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Skimmed pasteurised "Spot" foreign milk - Lodi (Italy)
This page contains the prices of Skimmed Pasteurised "spot" Milk from countries outside Italy, as determined by the Commission appointed by the Lodi Chamber of Commerce*.

The ten most recent prices are listed in the table, while the graph to the side illustrates the price trends that have occurred over the past three years.

The term Skimmed Pasteurised "spot" Milk from countries outside Italy refers to milk coming mainly from Germany. Milk is stored in bulk tanks and traded through short-term contracts.

It is important to note that the availability of skimmed pasteurised "spot" milk from countries outside Italy is indicative of the demand trend for the product (influenced by factors such as increased semi-skimmed UHT milk consumption or raw milk shortages in autumn).

* The Lodi Chamber of Commerce records the prices of goods traded between companies that, in terms of trading volume, play an important role in the local economy. The Chamber specifically appoints Technical Commissions to carry out the assessments on its behalf. The prices shown on this page are purely informative and are to be interpreted as indicative of the average market values over the specified period.

At the bottom of this page you can find a simulation-based calculation model to reconstitute the components of skimmed pasteurised "spot" milk of Germany and thus determine the price.
 
Italy, Lodi - Skimmed Pasteurised Spot Milk from foreign countries
(predom. from GERMANY)
0.03% fat, €/100 lt VAT excluded²
Survey Date
€ per 100 lt
Min Max ± on prev. price
Monday   10 Jul 2017
20,18 21,22 -4,76%
Monday   3 Jul 2017
21,22 22,25 -3,45%
Monday   26 Jun 2017
22,25 22,77 +1,16%
Monday   19 Jun 2017
21,74 22,77 0,00%
Monday   12 Jun 2017
21,74 22,77 0,00%
Monday   5 Jun 2017
21,74 22,77 +13,16%
Monday   29 May 2017
19,15 20,18 +8,99%
Monday   22 May 2017
17,53 18,56 +20,22%
Monday   15 May 2017
14,49 15,53 +16,00%
Monday   8 May 2017
12,42 13,46 +9,12%
NOTE: since 2010, March prices are quoted on a fortnightly basis; since 2017, March prices are quoted on a weekly basis.
² The price is inclusive of freight.
Source: Lodi Chamber of Commerce - data processed by CLAL
Italy, Lodi - Skimmed Pasteurised Spot Milk from foreign countries
(predom. from GERMANY)
0.03% fat, €/100 Kg VAT excluded
Survey Date
€ per 100 Kg
Min Max ± on prev. price
Monday   10 Jul 2017
19,50 20,50 -4,76%
Monday   3 Jul 2017
20,50 21,50 -3,45%
Monday   26 Jun 2017
21,50 22,00 +1,16%
Monday   19 Jun 2017
21,00 22,00 0,00%
Monday   12 Jun 2017
21,00 22,00 0,00%
Monday   5 Jun 2017
21,00 22,00 +13,16%
Monday   29 May 2017
18,50 19,50 +8,57%
Monday   22 May 2017
17,00 18,00 +20,69%
Monday   15 May 2017
14,00 15,00 +16,00%
Monday   8 May 2017
12,00 13,00 +8,70%
 
Prior to 31/12/2005, milk prices were determined in Euro/1000 litres; since 01/01/2006, prices have been in Euro/1000kg. CLAL publishes prices in Euro/100 litres in order to compare them with farm-gate milk prices in Lombardy (Italy's largest milk-producing region), where prices are agreed between the parties (Dairy Industries and Milk Farmers) in Euro/100 litres.

Calculation to convert the price of:
- whole milk from Euro/1000kg to Euro/100 litres: Price x 1.031:10
- skimmed milk from Euro/1000kg to Euro/100 litres: Price x 1.035:10

Visit the page below:
 
€/100Kg Italy, Lodi
Skimmed Pasteurised Spot Milk from foreign countries
(predom. from GERMANY)
2010 2011 2012 2013 2014 2015 2016 2017 % on prev. month % on 2016
January 21,25 21,88 18,63 26,25 29,63 16,75 11,75 16,25 -16,67% +38,30%
February 20,75 24,50 21,00 27,50 27,38 21,00 11,50 18,00 +10,77% +56,52%
March 20,38 24,67 20,25 26,50 23,00 20,25 10,50 14,92 -17,10% +42,11%
April 20,88 21,00 16,50 28,50 15,75 17,75 10,38 11,82 -20,80% +13,91%
May 22,00 19,75 17,13 28,50 16,25 15,25 13,38 15,86 +34,18% +18,57%
June 22,75 21,75 18,75 28,75 22,75 16,38 17,50 21,56 +35,97% +23,21%
July 24,00 23,00 22,75 30,25 22,00 17,00 19,38 20,50 -4,93% +5,81%
August 23,50 21,00 27,50 32,50 22,25 19,88 19,75
September 24,25 23,63 29,50 33,75 22,25 20,38 22,88
October 24,38 23,88 30,63 34,25 22,50 20,00 25,50
November 24,25 24,00 31,25 34,38 23,50 19,25 25,75
December 23,00 21,25 27,25 31,25 17,75 15,75 19,50
Average 22,73 22,60 23,25 30,12 22,08 18,30 17,31 16,87
Change on the previous year -0,56% +2,89% +29,55% -26,68% -17,12% -5,41% -2,54%
Source: Lodi Chamber of Commerce - data processed by CLAL
  = min price
  = max price
 
