eu m arket s ituation for e ggs management committee 18 july 2013

EU Market Situation for Eggs

Management Committee

18 July 2013

2013

EU market situation for Eggs Man Com 18 July 2013

85

105

125

145

165

185

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

€u

ro

/ 1

00

kg

Evolution of the weekly EU average price for Eggs for Consumption

Moy.08-12 2010 2011 2012 2013


-50,0%

-40,0%

-30,0%

-20,0%

-10,0%

0,0%

10,0%

20,0%

30,0%

BE BG CZ DK DE EE EL ES FR IE IT CY LV LT HU MT NL ÖS PL PT RO SI SK SF SV UK EU

Percentual change of Egg prices June 2013

- 1 year- 1 month


1.100

1.200

1.300

1.400

1.500

1.600

1.700

| July | Aug. | Sept. | Oct. | Nov. | Dec. |Jan 2013| Feb | Mch | Apr | May | Jun | July | Aug. | Sept. | Oct. | Nov. | Dec. |

Futures for Soybeans in US$ct/ Bushel (nearby = 2012 & 2013)

01 Nearby

2013 Jul

2013 Nov

2014 Jan

Delivery:


160

180

200

220

240

260

| July | Aug | Sep | Oct | Nov | Dec |Jan 2013| Feb | Mrt | Apr | May | Jun | July | Aug | Sep | Oct | Nov | Dec |

€/T

on

n

Futures for Maize EU (Euronext) (Nearby = 2012 - 2013)

Nearby

2013 Nov

2014 Mar

2014 Jan

Delivery:


120

150

180

210

| July | Aug | Sep | Oct | Nov | Dec |Jan 2013| Feb | Mrch | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec |

€uro

/ To

nn

Futures for Feed wheat EU (Euronext) (Nearby = 2012 & 2013)

01 Nearby

2013 Ju l

2013 Nov

2014 Jan

Delivery:


1,0

1,5

2,0

2,5

3,0

3,5

I 2005 I 2006 I 2007 I 2008 I 2009 I 2010 I 2011 I 2012 I 2013 I

source:http://europa.eu.int/comm/budget/inforeuro/fr/index.htm

€uro Exchange rate 1 Euro = .....…US$ / BRZ Real/

BRZ Real

USA $


50

150

250

350

450

Jan April Juil Oct Jan April Juil Oct Jan Apr Jul Oct Jan

Euro

/ to

nne

Price of Basic Ingredients 2011 - 2013

Soft wheat (EU)

Barley (EU)

Maïs (EU)

Soja (CAF)

Hulls (EU)

Manioc (CAF)

C.G.F. (CAF)


0.00

40.00

80.00

120.00

160.00

200.00

| 2011 | 2012 | 2013 |

€uro

/ 100kg

Prices for Eggs for consumption and Eggs for breaking 2011 - 2013

Eggs for Consumption US High breaking EU High breaking


0.0

20.0

40.0

60.0

80.0

100.0

1|

4 7 10 13 16 19 22 25 282012

31 34 37 40 43 46 49 52 3 6 9 12 15 18 21 24 272013

30 33 36 39 42 45 48 51

Maximum weekly prices for individual egg products

in the EU and the USA in €/10kg

whole plain EU whole plain US Yolk EU Yolk US Albumen Spray EU Albumen Spray US


0

30

60

90

120

150

180

04 05 06 07 08 09 10 11 12 ja fe mr ap ma jn jl au se oc no de

Euro

/ 10

0kg

Margin between Feed cost and Egg price in Egg production

marge

Marge 2007 - 2011

feed

egg


0.00

20.00

40.00

60.00

80.00

100.00

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53

Re

ma

ind

er€

uro

/ 100k

g

100KG Egg minus feedcost for Laying Hensfeedconversionrate = 2.7

marge08 - 12

marge Egg 2011 marge Egg 2012 marge Egg 2013


0

7 500

15 000

22 500

30 000

37 500

| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |

Placings of Laying chicks (1 000 pieces)compared to the baseline trend

(baseline= monthly avg 2006 - 2009)

Jan. Febr. March April May2012 27 236 27 439 31 358 30 1532013 28 861 24 910 31 356 30 422

% +6.0% -9.2% +0.6% +0.9%


0

40

80

120

160

4 000

5 500

7 000

8 500

| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |

Pric

e

€u

ro

/10

0k

g

Production forecast ofeggs in shell (Mio p).

compared to the price development

Jan. Fav. Mar. April May June July August S ept Oct2012 7 793 7 752 7 743 7 696 7 666 7 687 7 730 7 849 7 939 7 9912013 8 055 8 123 8 126 8 084 8 074 8 145 8 158 8 154 8 230 8 306

