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EU Market Situation for Eggs and Poultry Management Committee 21 June 2012 Evolution of the weekly EU average price for Broiler €uro/ 100kg 190 180 170 160 150 1 4 Avg 07 - 11 7 10 13 16 19 22 25 28 31 34 37 4 43 46 49 52 2009 EU market situation for Eggs and Poultry 2010 Man Com 2011 16 May 2012 2012 2 Percentual change of Broiler prices May 2012 20.0% - 1 year - 1 month 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% BE BG CZ DK DE EE EL ES FR IE IT CY LV LT EU market situation for Eggs and Poultry HU MT NL ÖS PL Man Com PT RO SI SK SF SV UK 16 May 2012 EU 3 Price of Basic Ingredients 2009 - 2012 400 350 Euro / tonne 300 Soft wheat (EU) Barley (EU) Maïs (EU) 250 Soja (CAF) Hulls (EU) 200 Manioc (CAF) C.G.F. (CAF) 150 100 50 Jan 09 April Juil Oct Jan 10 April Juil Oct EU market situation for Eggs and Poultry janv-11 April Man Com Juil Oct janv-12 16 May 2012 April Juil 4 Price development of Compound feed for Broilers, a Broiler Cereal-Feedmix and Broiler price margin broiler/ comp feed (2.7) Cereal-mix Compound feed Broiler Avg. Margin 2007 - 2011 350 Euro/ 100kg (Broiler) Euro/ T (feed) 300 250 200 150 100 50 0 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | NB. Comp. Feed 2012 =Forecast as from March Cereal mix and Poultry 2012 = Forecast as from May EU market situation for Eggs and Poultry Man Com 16 May 2012 8 Placings of Broiler chicks (1 000 pieces) compared to the baseline trend (baseline = monthly avg 2006 - 2009) 500 000 400 000 300 000 200 000 100 000 0 | 2006 | 2007 | 2008 | 2009 EU market situation for Eggs and Poultry | 2010 Man Com | 2011 | 2012 16 May 2012 | 9 Forecast and Production of Broilers. In Tonn 750 600 000 600 450 000 450 300 000 300 150 000 150 0 Realised slaughter in 1000 T 750 000 0 | 2006 | 2007 | 2008 | 2009 Forecast EU market situation for Eggs and Poultry | 2010 | 2011 | 2012 | Realised Man Com 16 May 2012 10 Import of Poultry meat from selected origins IMPORT tonnes % tonnes % tonnes Jan-Apr 12 2011 2010 2009 2008 % tonnes % tonnes Compared % to Jan-Apr 11 Brazil 679 469 76.3% 659 368 75.3% 581 391 72.4% 587 404 71.0% 177 504 69.2% - 3% Thailand 146 882 16.5% 141 524 16.2% 149 682 18.6% 154 229 18.6% 52 623 20.5% - 6% Chile 34 718 3.9% 39 022 4.5% 34 276 4.3% 44 306 5.4% 14 035 5.5% + 4% China 15 0.0% 5 690 0.6% 9 997 1.2% 13 735 1.7% 4 255 1.7% - 8% 20 416 2.3% 20 576 2.3% 15 760 2.0% 15 630 1.9% 4 195 1.6% + 14% Israel 6 252 0.7% 5 470 0.6% 7 249 0.9% 7 084 0.9% 1 666 0.6% + 10% Croatia 1 884 0.2% 2 295 0.3% 2 650 0.3% 2 714 0.3% 879 0.3% + 9% USA 393 0.0% 386 0.0% 439 0.1% 99 0.0% 82 0.0% +++ Uruguay 109 0.0% 98 0.0% 2 0.0% 7 0.0% 1 0.0% #DIV/0! Argentina EXTRA EU 25/27891 087 % change 875 886 803 120 827 420 256 664 - 2% - 8% + 3% - 2.5% EU market situation for Eggs and Poultry Man Com 16 May 2012 11 Imports of selected Poultry products 100 000 90 000 80 000 60 000 50 000 40 000 in Tonnes cwe 70 000 30 000 20 000 10 000 0 | Jan 06 2006 | Jan 07 2007 | Jan 08 FROZEN 2008 | Jan 09 2009 PREPARED | Jan 10 2010 SALTED EU market situation for Eggs and Poultry | Jan 11 2011 | Jan 12 OTHERS Man Com 16 May 2012 12 EU Poultry meat Import IMPORTS of Poultry Meat into EU (1000 EUR) IMPORTS of Poultry Meat into EU (Tonnes cwe) 300 000 251 447 