Civil Dialog Group. Market Situation for Sheep & Goats. 30 June 2015

Civil Dialog Group Market Situation for Sheep & Goats 3 June 215

Development of the EU average market price for Heavy and Light Lamb carcass 75 65 uro / 1kg 55 45 35 Light L 28 Average EU Heavy Lamb Average 25 29 21 211 212 213 214 215

Heavy Lamb prices in the EU 212-215 55 212 213 uro/1kg 5 45 214 215 4 35 1 4 7 1 13 16 19 22 25 28 31 34 37 4 43 46 49 52

Light Lamb prices in the EU 212-215 7 uro/1kg 65 6 212 55 213 214 215 5 1 4 7 1 13 16 19 22 25 28 31 34 37 4 43 46 49 52

Sheep slaughter in the EU monthly and quarterly (215 Forecast) 8 6. 75 7 5. 65 number in 1 heads 4. 6 55 5 Price in / 1kg 3. 45 4 2. 11 12 13 14 15 35 EU monthly slaughter Quarterly slaughter: 1st Q: green, 2nd Q: yellow, 3rd Q: blue, 4th Q: red HL price LL price

5 Lamb production in the UK and Spain compaired to "Other" in 1 Tonns (incl. (incl. Slaughter other than in slaughterhouses) 4 3 2 1 27 28 29 21 211 212 213 214 215 Other UK ES DG AGRI C3 Civil Dialog Group 215 3 June

25,% Repartition of estimated slaughter, other than in slaughterhouses as a % of the total slaughter 212 & 213 2,% 15,% 1,% 5,%,% T Head T Head T Head T Head T Head T Head T Head T Head T Head Adult Cattle Cows Bullocks & Bulls Heifers Calves Young Cattle Pigs Sheep Goat 212 1,3% 2,%,8% 1,1% 3,5% 4,6% 2,3% 14,5% 27,3% 213 1,1% 1,9%,8%,8% 3,8% 4,6% 1,9% 13,2% 25,% 212 2,6% 4,1% 1,5% 2,% 5,7% 9,1% 2,2% 18,8% 27,6% 213 2,5% 4,% 1,5% 1,7% 6,% 9,% 1,8% 17,7% 26,3%

Sheep and Goat meat supply in the EU 24 = EU 25 27 = EU 27 214 = EU 28 in 1 Tonnes 1.25 1. 75 5 278 256 263 75 73 68 985 985 971 226 72 1.21 226 78 949 222 6 167 59 123 59 127 54 47 46 44 12 18 18 18 748 717 73 76 713 74 711 175 13 83 69 58 59 35, 3, 25, 2, 15, Sheep Carcase weight in KG 25 1, 24 25 26 27 28 29 21 211 212 213 214 215 5, Sheep Non official Goat Imp - Exp (Pw) Heavy light

Monthly sheep slaughter in the EU 28 Slaughter in Ton 75, 5, 25,, Jan Feb Mch Apr May Jun Jul Aug Sep Oct Nov Dec 213 214 214

Sheep and Goat meat production 214-2,6% cmpaired to 213 14. In 1 heads (official slaughter only) 12. 1. 8. 6. 4. 2. goat 214 sheep 214 uk es gr fr ie it de pt nl other

Exchange rate UK - NZ$ & AUS$ - Euro quotation: 1 st day of the month 2,5 2,25 2 1,75 1,5 1,25 1,75,5 I 27 I 28 I 29 I 21 I 211 I 212 I 213 I 214 I 215 I http://ec.europa.eu/budget/inf oreuro/index.cfm NZ$ AUS$ UK

Community average and international market prices for Heavy Lamb carcases 55 45 uro / 1kg 35 25 15 29 21 211 212 213 214 215 EU Heavy Lamb Average Uruguay AUS

WORLD MARKET PRICES of Lamb in week 25 215 6 5 4 /1 kg 3 567,89 68,92 63,9 2 39,67 468,54 1 26,2 Heavy Lamb Y-Lamb Trade lamb Carcasa Cordero 55-65lb 65-75lb EU New Zealand Australia Uruguay USA USA Price in /1 kg 567,89 26,2 39,67 468,54 68,92 63,9 Compared to EU - 54% - 31% - 17% + 2% + 11%

