For any comments and questions please contact us at the e-mail address [email protected]COMMODITY PRICE DASHBOARD No 28 – SEPTEMBER 2014 edition This price dashboard provides a monthly summary of commodity price data for the most representative agricultural inputs, agricultural products and consumer food prices, at EU and world level. Although not all the products are comparable at both EU and world level, this document is intended to give an indication on the most recent price developments. Information on fruit and vegetable prices at producer level in the European Union is available at: http://ec.europa.eu/agriculture/russian-import-ban/pdf/fv-production_en.pdf Date of publication: 20.10.2014 AGRICULTURAL COMMODITY PRICES – SEPTEMBER 2014 EUROPEAN UNION 28 WORLD Agricultural Commodity Monthly average Annual change Monthly change Monthly average Annual change Monthly change CEREALS (1) EUR/T % % USD/T EUR/T % % Soft wheat 164.1 -12.2% -5.5% 278.5 (2) 215.9 -10.6% -1.9% 205.1 (3) 159.0 -19.4% -5.5% Durum wheat 334.3 31.4% 5.2% Maize 159.8 -1.8% 0.2% 164.9 127.8 -21.0% -6.3% Barley 148.2 -16.4% -1.7% 210.7 163.3 -12.6% -1.0% MEAT Beef 3 624.3 -3.2% 0.6% 5 999.3 4 650.3 54.7% 5.0% Pork 1 614.8 -15.5% -2.0% 2 163.3 1 676.9 7.9% -11.1% Poultry 1 873.0 -5.1% -2.9% 2 502.7 1 939.9 6.9% 0.6% DAIRY Butter 3 094.0 -26.3% -7.6% 2 994.0 2 320.8 -24.7% -8.2% Cheese 3 568.0 -8.4% -6.2% 3 975.0 3 081.2 -10.7% -3.0% SMP 2 197.7 -31.8% -13.1% 2 831.0 2 194.4 -38.7% -13.6% WMP 2 525.3 -32.6% -11.3% 2 863.0 2 219.2 -43.0% -5.0% OILSEEDS Soybean 432.0 334.9 -22.3% -5.5% Rapeseed 318.6 -14.3% -0.7% SUGAR White sugar 532 (4) -25.0% -0.7% 416.0 322.5 -14.8% -3.5% RICE (milled) Japonica 542.0 -1.8% 0.0% 1 110.0 860.4 53.1% -1.8% Indica 480.0 -22.6% 3.2% 447.0 346.5 2.8% 0.9% Notes: 1) EU cereal quotations: soft wheat and barley (delivered Rouen), durum wheat (Port-La-Nouvelle) and maize (Bordeaux) 2-3) US Hard Red Winter Wheat and US Soft Red Winter Wheat 4) Latest EU sugar price available is for August 2014
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COMMODITY PRICE DASHBOARD · Table 3 Monthly changes in EU consumer prices for food (%, September 2014 compared to August 2014) All-items HICP Food Bread and cereals Meat Fish and
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For any comments and questions please contact us at the e-mail address [email protected]
COMMODITY PRICE DASHBOARD
No 28 – SEPTEMBER 2014 edition
This price dashboard provides a monthly summary of commodity price data for the most representative
agricultural inputs, agricultural products and consumer food prices, at EU and world level. Although not all the products are comparable at both EU and world level, this document is intended to give an indication on the most recent price developments. Information on fruit and vegetable prices at producer level in the European Union is available at: http://ec.europa.eu/agriculture/russian-import-ban/pdf/fv-production_en.pdf
Please refer to Annex 1 and 2 for detailed data and graphs on EU price developments (for agricultural commodities and food) and commodity world quotations, as well as a description of the data used and their sources.
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Annex 1
Agricultural commodity prices
Chart 1 Monthly and annual changes in agricultural commodity prices in EU-28 (%, September 2014 compared to August 2014 and to September 2013)
-40
-30
-20
-10
0
10
20
Soft
wheat
Durum
wheat
Maize Barley SMP WMP Butter Cheese
(Cheddar)
Beef Pork Poultry
Monthly rate of change Annual rate of change
Table 1 Monthly changes in EU agricultural commodity prices (%, September 2014 compared to August 2014)
Soft
wheat Durum wheat
Maize Barley SMP WMP Butter Cheese
(Cheddar) Beef Pork Poultry
European Union 28 -0.5 1.8 -6.8 -0.1 -13.1 -11.3 -7.6 -6.2 0.6 -2.0 -2.9
Chart 3 Cereals/bread and cereals based products: EU agricultural market and
consumer price developments (January 2000 until September 2014, Jan2000=100)
40
60
80
100
120
140
160
180
200
220
240
260
280
300
Durum wheat
Consumer price "bread/cereals based products"
Soft wheat MaizeBarley
Chart 4 Cereals: international price developments (January 2000 until September 2014, Jan2000=100)
50
100
150
200
250
300
350
400
450
Wheat, US SRW
Wheat, US HRW
Maize
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Chart 5 Meat: EU agricultural market and consumer price developments
(January 2000 until September 2014, Jan2000=100)
60
80
100
120
140
160
180
Consumer price "meat"
Pork
Beef
Poultry
Chart 6 Meat: international price developments (January 2000 until September 2014, Jan2000=100)
60
80
100
120
140
160
180
200
220
240
260
280
300
320
Beef
Poultry
Pork
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Chart 7 Dairy: EU agricultural market and consumer price developments
(January 2000 until September 2014, Jan2000=100)
50
60
70
80
90
100
110
120
130
140
150
160
170
180
SMP
Cheese (Cheddar)
Butter
Raw milk
Consumer price "milk, cheese, eggs"
WMP
Chart 8 Dairy: international price developments (January 2000 until September
2014, Jan2000=100)
50
100
150
200
250
300
350
400
450
SMP
Butter
Cheddar
WMP
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Annex 2
Description of the price series used
PRICES IN ABSOLUTE TERMS
European Union
A monthly average of absolute prices for cereals, meat and dairy products (including their description) is published and available on the
internet at: http://ec.europa.eu/agriculture/markets/prices/monthly_en.pdf
As regards the cereal sector, representative market prices were used: Rouen (soft wheat and barley), Port-La-Nouvelle (durum wheat)
and Bordeaux (maize).
EU pig meat prices class E - change in definition following the implementation of the new single CMO regulation (as of 01.01.2014,
more than 55% but less than 60% lean meat compared to 55% or more lean meat, until the before mentioned date) and a new class,
S, became compulsory to cover pig carcasses with more than 60% lean meat.
Rice – Japonica Spain and Indica Italy (DG Agriculture and Rural Development data based on EU Member States communications) Sugar – white sugar (DG Agriculture and Rural Development based on EU sugar producers and refiners communications)
Rapeseed – CIF Hamburg, Europe "00" (USDA, OilWorld)
Sources: DG Agriculture and Rural Development (data communicated by EU Member States) and USDA Report on Oilseeds: World,
markets and trade available at http://www.fas.usda.gov/oilseeds_arc.asp
World
Wheat - US No.2, Hard Red Winter ord. Prot, US Fob Gulf (International Grain Council) and US No.2, Soft Red Winter Wheat , US Gulf
(USDA)
Barley - Black Sea Feed fob (International Grain Council) Maize - US no 2 Yellow Corn, export price fob Gulf (USDA)
Soybeans (US), c.i.f. Rotterdam (USDA, OilWorld and World Bank)
Beef meat – Meat, beef (Australia/New Zealand), chucks and cow forequarters, frozen boneless, 85% chemical lean, c.i.f. U.S. port