263 231 687 837 256 664 591 807 1 557 600 000 52 623 200 000 235 338 cw 55 809 182 593 177 504 100 000 235 047 500 000 180 448 400 000 Tonnes 150 000 180 145 800 000 700 000 250 000 48 689 701 794 354 961 50 000 381 470 386 405 300 000 1000 EUR 200 000 100 000 0 Jan-Apr 10 Brazil Thailand Jan-Apr 11 Israel Chile 0 Jan-Apr 12 China Other destinations Jan-Apr 10 Brazil EU market situation for Eggs and Poultry Thailand Jan-Apr 11 Israel Man Com Chile Jan-Apr 12 China Other destinations 16 May 2012 13 Export of Poultry Meat to Selected Destinations 2008 tonnes 2009 % tonnes 2010 % tonnes 2011 % tonnes Jan-Apr 12 % tonnes Compared % to Jan-Apr 11 Hong Kong 58 669 6.0% 88 357 8.7% 151 529 12.0% 188 366 13.4% 57 891 12.2% Saudi Arabia 95 132 9.7% 97 485 9.6% 118 010 9.3% 151 247 10.7% 46 258 9.8% - 5% Benin 83 405 8.5% 84 885 8.4% 115 022 9.1% 126 006 8.9% 38 260 8.1% + 8% 245 429 19.4% 115 025 8.2% 34 702 7.3% + 6% Russia 230 113 23.4% Ukraine 112 443 11.4% 227 555 22.4% - 14% 89 314 8.8% 86 028 6.8% 81 735 5.8% 28 860 6.1% + 29% Ghana 31 530 3.2% 28 689 2.8% 41 094 3.3% 68 953 4.9% 22 866 4.8% + 20% Yemen 26 673 2.7% 36 331 3.6% 39 628 3.1% 37 970 2.7% 14 899 3.2% + 15% Vietnam 39 488 4.0% 39 971 3.9% 31 661 2.5% 29 086 2.1% 10 483 2.2% - 4% Congo (Dem. Rep.) 21 386 2.2% 20 893 2.1% 27 748 2.2% 29 960 2.1% 9 799 2.1% - 0% Switzerland 28 201 2.9% 28 111 2.8% 29 804 2.4% 29 270 2.1% 9 380 2.0% - 3% Malaysia 17 888 1.8% 22 676 2.2% 25 895 2.0% 20 965 1.5% 9 162 1.9% + 39% U.A.Emirates 25 858 2.6% 24 429 2.4% 20 231 1.6% 21 122 1.5% 7 943 1.7% - 29% EXTRA EU 25/27 % change 982 285 1 015 639 1 264 120 1 410 658 472 703 + 3% + 24% + 12% + 8.2% EU market situation for Eggs and Poultry Man Com 16 May 2012 14 Exports of selected Poultry products 140 000 120 000 100 000 80 000 in Tonnes cwe 60 000 40 000 20 000 0 | Jan 06 2006 | Jan 07 2007 | Jan 08 FROZEN 2008 | Jan 09 2009 PREPARED | Jan 10 2010 | Jan 11 FRESH EU market situation for Eggs and Poultry 2011 | Jan 12 OTHERS Man Com 16 May 2012 15 EU Poultry meat Export EU EXPORTS of Poultry Meat (1000 EUR) EU EXPORTS of Poultry Meat (Tonnes cwe) 472 703 436 816 500 000 637 284 450 000 559 896 700 000 600 000 400 000 32 631 35 286 46 163 31 230 48 578 34 702 38 260 46 258 46 424 67 075 39 214 Jan-Apr 10 Jan-Apr 11 57 891 250 000 150 000 357 309 400 000 333 807 300 000 257 819 53 177 39 308 41 393 100 000 52 548 200 000 61 380 50 000 34 013 74 799 0 37 676 54 544 61 398 Jan-Apr 10 Jan-Apr 11 Jan-Apr 12 Jan-Apr 12 EUR 300 000 200 000 500 000 421 015 1000 181 065 350 000 cw 249 168 235 726 Tonnes 335 472 51 472 100 000 0 Hong Kong South Africa Saudi Arabia Hong Kong South Africa Saudi Arabia Benin Russia Other destinations Benin Russia Other destinations EU market situation for Eggs and Poultry Man Com 16 May 2012 16 EU Poultry meat Trade Balance 1 600 IMPORTS EXPORTS1 411 1 400 1 275 1 116 1 153 1 200 1 114 1 063 1 017 1 046 997 997 982 858867 891 1 016 1 000 876 803 794 827 800 676 614 616 600 480 473 371 302 277 292 400 310 257 200 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 EU market situation for Eggs and Poultry 2006 2007 2008 Man Com 2009 2010 2011 JanApr 12 16 May 2012 17 in 1000 Tonnes cwe 1 101 1 264 €uro Exchange rate 1 E uro = . . . . . …US $ / B RZ Real/ 10 Rupee 7 5 India R BRZ Real