9. SHEEP & GOAT PRODUCTS IMPORTED FROM NEW ZEALAND Fresh or chilled sheep legs, Frozen sheep legs & Frozen lamb carcasses and half-carcasses (EU28 - Total Trade) 6. 8. 7. 5.8 6. 5.6 5. Ton 4. 5.4 / tonne 3. 5.2 2. 5. 1. Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 4.8 24225 - Fresh or chilled sheep legs 24425 - Frozen sheep legs 243-Frozen lamb carcasses and half-carcasses 24225 - Fresh or chilled sheep legs 243-Frozen lamb carcasses and half-carcasses 24425 - Frozen sheep legs

Import price of certain New Zealand Lamb products into the EU compared to the NZ and EU heavy carcase price the graph concerns 84% of the total fresh and frozen lamb imports from NZ (by weight) and 78% of the total Sheep & Goat imports from NZ 1.4 2423 Boneless (Fresh) Unit value in / 1kg 1.2 1. 8 6 4 Max import Price of main NZ lamb products (fresh & frozen) Min import Price of main NZ lamb products (fresh & frozen) AVG EU Heavy lamb carcase price 2 AVG NZ carcase price 21 211 212 213 214 215

EU import of sheep & goat meat and live animals Trade figures (Comext) 211 212 213 214 Jan-Apr 15 Compared tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Apr 14 New Zealand 192.987 82,2% 17.112 84,7% 178.732 84,4% 165.175 82,5% 73.61 87,2% + 5,6% Australia 21.97 9,% 17.631 8,8% 19.645 9,3% 21.355 1,7% 7.318 8,7% - 14,7% For.JRep.Mac 3.54 1,3% 2.527 1,3% 2.666 1,3% 2.484 1,2% 1.349 1,6% - 27,6% Uruguay 4.974 2,1% 3.54 1,7% 3.264 1,5% 3.339 1,7% 936 1,1% - 32,5% Chile 5.317 2,3% 3.226 1,6% 3.983 1,9% 3.618 1,8% 486,6% - 41,% Falkland Is. 68,3% 616,3% 74,3% 766,4% 273,3% - 26,9% Argentina 268,3% - 58,% Iceland 2.73,9% 1.12,5% 1.441,7% 1.798,9% 191,2% - 28,1% Other Origins 6.657 2,8% 3.324 1,7% 2.719 1,3% 3.493 1,7% 215,3% - 41,6% EXTRA EU 234.695 2.94 211.75 2.231 84.446 % change - 14% + 5% - 5% + 1,%

EU imports of sheep & goatmeat and live animals Trade figures (COMEXT) EU IMPORTS of Sheet & Goat (Tonnes cwe %) EU IMPORTS of Sheet & Goat (1 EUR %) 85.621 83.615 84.446 6.624 8.576 7.318 74.263 69.672 73.61 9. 8. 7. 6. 5. 4. 3. 2. 1. In Tonnes cw e 47.45 374.337 38.572 25.287 33.889 347.131 448.881 39.583 392.241 5. 45. 4. 35. 3. 25. 2. 15. 1. 5. in 1 EUR Jan-Apr 13 Jan-Apr 14 Jan-Apr 15 Jan-Apr 13 Jan-Apr 14 Jan-Apr 15 New Zealand Australia For.JRep.Mac Uruguay Chile Other origins New Zealand Australia For.JRep.Mac Uruguay Chile Other origins

EU-28 Imports of Sheep and Goat products 5. 45. 4. 35. 3. 25. 2. in Tonnes cwe 15. 1. 5. Jan 6 26 Jan 7 27 Jan 8 28 Jan 9 29 Jan1 21 Jan1 1 211 Jan1 2 212 Jan1 3 213 Jan1 4 214 Jan1 5 FRESH FROZEN OTHERS

