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Market News

World

US: Cheese 40# Blocks price In calo -1,48%
US: Butter, Grade AA price In calo -0,58%
US: Lactose price In aumento +4,55%
US: Nonfat Dry Milk Price In aumento +0,79%
Japan: Farm gate milk price In aumento +3,15%
Russia: Milk Production In aumento +0,05%

Europe

Hungary: Farm gate milk price In calo -1,95%
Poland: Butter price (82%) In calo -1,14%
Poland: Farm gate milk price In calo -0,44%
Czech Republic: Farm gate milk price In aumento +0,53%
Germany: Sweet Whey feed quality price In calo -1,25%
Germany: Skim Milk Powder (Adpi - SMP) price In calo -0,82%

Italy

IT, Parma: Parmig.Regg. (24 months) price In aumento +1,28%
IT, Parma: Parmig. Regg. PDO (15 months) price In aumento +0,71%
IT, Parma: Parmig.Regg. (12 months) price In aumento +0,76%
IT, Parma: Parmig. PDO Regg. (18 months) price In aumento +1,36%
IT, Parma: Parmig. Regg. PDO (30 months) price In aumento +1,25%
IT: Parmigiano Regg PDO Production In calo -0,75%
Information Note
  1. Market News evidences only the changes; should no price change or no quotation take place, any mention will be made.
  2. The change/variation concerning PRODUCTION/OUTPUT quantity refers to the same period of the previous year.
  3. The change/variation concerning STOCK quantity refers to the previous month.
  4. The change/variation of price refers to PRICES expressed in local currency (for both EU and the World). The change refers to the previous week/month/year, as the case may be. In the case of dual-listed (min and max), changes are calculated using the MAX PRICE.

Processing input costs

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Show the data of: Previous year

Milk - Balance sheet in Mio Tons | Year 2025 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 558.48+0.8% 121.82+2.3% 197.55+0.8% 478.04+1.1%
India 103.20 +2.2% 113.30 +2.3% 91.00 +2.2% 125.48 +2.3%
Share % 18.5% 93.0% 46.1% 26.2%
EU-27 145.30 -0.2% 4.08 0.0% 23.55 -0.2% 125.48 -0.2%
Share % 26.0% 3.3% 11.9% 26.2%
United States 103.43 +0.8% 0.00 0.0% 20.20 -1.0% 82.62 +1.2%
Share % 18.5% 0.0% 10.2% 17.3%
China 43.30 +0.7% 0.97 +2.1% 17.10 +0.6% 27.82 +0.7%
Share % 7.8% 0.8% 8.7% 5.8%
Russia 32.60 +0.3% 0.00 0.0% 6.60 -1.5% 24.33 +0.8%
Share % 5.8% 0.0% 3.3% 5.1%
Source: USDA, Latest update: 2024-12-21

Global Snapshot

MILK EQUIVALENT | SMP | WMP | BUTTER | CHEESE

Milk Equivalent
('000 Ton)
Δ Milk P. Δ Imp* Δ Exp* Δ Cons* (e) Balance
Δ(P+I-E-C)
Main Players, changes Jan-Apr 2025 on Jan-Apr 2024
EU-27
-523
+13
-24
+94
-579
New Zealand
+16
+6
+225
0
-203
USA
+60
+96
-347
+802
-299
Australia
-48
+24
-1
+37
-60
United Kingdom
+177
+94
+58
+35
+177
Uruguay
+19
+2
+62
0
-41
Argentina
+334
+1
-136
+56
+415
Chile
+61
-48
+27
0
-15
TOTAL
+96
+188
-135
+1.024
-604

Last update: 2025-06-25
(e) Estimated data
* Import, Export and Consumption data are in Milk Equivalent (ME), comprehensive of WMP, Cheese, SMP+Butter and Liquid Milk. Import and Export data are also comprehensive of Condensed Milk and Yogurt.

Information Note
SOURCE
  • Production:
    • EU-27: Eurostat, FEGA, AGEA, Zuivel;
    • United Kingdom: DEFRA;
    • New Zealand: DCANZ;
    • US: National Agricultural Statistics Service;
    • Australia: Dairy Australia;
    • Belarus: National Statistical Committee of the Republic of Belarus;
    • Uruguay: INALE;
    • Argentina: Subsecretaría de Lechería - Ministerio de Agroindustria;
    • Ukraine: State Statistics Committee of Ukraine;
    • Chile: ODEPA.
  • Import/Export:
    • UE-27: Eurostat
    • United KIngdom: United Kingdom HMRC
    • New Zealand: Stat.nz
    • US: Census Bureau
    • Chile: ODEPA
    • Australia, Belarus, Uruguay, Argentina, Ukraine: IHS
  • Domestic consumption data calculated by applying the incidence of consumption over production reported by FAS-USDA on the productions obtained from the local sources.
    The domestic consumption changes estimated by the FAS-USDA source are updated every six months (June and December).
Note: The balance sheet at the moment does not consider the trade of FFMP (fat-filled milk powder) - HS 190190, milk powder that has a fat content similar to whole milk powder, but instead of butterfat contains vegetable fats.
« Last year Current year »
 