Simulation-Based Calculation

The simulation-based calculation here below determines the price of skimmed pasteurised "spot" milk from countries outside Italy by reconstituting the components and employing the ratio: 9,65 kg of milk = 1 kg of skimmed milk powder (SMP). It uses the following references:
  • the min. and max. price trends for Skimmed Milk Powder (SMP) for human consumption (ADPI) determined in Germany;
  • the min. and max. price trends for Skimmed Milk Powder (SMP) for human consumption (LOSE) determined in Germany;
  • the cost of powder transformation: Euro 38,00 / 100 kg of SMP;
  • the cost of transportation from Bavaria to Milan: Euro 4,00 / 100 kg;
  • the conversion from kg to litres: 1,035
The minimum and maximum prices shown in the table are the result of this calculation. The chart to the right illustrates these results over a three-year period.

The graph below compares the average price of skimmed milk, calculated by simulation, with the price of raw Italian "spot" milk over a given period.
 
Skimmed milk prices based on the simulation of the
min. e max price of the milk powder (SMP - ADPI) in Germany
Euro per 100 litre - V.A.T. excluded,
delivery cost (Bavaria - Milan) included
Survey date
2014
min max
2015
min   max
2016
min   max
2017
min   max
January
34,06 34,77
18,93 19,76
16,64 17,37
21,33 22,27
February
34,05 34,71
22,10 23,10
16,01 16,98
20,26 21,23
March
32,49 33,50
21,76 22,86
15,58 16,52
18,64 19,46
April
30,31 31,45
19,59 20,95
15,78 16,64
17,83 18,60
May
28,46 29,80
18,40 19,35
16,45 17,12
19,10 19,84
June
29,31 30,02
18,28 19,05
17,35 18,25
20,38 21,37
July
28,81 29,54
17,69 18,28
17,83 18,79
19,48 20,56
August
24,50 26,24
16,75 17,47
18,86 19,58
   
September
20,87 22,42
17,49 18,13
20,58 21,43
   
October
20,09 21,28
18,42 19,13
21,31 22,17
   
November
18,91 19,95
17,61 18,25
20,50 21,75
   
December
18,50 19,43
16,85 17,58
20,77 21,84
   
Annual
avg price		 26,25 27,25 18,08 19,08 17,58 18,50 19,14 20,00

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Skimmed milk price obtained by SMP processing
UE Intervention price  (€/100 lt)
Month 2014 2015 2016 2017 ± on prev.
month. 		± % from
2016
January 18,28 18,28 18,28 18,28 0,00% 0,00%
February 18,28 18,28 18,28 18,28 0,00% 0,00%
March 18,28 18,28 18,28 18,28 0,00% 0,00%
April 18,28 18,28 18,28 18,28 0,00% 0,00%
May 18,28 18,28 18,28 18,28 0,00% 0,00%
June 18,28 18,28 18,28 18,28 0,00% 0,00%
July 18,28 18,28 18,28  
August 18,28 18,28 18,28  
September 18,28 18,28 18,28  
October 18,28 18,28 18,28  
November 18,28 18,28 18,28  
December 18,28 18,28 18,28  
Average 18,28 18,28 18,28 18,28
Change¹ % +0,00% +0,00% +0,00% +0,00%
Last Update: 2017-06-22
1) change from previous year
Source: UE
CALCULATION NOTES:
Intervention Price of SMP transformed into Skimmed Milk:
  • to get 1 kg of SMP, it needs 9,65 litres of Skimmed Milk;
  • cost of spray drying: Euro 38,00 per 100 kg of SMP;
  • freight costs from Bavaria to Milan: Euro 4,00 per 100 kg;
DISCLAIMER: Clal seeks to ensure that the prices calculated by this interactive price system are accurate. However, Clal shall not in any event be liable for loss, or damage, howsoever suffered directly or indirectly in relation to the information produced, and no liability will be accepted for errors or omissions.
Clal recommend that if any action is considered due to information produced by the system, before any action is taken, all prices, assumptions, and other information required is checked with an appropriate person qualified to give advice.
Please let us have your comment on this topic. Thank you
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