EU exports of sheep & goat meat and live animals: Trade figures (COMEXT tonnes cwe) 211 212 213 214 Jan-Apr 15 Compared tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Apr 14 Libya 3.469 5,5% 28.694 35,% 49.631 46,3% 52.798 47,7% 6.718 41,8% - 25,6% Hong Kong 3.94 6,2% 12.452 15,2% 2.46 19,1% 17.332 15,7% 2.783 17,3% - 64,2% Lebanon 5.711 9,% 4.99 6,% 5.67 4,7% 6.373 5,8% 1.65 1,% + 139,% Sw itzerland 1.977 3,1% 2.47 2,5% 2.255 2,1% 1.996 1,8% 1. 6,2% - 7,8% Ghana 1.811 2,9% 2.256 2,8% 2.981 2,8% 1.669 1,5% 612 3,8% + 1,1% Algeria,% 275,3% 1.337 1,2% 1.946 1,8% 488 3,% -,8% Jordan 9.938 15,7% 12.365 15,1% 14.42 13,4% 16.142 14,6% 396 2,5% - 75,% Norw ay 652 1,% 1.884 2,3% 2.43 2,2% 1.642 1,5% 386 2,4% - 13,2% Guinea 15,% 12,% 371,3% 773,7% 332 2,1% + 82,6% Ivory Coast 357,6% 549,7% 1.96 1,% 1.345 1,2% 224 1,4% - 35,2% U.A.Emirates 14,% 334,4% 284,3% 1.292 1,2% 162 1,% - 18,7% China 63,1% 96,1% 479,4% 378,3% 148,9% + 114,8% Centr.Africa,%,%,% 125,1% 119,7% +++ Russia 43,1% 153,2% 12,% 1,% 2,% - 45,6% Other Destinations 35.141 55,7% 15.93 19,4% 6.475 6,% 6.897 6,2% 1.99 6,8% - 36,8% EXTRA EU 63.128 81.953 17.27 11.717 16.76 % change + 3% + 31% + 3% - 35,3%

EU exports of sheep & goatmeat and live animals Trade figures (COMEXT ) EU EXPORTS of Sheep & Goat (Tonnes cwe) 3. EU EXPORTS of Sheep & Goat (1 EUR) 12. 24.836 25. 97.511 1. 19.763 4.55 6.28 6.42 6.23 7.764 9.33 16.76 3.938 2.783 2. 15. 1. 5. Tonnes cw 73.847 13.563 33.919 22.545 49.666 78.963 15.446 4.95 8. 6. 4. 2. 1, EUR Jan-Apr 13 Jan-Apr 14 Jan-Apr 15 Jan-Apr 13 Jan-Apr 14 Jan-Apr 15 Libya Hong Kong Lebanon Switzerland Turkey Other destinations Libya Hong Kong Lebanon Switzerland Turkey Other destinations

EU-28 Exports of Sheep and Goat products 12. 1. 8. 6. in Tonnes cwe 4. 2. Jan6 26 Jan7 27 Jan8 28 Jan9 29 Jan1 21 Jan11 211 Jan12 212 Jan13 213 Jan14 214 Jan15 LA FRESH FROZEN OTHERS

Export of live sheep, in heads excluding pure-bred breeding 32. 28. 24. 2. 16. 21 = 652 933 heads 211 = 1 467 49heads 212 = 1 625 62heads 213 = 1 856.382heads 214 = 1 98.265heads A = LIVE LAMBS "SHEEP UP TO A YEAR OLD" B = LIVE SHEEP excl. A 12. 8. 4. 29 21 211 212 213 214 215

Live export by destination in percent and Head Repartition of Live lamb and sheep export by destination in nr of heads Repartition of Live lamb and sheep export by destination in nr of heads 214 = 1.98.293 live animals 1% 9% Other 1.8. 8% 7% 6% 5% 4% 3% Croatia Bosnia and Herz. Turkey Lebanon 1.6. 1.4. 1.2. 1.. 8. 6. Other Croatia Bosnia and Herz. Turkey Lebanon Jordan 2% Jordan 4. Libya 1% % 29 21 211 212 213 214 Libya 2. 29 21 211 212 213 214