 
/Ton US
(2025-07-11)
OCEANIA
(2025-07-04)
EU¹
(2025-07-09)
GDT²
(2025-07-01)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.660 -1,5% 4.963 -1,5% 5.548 +5,2% 4.920 -2,1%
BUTTER 5.710 -0,6% 7.600 -6,6% 8.777 -0,8% 7.920 -5,0%
SMP 2.756 +0,4% 2.763 -1,8% 2.789 -1,6% 2.747 -0,5%
WMP 4.806 +0,9% 3.900 -4,0% 5.097 -1,3% 3.967 -5,3%
WHEY POWDER 1.268 +2,7%     1.301 -1,7%    
MILK (US$/100Kg) 46,96 +1,4% 45,11 +1,9% 61,21 +2,3%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Cheddar in the European Union (source: European Commission (Milk Market Observatory))
² Contract 2 GDT
n.a.: not available

Show/Hide Global Snapshot in €

/Ton US
(2025-07-11)
OCEANIA
(1751580000)
EU¹
(2025-07-09)
GDT²
(2025-07-01)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.126 -0,9% 4.217 -3,6% 4.741 +3,5% 4.198 -3,3%
BUTTER 4.877 +0,0% 6.459 -8,6% 7.490 0,0% 6.758 -6,2%
SMP 2.359 +1,1% 2.348 -3,9% 2.380 -0,8% 2.344 -1,8%
WMP 4.114 +1,7% 3.314 -6,1% 4.350 -0,6% 3.385 -6,5%
WHEY POWDER 1.085 +3,4%     1.110 -0,9%    
MILK (€/100Kg) 41,64 +0,9% 40,00 +1,3% 53,15 +0,2%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Cheddar in the European Union (source: European Commission (Milk Market Observatory))
² Contract 2 GDT
n.a.: not available

FOCUS Price Products € in real time

  Area Last
updated
± from
prev. price
± from
1 year ago
Price / Quotation
  Whole Milk…
      ▸ “SPOT” Italy 7 Jul 2025 +0,2% +21,9%
      ▸ farm-gate EU (13 country) Jun 2025 -0,5% +17,8%
      ▸ farm-gate USA May 2025 +0,9% -7,2%
  PDO cheeses…
      ▸ hard Italy 10 Jul 2025 +0,4% +18,7%
      ▸ semi-hard Italy 7 Jul 2025 +0,3% +9,2%
      ▸ fresh Italy 7 Jul 2025 0,0% +11,0%
Cheeses Germany and Oceania 9 Jul 2025 -0,9% +9,0%
Butter Italy, Germany and Oceania 9 Jul 2025 -2,8% +6,7%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 11 Jul 2025 -1,0% -1,6%
Whey powder Germany and USA 11 Jul 2025 +1,7% +23,1%
  Feed input
      ▸ Corn Italy and USA 10 Jul 2025 +2,2% +10,5%
      ▸ Soybeans Italy and USA 10 Jul 2025 +0,3% -17,4%
      ▸ GMO Soybean Meal Italy 10 Jul 2025 -1,0% -28,7%
Oil Europe 4 Jul 2025 -0,5% -20,9%
Retail price
PDO hard cheeses Italy May 2025 +5,3% +14,8%
Fresh cheeses Italy May 2025 +0,3% +3,1%
Butter Italy May 2025 +1,8% +14,5%
Percentage price changes relate to (i) the last quotation period, and to (ii) the same period of the previous year

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World Supply and Demand

  • CHEESE Stocks
    · US Stocks: May 31, 2025 640.714 tons (+0.6% on Apr 30, 2025; -1.5% on May, 2024)
    · EU-27
    Consumption (Production + Import - Export): Dec 31,2024 0 tons (-8,7% on Nov 30, 2024; -18,2% on Dec, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Jun 30, 2025 1.954.563 number of wheels (-1,2% on 31 May 2025; +10,7% on Jun, 2024)
    - Total: Jun 30, 2025 6.457.491 number of wheels (-0,4% on 31 May 2025; +3,8% on Jun, 2024)

  • DRY WHEY Stocks
    · US Stock: May 31, 2025 28.891 tons (+5.3% rispetto a Apr 30, 2025; -1.2% rispetto a May, 2024)

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a new project:Sistema Stalla Performance and Competitiveness of Italian Dairy Farms
 

CLAL focus on: Fresh Grated Grana Padano Riserva

Name:
Fresh Grated Grana Padano Riserva
Company:
Ambrosi Spa
Base:
Castenedolo (BS), Italy
Establishment year:
1942
Products:
Grana Padano, Parmigiano Reggiano, fresh cheeses, other hard cheeses, butter


Freshly grated Grana Padano (PDO) RISERVA (aged 20 months at least), packaged in protective atmosphere.

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