CLAL.it outlines the import and export trade flows of Cheese, Butter and AMF, Milk Powders, Whey and WPC, Condensed Milk, Packed and Bulk Milk, Lactose, Casein and Caseinates by the main international players.
Milk production: near the seasonal low point. Current milk production volumes estimated just above year ago levels.
Weather situation: cooler weather conditions across Southern Australia has extended pasture utilization and delayed forage purchases for some producers.
Milk producers: the hay market saw light trading and steady prices. A few cooperatives shifted their farmgate milk prices marginally lower.
Milk production: continues to decline.
Weather situation: the New Zealand government has officially declared the South Island as being in a state of drought. Conditions on the North Island are not as dry, but milk production continues to decline.
Milk producers: the official declaration of state of drought opens the way for governmental assistance to those producers in the affected areas.
BUTTER (82%): prices moved substantially higher over market concerns regarding the possibility of reduced supplies; available export supplies are primarily out of New Zealand, while Australian supplies are tight; some increased demand for butteroil is being noted as butter prices have climbed to a level where buyers from some countries find it more economical to purchase butteroil.
CHEDDAR CHEESE: prices held steady; Cheddar has seen some production increases in recent weeks, due to favorable returns; supplies are available in New Zealand; fairly tight supplies in Australia are limiting volumes available for export with domestic prices above export levels.
SMP: prices moved higher; U.S. West Coast port disruptions have added to demand interest with some buyers looking for spot sales to cover delivery delays; supplies in Oceania are more than adequate to cover current commitments.
WMP: prices moved significantly higher, as most buyers perceive supplies tightening in New Zealand; China’s demand continues; WMP supplies are more readily available from New Zealand rather than Australia.
The drought in New Zealand is leading to a decline in milk production, and a consequent reduction in the availability of dairy commodity is espected: this forecast is the predominant force supporting higher prices. Demand for butter, SMP and WMP has increased as buyers are anxious to purchase ahead of possible future price increases.
A small but increasing number of Australian dairy companies are seizing the opportunity to export fresh pasteurized milk to China.
Note: · Assessments about market trend are expressed in US$; · * Dairy season: July, 1st – June, 30th (Australia), June, 1st – May, 31st (New Zealand).
Production figures are represented, in the given period, on the table and the graph here below.
The Provolone Valpadana is a P.D.O. "pasta filata" cheese.
Its origins are from Southern Italy although nowadays it is produced in other Italian regions. Presently, the main production areas are based in the Venetian Region, in Lombardy and in particular in the province of Cremona (all the three places are located in Northern Italy).
The wheels have various shapes (i.e. mainly pear-shaped, sausage-shaped, melon-shaped...) and therefore various names like Provolone, Pancetta, Gigante, Gigantino, Pancettone, Mandarino... All these wheels are tied with strong twine and then hung up to aging.
Provolone is produced with whole pasteurised cow milk only and it is available in two types: "Dolce" and "Piccante":
- The "Dolce" one has a mild taste; it is produced using veal rennet and is aged for 2-3 months;
- The "Piccante" one has a sharp taste and it is produced using rennet coming from kid and/or lamb rennet. It is aged from a minimum 3 months to over one year.
Both "Dolce" and "Piccante" types can also be smoked.
The price of Provolone Valpadana is quoted on different market places such as Cremona, Milan...
Production of Provolone Valpadana
± % vs prev. month**
± % on 2013
± % on 2012
Last Update: 2015-02-12
1) change from the same period of previous year
**: Adjusted for months of 30 days (Ex. The calculation of the production change of June compared to May is obtained by considering [June production] compared to [May production : 31 x 30])
Source: Consorzio di Tutela