EU exports were weak in September, declining by -2.80% or -73 million kilograms Liquid Milk Equivalent (LME).Strong results were observed in products like MPC, FFMP, and some liquids. However, cheese exports disappointed, dropping by -1.82%. This marks the second consecutive month of declining cheese exports. Negative results were recorded across all powders, except for MPC, FFMP, and I/F. EU Exports September 2024 Sept '23 Sept '24 ∆ ∆% SMP 62.600 51.731 -10.869 -17,36% WMP 18.063 13.836 -4.227 -23,40% Whey 55.454 55.053 -401 -0,72% Products of Natural milk constituents n.e.s. 9.022 7.436 -1.586 -17,58% WPC80/WPI's 4.733 4.602 -131 -2,77% Casein 5.564 4.735 -829 -14,90% Caseinates 2.529 2.050 -479 -18,94% MPC 1.641 2.616 975 59,41% Lactose 19.301 19.243 -58 -0,30% FFMP 29.584 36.203 6.619 22,37% I/F 37.951 39.798 1.847 4,87% Cheese 117.846 115.701 -2.145 -1,82% Butter 21.090 21.653 563 2,67% AMF 2.754 1.994 -760 -27,60% Cream 19.155 20.725 1.570 8,20% Yoghurt 18.599 30.087 11.488 61,77% Fermented milk 22.042 16.262 -5.780 -26,22% Condensed 24.160 30.023 5.863 24,27% Milk 74.913 78.142 3.229 4,31% EU Exports YTD September Ytd Sept '23 YTD Sept '24 ∆ ∆% SMP 623.266 568.028 -55.238 -8,86% WMP 208.153 165.951 -42.202 -20,27% Whey 516.890 553.099 36.209 7,01% Products of Natural milk constituents n.e.s. 73.086 77.102 4.016 5,49% WPC80/WPI's 37.411 41.025 3.614 9,66% Casein 37.026 42.969 5.943 16,05% Caseinates 18.064 19.125 1.061 5,87% MPC 17.767 19.515 1.748 9,84% Lactose 182.743 201.708 18.965 10,38% FFMP 294.921 313.243 18.322 6,21% I/F 376.820 359.734 -17.086 -4,53% Cheese 1.027.662 1.037.666 10.004 0,97% Butter 186.816 184.825 -1.991 -1,07% AMF 25.111 19.879 -5.232 -20,84% Cream 192.829 205.107 12.278 6,37% Yoghurt 175.958 248.657 72.699 41,32% Fermented milk 201.461 157.986 -43.475 -21,58% Condensed 234.632 238.403 3.771 1,61% Milk 755.049 673.657 -81.392 -10,78% Overall, the year-to-date (YTD) export performance deteriorated from +0.39% in August to -0.75% in September, or +184 million kilograms LME.EU imports also decreased significantly in August compared to 2023, declining by -14.40% or -45 million kilograms LME. Positive results were only noted for Whey, Casein, I/F, AMF, and Liquid Milk. EU Imports September '24 Sept '23 Sept '24 ∆ ∆% SMP 3.157 1.864 -1.293 -40,96% WMP 2.779 534 -2.245 -80,78% Whey 3.366 4.850 1.484 44,09% WPC80/WPI's 2.288 946 -1.342 -58,65% Casein 778 1.128 350 44,99% Caseinates 28 25 -3 -10,71% MPC 1.371 1.244 -127 -9,26% Lactose 3.420 3.305 -115 -3,36% I/F 312 421 109 34,94% Cheese 15.378 13.687 -1.691 -11,00% Butter 1.233 1.127 -106 -8,60% AMF 1.824 2.347 523 28,67% Cream 2.787 1.610 -1.177 -42,23% Conc. Liq whey 1.714 1.613 -101 -5,89% Yoghurt 11.132 895 -10.237 -91,96% Fermented 2.512 1.837 -675 -26,87% Condensed 2.931 2.400 -531 -18,12% Milk 51.100 51.716 616 1,21% EU Imports YTD September '24 YTD Sept '23 YTD Sept '24 ∆ ∆% SMP 28.218 31.800 3.582 12,69% WMP 14.376 12.749 -1.627 -11,32% Whey 31.322 35.332 4.010 12,80% WPC80/WPI's 25.121 25.712 591 2,35% Casein 8.724 9.352 628 7,20% Caseinates 267 461 194 72,66% MPC 11.416 12.281 865 7,58% Lactose 36.811 36.022 -789 -2,14% I/F 4.216 2.829 -1.387 -32,90% Cheese 126.845 135.316 8.471 6,68% Butter 26.286 8.655 -17.631 -67,07% AMF 18.041 16.868 -1.173 -6,50% Cream 20.218 18.098 -2.120 -10,49% Conc. Liq whey 21.961 21.795 -166 -0,76% Yoghurt 8.825 9.404 579 6,56% Fermented 31.322 25.631 -5.691 -18,17% Condensed 29.096 28.548 -548 -1,88% Milk 557.389 585.738 28.349 5,09% As of YTD September, imports stood at -0.76% or -21.9 million kilograms LME, a decline compared to August, when YTD imports were at -0.55% or -14.3 million kilograms LME.EU milk production for YTD September increased by +0.30%, or +391 million kilograms LME. Overall, since the beginning of the year, EU stocks have grown by 3.65%, or 90 million kilograms LME. The theoretical stocks in the EU are equivalent to 2.31% of YTD September milk production, totaling 2.6 billion kilograms LME.