EU Sheep and Goat Meat Trade Balance, tonnes cwe 35. IMPORTS EXPORTS 6.983 7.993 4.198 4.232 4.794 5.61 6.27 6.753 6.55 6.683 7.127 6.97 1.824 9.951 14.32 35.472 16.76 63.128 81.953 84.446 17.27 11.717 255.691 234.695 2.94 211.75 2.231 271.34 282.624 28.884 279.774 281.728 292.84 298.57 296.239 37.25 289.855 297.381 32.577 284.927 284.778 288.621 3. 25. 2. 15. 1. 5. 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 Jan- Apr 15

COUNTRY GROUP No CN CODES UTILISATION OF SHEEPMEAT AND GOATMEAT TARIFF QUOTAS IN 215 EU-28 : January > December 215 Reg. 1354/211 ORIGIN ORDER NUMBER Annual quota Period: 1/1/215-1/6/215 Unit: tonnes cwe Balance (remaining amount) Actual import Quota use % 1/1/214-19/6/214 Argentina 9.211 23. 22.692 38 1% 9 Australia 9.212 19.186 1.484 8.72 45% 1.94 New Zealand 9.213 228.254 134.836 93.418 41% 91.36 Uruguay 9.214 5.8 4.623 1.177 2% 1.75 Chile 9.1922 7.4 6.65 1.335 18% 2.2 1 24 Norway 9.781 3 3 % Greenland 9.693 1 1 % Faeroes 9.69 2 19 1 4% Turkey 9.227 2 2 % Others 9.215 2 2 % 12 Erga Omnes 9.216 2 2 1% 2 24 21 99 21 2 21 99 29 Iceland 9.79 1.85 1.7 15 8% 235 21 99 6 14 1 3 3 14 1 8 Erga Omnes 9.219 92 92 % 14 2 9 TOTAL 286.62 181.313 15.289 37% 16.517

EU India (up to Mar yy) Uruguay (up to Mar yy) * EU India (up to Mar yy) Uruguay (up to Mar yy) * New Zealand Australia New Zealand Australia Qty in 1 Tonnes Main Exporters of SHEEP&GOAT Products (up to April) Source : GTA & Eurostat (excl.live animals) 25 2 15 1 5 214 (up to April) 215 (up to April)

EU United States Malaysia (up to Mar) Japan China + H. Kong EU United States Malaysia (up to Mar) Japan China + H. Kong 16 14 12 Qty in 1 Tonnes Main Importers of SHEEP&GOAT Products (up to April) Source : GTA & Eurostat (excl.live animals) 214 (up to April) 215 (up to April) 1 8 6 4 2

New Zealand lamb and wool prices (NZ Farmers weekly) 13, 11, 9, NZ$/ 1kg 7, 5, 3, 21 211 212 213 214 215 Wool 25 μ Wool 39 μ Avg NZ Y-lamb NZ$/1kg Source: NZ Farmers weekly

Experts estimates of May 215 FORECAST QUESTIONNAIRE - SHEEP AND GOAT MEAT BALANCE Change 21 211 212 213 214 215(f) 14/13 % 15/14 % GIP/ PIB/ BEE AT ' head 7,914 BE ' head,777,65,488,588,489,536-16,8% 9,6% BG ' head 1,597 1,47 1,45 1,383,133,98-9,4% 635,5% CZ ' head 2,189 2,418 2,46 2,548 2,648 2,648 3,9%,% DE ' head 4,4 42, 38,6 34,4 31,2 31,5-9,3% 1,% IE ' head 41,3 39, 45,2 49,9 53,5 54,5 7,2% 1,9% EL ' head 98, 15, 1, 98, 8, 72, -18,4% -1,% ES ' head 149,488 148,624 136,272 147,68 136,5 136,5-7,5%,% FR ' head 111,543 116,65 112,131 17,243 17,181 16,382 -,1% -,7% HU ' head 9,69 9,551 9,581 9,258 9,637 9,545 4,1% -1,% IT ' head 32,18 3,789 3,78 2,267 1,389 17,734-48,7% 7,7% CY ' head NL ' head 16,8 16,8 16,7 16,4 16,7 16,3 1,8% -2,4% PL ' head 3,29 3,129 3,13 3,46 2,95 2,857-3,2% -3,2% PT ' head 2,116 19,864 18,56 16,993 17,385 17,385 2,3%,% SI ' head SF ' head,79,95,94,95 1,2 1,1 7,4% 7,8% UK ' head 292,3 298,9 285, 298,9 312,3 329,8 4,5% 5,6% Total 82,136 835,75 8,671 87,484 782,32 87,68 EU 1,9% -4,2%,9% -3,2% 3,3% -3,2% 3,3% Off-Slaughter 776,381 789,97 759,892 76,291 75,155 748,173 Official slaughter OSH-Slaughter 138,87 143,98 134,57 126,67 Slaughter other than in official slaughterhouses