USA $ 3 1 I 2004 I 2005 I 2006 I 2007 I 2008 I 2009 I 2010 I 2011 I 2012 source:http://europa.eu.int/comm/budget/inforeuro/fr/index.htm EU market situation for Eggs and Poultry Man Com 16 May 2012 19 I Broiler prices The EU, USA and Brazil in €uro/ 100kg 175,00 150,00 125,00 100,00 75,00 50,00 08 | EU broiler 09 | 10 US broiler €uro EU market situation for Eggs and Poultry | 11 | 12 | BR Broil €uro/ (Ave w orld) Man Com 16 May 2012 20 2001 2002 2003 2004 EU Market Situation for Eggs 2005 2006 Management Committee 2009 2010 2007 2008 21 June 2012 2011 2012 Evolution of the w e e kly EU ave rage price for Eggs for Consumption Price Packers station €uro/ 100kg 185 165 145 125 105 85 1 4 Avg 07 - 11 7 10 13 16 19 22 2009 EU market situation for Eggs and Poultry 25 28 31 2010 Man Com 34 37 40 43 46 2011 16 May 2012 49 52 2012 22 Percentual change of Egg prices May 2012 90.0% 80.0% 70.0% - 1 year - 1 month 60.0% 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 EU market situation for Eggs and Poultry Man Com SK SF SV UK 16 May 2012 EU 23 Prices for Eggs for consumption and Eggs for breaking 2011 - 2012 200 €uro/ 100kg 160 120 80 40 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 83% increase for Eggs for Breaking from week 1 2011 to week 23 2012 40,6% increase for Eggs for Consumption from week 1 2011 to week 23 2012 EU Low difference Eggs for Consumption EU market situation for Eggs and Poultry Man Com US High breaking 16 May 2012 24 Margin betw een Feed cost and Egg price in Egg production marge feed 180 egg Avg Margin Euro/ 100kg 150 120 90 60 30 0 0 01 02 03 04 05 06 07 08 09 10 11 EU market situation for Eggs and Poultry ja fe mr ap m jn Man Com jl au se oc no de 16 May 2012 25 Placings of Laying chicks (1 000 pieces) compared to the baseline trend (baseline= monthly avg 2006 - 2009) 37 500 30 000 22 500 15 000 7 500 0 | 2006 | 2007 | 2008 | 2009 EU market situation for Eggs and Poultry | 2010 | Man Com 2011 | 2012 16 May 2012 | 26 Production forecast of eggs in shell (Mio p). compared to the price development 8 500 160 Price €uro/100kg 120 7 000 80 5 500 40 4 000 0 | 2006 | 2007 | 2008 | 2009 EU market situation for Eggs and Poultry | 2010 | Man Com 2011 | 2012 16 May 2012 | 27 EU Imports of Eggs: Trade Figures (Comext – tonnes egg equiv.) 2008 tonnes 2009 % tonnes 2010 % tonnes 2011 % tonnes Jan-Apr 12 % tonnes % Compared to Jan-Apr 11 Argentina 6 164 27.0% 7 899 26.0% 7 888 25.2% 7 898 41.5% 4 964 39.1% + 165% USA 4 245 18.6% 11 165 36.7% 13 439 42.9% 5 417 28.4% 4 212 33.2% + 71% Mexico 2 002 8.8% 1 893 6.2% 1 425 4.5% 556 2.9% 1 016 8.0% +++ Albania 2 209 9.7% 1 659 5.5% 3 208 10.2% 1 303 6.8% 524 4.1% + 149% India 6 593 28.9% 5 776 19.0% 3 211 10.2% 1 505 7.9% 463 3.6% + 28% + 63% Israel 646 2.8% 711 2.3% 941 3.0% 547 2.9% 422 3.3% Canada 1 0.0% 33 0.1% 2 0.0% 0 0.0% 277 2.2% Brazil 64 0.3% 67 0.2% 0 0.0% 0 0.0% 0 0.0% EXTRA EU 25/27 % change 22 850 30 409 31 356 19 045 12 692 + 33% + 3% - 39% + 117.3% EU market situation for Eggs and Poultry Man Com 16 May 2012 28 EU Egg Imports Total EU Import of Eggs (Tonnes eggs equiv) incl. Hatch. Eggs. 18 000 Total EU Import of Eggs (1000 EUR) incl. Hatch. Eggs. 30 000 15 665 2 079 12 692 2 253 24 812 14 000 2 398 12 000 10 000 3 428 8 000 5 842 4 964 939 8 204 16 000 20 000 13 271 3 817 6 000 10 000 7 471 13 827 4 000 1 513 4 212 2 458 2 000 5 000 7 365 4 404 0 Jan-Apr 10 USA India Albania Jan-Apr 11 Jan-Apr 12 Argentina Canada Other destinations EU market situation for Eggs and Poultry 15 000 1 403 2 687 1 872 25 000 0 Jan-Apr 10 Jan-Apr 11 USA India Albania Man Com Jan-Apr 12 Argentina Canada Other destinations 16 May 2012 29 EU-27 Imports of selected EGGS products 8 000 in Tonnes egg equiv. 