% +3.4% +4.8% +4.9% +5.1% +5.3% +6.0% +5.5% +3.9% +3.7% +3.9%


Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-May 12

Argentina 7 899 26.0% 7 889 24.0% 8 088 40.0% 9 963 28.1% 3 623 36.8% - 41%

USA 11 165 36.7% 14 009 42.6% 5 956 29.5% 14 246 40.2% 2 931 29.8% - 61%

India 5 776 19.0% 3 211 9.8% 1 554 7.7% 3 657 10.3% 1 587 16.1% + 166%

Albania 1 659 5.5% 3 208 9.7% 1 303 6.4% 2 118 6.0% 253 2.6% - 66%

Israel 711 2.3% 941 2.9% 547 2.7% 1 393 3.9% 115 1.2% - 77%

Mexico 1 893 6.2% 1 263 3.8% 556 2.7% 1 018 2.9% 1 0.0% - 100%

Canada 33 0.1% 2 0.0% 0 0.0% 67 0.2% 0 0.0% - 100%

Brazil 67 0.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0%

EXTRA EU 25/27 30 409 32 909 20 219 35 395 9 849

% change + 8% - 39% + 75% - 45.0%

2009 2010 2011 Jan-May 132012

EU Imports of Eggs:Trade Figures (Comext – tonnes egg equiv.) not incl. Hatching eggs


EU Egg Imports

2 784

7 435

2 931

2 902

6 103

3 623

1 322

2 535

1 3408 181

17 906

9 849

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Jan-May 11 Jan-May 12 Jan-May 13

Total EU Import of Eggs -not incl. Hatching eggs

(Tonnes eggs equiv)

USA ArgentinaIndia IsraelAlbania Other destinations

5 512

11 337

6 482

2 349

4 723

3 7711 569

1 45410 342

20 239

14 001

0

5 000

10 000

15 000

20 000

25 000


Total EU Import of Eggs -not incl. Hatching eggs

(1000 EUR)

USA ArgentinaIndia IsraelAlbania Other destinations


Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-May 12

Japan 47 238 31% 52 923 29% 66 357 31% 66 424 36% 23 834 29% - 7%

Switzerland 43 499 29% 45 072 25% 42 168 19% 41 881 23% 18 386 22% + 1%

Angola 4 019 3% 10 414 6% 17 524 8% 17 176 9% 7 061 8% + 11%

Russia 4 360 3% 5 293 3% 4 947 2% 5 982 3% 4 902 6% + 132%

Thailand 4 068 3% 6 180 3% 7 254 3% 6 409 3% 2 318 3% - 3%

Ukraine 4 304 3% 5 621 3% 4 422 2% 4 298 2% 1 501 2% - 2%

South Korea 1 948 1% 2 495 1% 4 379 2% 3 386 2% 1 433 2% + 24%

U.A.Emirates 2 664 2% 5 888 3% 8 262 4% 1 674 1% 3 544 4% + 448%

Taiwan 2 868 2% 7 145 4% 7 941 4% 4 626 2% 1 087 1% - 41%

Israel 3 398 2% 1 308 1% 2 654 1% 1 060 1% 415 0% + 31%

Norway 963 1% 570 0% 1 300 1% 923 0% 192 0% - 57%

Libya 40 0% 201 0% 226 0% 363 0% 218 0% + 51%

EXTRA EU 25/27 150 173 181 933 217 397 185 050 83 459

% change + 21% + 19% - 15% + 12.6%

2009 2010 2011 Jan-May 132012

EU Exports of Eggs:Trade Figures (Comext – tonnes egg equiv.) not incl. Hatching eggs


27 093 25 620 23 834

18 773 18 122 18 386

31 876

19 46326 959

88 756

74 089

83 459

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

90 000

100 000


Total EU Export of Eggs not incl. hatching eggs (T. eggs equiv.)

Japan Switzerland Russia

Angola Thailand Other destinations

18 048 19 704 25 377

25 049 25 769

31 777

5 395

30 781 23 981

35 21883 474 81 624

108 889

0

20 000

40 000

60 000

80 000

100 000

120 000


Total EU Export of Eggs not incl. hatching eggs (1000 EUR)

Japan Switzerland Russia

Angola Thailand Other destinations

EU Egg Exports


1018 23 18 17

2716

30

69

25 3039

45

2330 33

20

35

10

144

164

186

209

231

201 205

191

142

198 198 202

167

187

150

182

217

185

83

0

25

50

75

100

125

150

175

200

225

250

275

199519961997199819992000200120022003200420052006200720082009201020112012Jan-May13

in 1000 TonnesIMPORTS EXPORTS

EU Egg Trade Balance (not including Hatching eggs)


50.00

75.00

100.00

125.00

150.00

175.00

200.00

09 | 10 | 11 | 12 | 13 |

Egg prices the EU, USA and Brazilin €uro/ 100kg

EU egg US egg €uro BR Egg €uro (Ave World)

eu m arket s ituation for e ggs management committee 18 july 2013

Documents

eggs man com

eu imports of eggs

eu exports of eggs

eu egg trade balance

eggsmanagement committee