Experts estimates of May 215 FORECAST QUESTIONNAIRE - SHEEP AND GOAT MEAT BALANCE Change 21 211 212 213 214 215(f) 14/13 % 15/14 % 1 Price - heavy lambs >= 13.1 kg AT 'EUR/1 kg cwe 529, 526, 53, -,6%,8% BE 'EUR/1 kg cwe CZ 'EUR/1 kg cwe 35, 35, 36, 37, 38, 38, 2,7%,% DE 'EUR/1 kg cwe 425,3 478,4 517,1 512, 52, 54, 1,6% 3,8% IE 'EUR/1 kg cwe 439, 478, 462, 457, 48, 48, 5,%,% EL 'EUR/1 kg cwe 37, 388, 366, 352, 359, 359, 2,%,% ES 'EUR/1 kg cwe 489,63 559,63 561,28 53,87 558,73 558,73 1,9%,% FR 'EUR/1 kg cwe 587,7 61,8 624,2 621,7 635, 652, 2,1% 2,7% CY HU 'EUR/1 kg cwe 49, 57, 554, 52, 57, 525, -2,5% 3,6% NL 'EUR/1 kg cwe 463, 59, 541, 54, 525, 515, 4,2% -1,9% PL 'EUR/1 kg cwe 334, 38, 387, 372, 385 38 3,5% -1,3% SI 'EUR/1 kg cwe SF 'EUR/1 kg cwe 282,45 287,11 35,14 39,4 4, 41, UK 'EUR/1 kg cwe 452,4 51,7 499,7 488,9 518,8 515, 6,1% -,7% EU Experts calc of EU HL 435,75 476,7 479,45 469,27 492,28 494,62 4,9%,5% Realised EU HL on basis of we 436,3 497,84 497,96 488,88 512,92 515,36 2 Price - light lambs =< 13. kg BG 'EUR/1 kg cwe 544, 55, 6, 57, 6, 57, 5,3% -5,% CZ 'EUR/1 kg cwe 48, 48, 48, 48, 49, 49, 2,1%,% EL 'EUR/1 kg cwe 532, 554, 523, 53, 513, 513, 2,%,% ES 'EUR/1 kg cwe 644,67 69,73 69, 625, 676,6 676,6 8,2%,% HU 'EUR/1 kg cwe 555, 64, 631, 585, 59, 61,,9% 3,4% IT 'EUR/1 kg cwe 517,89 526,27 65,7 634,97 624,46 629,46-1,7%,8% PL 'EUR/1 kg cwe 42, 451, 462, 477, 457, 45, -4,2% -1,5% PT 'EUR/1 kg cwe 424, 442, 438, 436, 47, 47, 7,8%,% SI 'EUR/1 kg cwe EU Experts calc of EU LL 567,82 597,8 597,52 566,67 592,98 592,57 4,6% -,1% Realised EU LL on basis of wee 584,3 59,52 599,88 588,72 589,49 589,8

Price forecast for Heavy and Light Lamb based on the communicated data 6 / 1kg 55 5 45 4 21 211 212 213 214 215(f) EU Experts calc of EU HL EU Experts calc of EU LL Realised EU HL on basis of weekly prices Realised EU LL on basis of weekly prices

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