/MT. Skimmed milk powder decreased and around 2100 for feed and 2300€/MT for food. Some pressure in the market since the EU tries to sell SMP via a tender system. The EU is competitive due a weaker Euro (currently 1.23$/€) and lack of offers from New Zealand. Agricultural sector is enjoying somewhat better prices for meat, however many farmers still have serious cash flow problems. Farm gate milk prices have increased but did stablelise around 28-33cts!

    2. www.nukamel.com Price development environmental factors July/Sept 2010 Facts Butter has always been the problem for the milk prices however today due to good demand from India, Russia etc… prices are extremely good and high. The southern hemisphere production will only restart later this year, south America will according to the FAO export 8% less, fulfilling internal demand. New Zealand will remain in the first place oriented to Asia. This offers good possibilities for the EU, although we will face competition from the US. All depends from de demand site and the economical crisis hits the world still badly especially in the developed countries.

    3. www.nukamel.com Price development US July/Sept 2009 Facts (mentioned prices are ex factory) US milk production increased 1.5% compared with last year, The Milk/feed ratio is improving since especially feed prices are low. This is the main stimulator on milk production. Skimmed milk powder prices in the US up and around 2775-2910 $/MT FOB. Butter prices stable and around 3472 $/MT FOB. WPC-34 prices also higher around 2000-2125 $/MT FOB. Lactose prices between 650-800 $/MT FOB production is an all time record, mainly because of good demand from China. Whey powder at 882 $/MT FOB. US cheese market is weaker, price 3081 $/MT FOB.

    4. www.nukamel.com Expectations for the coming month’s? Both butter and cheese prices are good meaning the production balance between them will remain. China has been a big buyer in 2009/2010,(Chinese milk production was down with more then 20%) also due to the lack of confidence in local product (melamine). Importations have increased mainly from New Zealand, meaning that Asia takes it all. As a result Europe had to supply the rest of the world. We expect an increased production worldwide since milk prices are relatively good around the globe. All depends on the demand worldwide. The EU is competitive certainly if the Euro keeps having problems with the situation in the Mediterranean member states!

    5. www.nukamel.com Sweet wheypowder, one year prices 2009-2010

    6. www.nukamel.com Skimmed milkpowder one year prices 2009-2010

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