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Price development EU Q1 2012

www.nukamel.com?. Price development environmental factors Q1, 2012. FactsA strong and good consumption especially in the developing countries, strong imports from Asia ,Worldwide milk production is increasing but also consumption. US , EU and NZ are increasing production although US lower then e

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Price development EU Q1 2012

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    1. www.nukamel.com˛ Price development EU Q1 2012 Facts (mentioned prices are ex factory in bulk) Whey market is strong and stable 950€/MT levels, Lactose demand is very high for SMP standaardisation and as well for use in babyfood, Skimmed milk powder is slightly decreasing to levels around 2100€/MT but still on a protein base, skimmed milk is cheaper then whey protein, this is a change! The Euro currently around 1,3 Milk prices are good and over 35 Euro cents, a strong incentive for farmers increasing production. Pig prices improved and some profits are made.

    2. www.nukamel.com˛ Price development environmental factors Q1, 2012 Facts A strong and good consumption especially in the developing countries, strong imports from Asia , Worldwide milk production is increasing but also consumption. US , EU and NZ are increasing production although US lower then expected, Dairy prices are good, however feeding costs have also increased. Production increase and consumption increase are going up, more or less at the same pace.

    3. www.nukamel.com˛ Price development US Q1, 2012 Facts (mentioned prices are ex factory) US milk production increased but less then before, around 2%. Some clear pressure on consumers in the US has been seen in Q3…. In general commodity prices higher in the US then Europe, certainly with this weaker Euro, Lower feed prices expected, increasing profitability,

    4. www.nukamel.com˛ Expectations for the coming month’s? Butter prices are decreasing, especially outside the EU, Market very tide…..product availability is low High production peak is over in the southern hemisphere and in the EU we are running at the end of the quotum year…. In the EU SMP prices are moderate since the EU brought product out of intervention, The combination whey and cheese might become again more attractive as it usually is, The US market became more and more dependant on export.(10% of the production) No real decrease in the market is expected in the short term, on the contrary….since consumption remains good and production will not pick up so much to counter this! Remains to be seem how hard the crisis will hit the consumers?

    5. www.nukamel.com˛ Butter price one year prices 2011, €/100kg

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