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.
 
Survey date
Italy, Lodi - Skimmed Pasteurised Spot Milk from foreign countries
(predom. from GERMANY)
0.03% fat, €/100 lt VAT excluded¹
Min Max
Monday   13 May 2013
28,98 30,02
Tuesday   30 Apr 2013
28,98 30,02
Monday   15 Apr 2013
28,98 30,02
Tuesday   26 Mar 2013
26,91 27,95
Monday   11 Mar 2013
26,91 27,95
Tuesday   26 Feb 2013
27,95 28,98
Monday   11 Feb 2013
27,95 28,98
Tuesday   29 Jan 2013
26,91 27,95
Monday   14 Jan 2013
25,88 27,95
Thursday   27 Dec 2012
23,81 25,88
NOTE: since 2010, March prices are quoted on a fortnightly basis
¹ The price is inclusive of freight.
Source: Lodi Chamber of Commerce - data processed by CLAL
Show/Hide table of prices in €/100 Kg.

Survey date
Italy, Lodi - Skimmed Pasterurised Spot Milk from foreign countries
(predom. from GERMANY)
0.03% fat, €/100 kg VAT excluded¹
Min Max
Monday   13 May 2013
28,00 29,00
Tuesday   30 Apr 2013
28,00 29,00
Monday   15 Apr 2013
28,00 29,00
Tuesday   26 Mar 2013
26,00 27,00
Monday   11 Mar 2013
26,00 27,00
Tuesday   26 Feb 2013
27,00 28,00
Monday   11 Feb 2013
27,00 28,00
Tuesday   29 Jan 2013
26,00 27,00
Monday   14 Jan 2013
25,00 27,00
Thursday   27 Dec 2012
23,00 25,00
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:
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: 10,87 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 30,00 / 100 kg of SMP;
  • the cost of transportation from Bavaria to Milan: Euro 4,50 / 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
2010
min max
2011
min   max
2012
min   max
2013
min   max
January
19,50 20,44
23,44 24,13
22,64 23,44
26,38 26,96
February
19,40 20,33
25,97 27,22
22,02 22,78
26,09 26,66
March
20,22 20,94
25,84 27,32
20,65 21,65
26,16 26,70
April
21,69 22,61
22,27 24,06
19,57 20,45
29,60 30,56
May
24,06 24,99
22,99 23,96
19,51 20,43
30,79 31,68
June
23,01 23,77
23,60 24,36
20,78 21,78
   
July
21,87 23,06
22,72 23,52
21,99 22,74
   
August
21,25 22,40
21,47 22,35
24,27 25,03
   
September
22,11 23,25
22,24 22,96
26,43 27,27
   
October
21,25 22,24
22,55 23,34
26,76 27,49
   
November
19,65 20,77
22,33 23,22
26,32 27,22
   
December
21,30 22,01
22,45 23,37
26,03 26,70
   
Annual
avg price		 20,92 21,75 22,58 23,75 22,58 23,42 11,42 11,58

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Skimmed milk price obtained by SMP processing
UE Intervention price  (€/100 lt)
Month 2010 2011 2012 2013 ± % from 2012
January 17,97 17,97 17,97 17,97 0,00%
February 17,97 17,97 17,97 17,97 0,00%
March 17,97 17,97 17,97 17,97 0,00%
April 17,97 17,97 17,97 17,97 0,00%
May 17,97 17,97 17,97 17,97 0,00%
June 17,97 17,97 17,97  
July 17,97 17,97 17,97  
August 17,97 17,97 17,97  
September 17,97 17,97 17,97  
October 17,97 17,97 17,97  
November 17,97 17,97 17,97  
December 17,97 17,97 17,97  
Average 17,97 17,97 17,97 17,97
Change¹ % +0,00% +0,00% +0,00% -0,00%
Last Update: 2013-05-10
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 10,87 litres of Skimmed Milk;
  • cost of spray drying: Euro 30,00 per 100 kg of SMP;
  • freight costs from Bavaria to Milan: Euro 4,50 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 by this interactive price system, 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
This page proposes a particular simulation. This may rise some suggestions from your side. Should you have any comments, please do not hesitate to write them down here. We would be grateful of any suggestions you may have.

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