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 | Jan 06 2006 | Jan 07 FRESH 2007 | Jan 08 2008 Albumin | Jan 09 2009 | Jan 10 2010 Not In Shell EU market situation for Eggs and Poultry | Jan 11 2011 Yolk Man Com | Jan 12 Haching 16 May 2012 30 EU Exports of Eggs: Trade Figures (Comext – tonnes egg equiv.) 2008 tonnes 2009 % tonnes 2010 % tonnes 2011 % tonnes Compared Jan-Apr 12 % tonnes % to Jan-Apr 11 Japan 62 254 33% 47 238 31% 52 923 29% 65 982 30% 20 023 26% - 2% Sw itzerland 44 229 24% 43 499 29% 45 107 25% 42 152 19% 15 296 20% + 2% Russia 7 113 4% 4 360 3% 5 293 3% 4 947 2% 9 616 13% +++ Angola 4 049 2% 4 019 3% 10 227 6% 17 498 8% 4 515 6% - 0% Libya 0 0% 40 0% 201 0% 226 0% 3 069 4% #DIV/0! Thailand 6 190 3% 4 068 3% 6 180 3% 7 254 3% 1 967 3% + 7% Ukraine 7 250 4% 4 304 3% 5 693 3% 4 422 2% 1 709 2% + 38% Taiw an 4 624 2% 2 868 2% 7 145 4% 7 941 4% 1 215 2% - 36% South Korea 1 859 1% 1 948 1% 2 495 1% 4 379 2% 1 156 2% + 8% U.A.Emirates 9 436 5% 2 664 2% 5 864 3% 8 262 4% 814 1% - 74% Norw ay 1 805 1% 963 1% 570 0% 1 300 1% 745 1% +++ Israel 6 002 3% 3 398 2% 1 308 1% 2 729 1% 317 0% - 75% EXTRA EU 25/27 % change 187 209 150 173 181 682 216 447 76 150 - 20% + 21% + 19% + 13.3% EU market situation for Eggs and Poultry Man Com 16 May 2012 31 EU Egg Exports Total EU Export of Eggs (1000 EUR) incl. Hatch. Eggs Total EU Export of Eggs (T. eggs equiv.) Incl. Hatch. Eggs 76 150 160 000 80 000 67 238 135 663 70 000 140 000 60 000 120 000 23 717 52 393 26 021 46 571 50 000 12 345 9 616 15 296 15 024 16 425 20 409 15 299 Sw itzerland Russia 40 000 Angola Iraq 80 000 63 886 50 555 30 000 30 860 24 960 20 000 13 570 10 000 23 854 19 888 23 523 0 10 943 13 607 15 124 Jan-Apr 10 Jan-Apr 11 Jan-Apr 12 Jan-Apr 12 Jan-Apr 11 Jan-Apr 10 Japan 20 023 100 000 Other destinations EU market situation for Eggs and Poultry Japan Sw itzerland Man Com 60 000 40 000 Russia 20 000 0 Angola Iraq 16 May 2012 Other destinations 32 EU-27 Exports of selected EGGS products (including Hatching eggs) 30 000 in Tonnes egg equiv. 25 000 20 000 15 000 10 000 5 000 0 | Jan 06 2006 | Jan 07 2007 FRESH | Jan 08 2008 Albumin | Jan 09 2009 | Jan 10 2010 Not In Shell EU market situation for Eggs and Poultry | Jan 11 2011 Yolk Man Com | Jan 12 Haching 16 May 2012 33 EU Egg Trade Balance 275 in 1000 Tonnes IMPORTS EXPORTS 250 231 216 209 201 205 198 191 186 198 225 202 200 187 182 167 164 175 150 144 142 150 125 100 76 69 75 39 18 23 30 27 18 17 1998 1999 10 25 45 50 31 30 30 23 19 16 13 25 0 1995 1996 1997 2000 2001 2002 2003 2004 EU market situation for Eggs and Poultry 2005 2006 2007 Man Com 2008 2009 2010 2011 16 May 2012 JanApr 12 34 Egg prices The EU, USAand Brazil in €uro/ 100kg 175.00 150.00 125.00 100.00 75.00 50.00 08 | 09 | EU egg 10 | 11 US egg €uro EU market situation for Eggs and Poultry Man Com | 12 | BR Egg €uro (Ave World) 16 May 2012 36