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Market News

World

US: Cheese 40# Blocks price In calo -1,89%
US: Butter, Grade AA price In aumento +2,68%
US: Acid Casein price In aumento +2,56%
US: Rennet Casein price In calo -1,33%
US: Whey Protein Concentrate (34%) price In calo -0,47%
US: Nonfat Dry Milk Price In aumento +0,87%

Europe

Slovak Republic: Farm-gate raw milk price In calo -3,48%
Romania: Farm gate milk price In calo -1,83%
Netherlands: Skim Milk Powder feed price In calo -0,89%
Netherlands: Skim Milk Powder (Adpi-SMP) price In aumento +0,84%
Netherlands: Whole Milk Powder (WMP) price In aumento +1,67%
Netherlands: Butter price (82%) In aumento +2,72%

Italy

IT, Parma: Parmig. Regg. PDO (30 months) price In aumento +0,39%
IT, Parma: Parmig.Regg. (24 months) price In aumento +0,41%
IT, Parma: Parmig. PDO Regg. (18 months) price In aumento +0,42%
IT, Parma: Parmig. Regg. PDO (15 months) price In aumento +0,45%
IT, Parma: Parmig.Regg. (12 months) price In aumento +0,46%
IT, Parma: Churned butter price In aumento +1,46%
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 2024 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 552.03+0.4% 119.43+2.2% 196.12+0.8% 470.23+0.7%
India 99.50 +0.5% 110.70 +2.4% 89.00 +2.2% 121.18 +1.0%
Share % 18.0% 92.7% 45.4% 25.8%
EU-27 144.60 -0.1% 4.20 -0.1% 23.65 -0.2% 124.64 -0.1%
Share % 26.2% 3.5% 12.1% 26.5%
United States 103.87 +0.9% 0.00 0.0% 20.40 -1.2% 82.84 +1.4%
Share % 18.8% 0.0% 10.4% 17.6%
China 41.50 +1.2% 1.20 0.0% 17.00 +1.7% 26.48 +1.0%
Share % 7.5% 1.0% 8.7% 5.6%
Russia 32.50 +0.6% 0.00 0.0% 6.70 -1.5% 24.14 +1.4%
Share % 5.9% 0.0% 3.4% 5.1%
Source: USDA, Latest update: 2023-12-20

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-Feb 2024 on Jan-Feb 2023
New Zealand
+72
+1
+689
0
-615
EU-27
+335
+35
+11
+31
+328
USA
+117
+42
+77
+142
-61
Australia
+87
+5
+92
+21
-21
United Kingdom
+30
-110
+53
-1
-131
Argentina
-248
-4
+105
-102
-254
Uruguay
+14
-4
+21
0
-11
Chile
+10
+44
+19
+3
+32
TOTAL
+417
+9
+1.067
+93
-734

Last update: 2024-04-20
(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
(2024-05-17)
OCEANIA
(2024-05-10)
EU¹
(2024-05-15)
GDT²
(2024-05-07)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.283 -1,9% 4.300 +2,7% 4.225 +0,3% 4.257 +3,7%
BUTTER 6.768 +2,7% 6.875 +4,0% 6.440 +1,2% 6.692 +1,6%
SMP 2.491 +0,9% 2.550 -1,0% 2.569 +0,9% 2.523 -0,1%
WMP 4.850 +0,5% 3.363 +3,5% 3.995 +1,1% 3.329 +2,8%
WHEY POWDER 849 0,0%     1.047 +0,3%    
MILK (US$/100Kg) 45,64 +0,5% 36,06 -0,7% 49,68 -1,5%    
*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
(2024-05-17)
OCEANIA
(1715292000)
EU¹
(2024-05-15)
GDT²
(2024-05-07)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.941 -3,1% 3.989 +2,1% 3.920 -0,1% 3.950 +2,5%
BUTTER 6.229 +1,4% 6.378 +3,3% 5.965 +0,9% 6.210 +0,5%
SMP 2.297 +0,3% 2.366 -1,6% 2.380 +0,6% 2.341 -1,2%
WMP 4.473 -0,1% 3.119 +2,8% 3.700 +0,8% 3.089 +1,7%
WHEY POWDER 783 -0,6%     970 0,0%    
MILK (€/100Kg) 41,97 -0,2% 33,17 -1,4% 46,31 -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 13 May 2024 +5,7% +14,1%
      ▸ farm-gate EU (13 country) Apr 2024 -0,4% -6,0%
      ▸ farm-gate USA Mar 2024 -0,2% -2,9%
  PDO cheeses…
      ▸ hard Italy 13 May 2024 0,0% +4,9%
      ▸ semi-hard Italy 13 May 2024 0,0% -2,4%
      ▸ fresh Italy 13 May 2024 0,0% -2,8%
Cheeses Germany and Oceania 15 May 2024 +0,5% -0,2%
Butter Italy, Germany and Oceania 15 May 2024 +1,8% +33,7%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 17 May 2024 -0,2% -4,8%
Whey powder Germany and USA 17 May 2024 -0,3% +9,0%
  Feed input
      ▸ Corn Italy and USA 16 May 2024 +1,4% -17,9%
      ▸ Soybeans Italy and USA 16 May 2024 +0,1% -3,0%
      ▸ GMO Soybean Meal Italy 16 May 2024 -3,0% -7,5%
Oil Europe 10 May 2024 -3,2% +9,0%
Retail price
PDO hard cheeses Italy Mar 2024 -0,5% -0,5%
Fresh cheeses Italy Mar 2024 +0,0% -2,1%
Butter Italy Mar 2024 -1,5% -8,4%
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: Mar 31, 2024 661.900 tons (+0.1% on Feb 29, 2024; -0.1% on Mar, 2023)
    · EU-27
    Consumption (Production + Import - Export): Feb 29,2024 0 tons (-14,6% on Jan 31, 2024; +23,5% on Feb, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Apr 30, 2024 1.919.774 number of wheels (-0,2% on 31 Mar 2024; -1,0% on Apr, 2023)
    - Total: Apr 30, 2024 6.073.740 number of wheels (+2,5% on 31 Mar 2024; +1,6% on Apr, 2023)

  • DRY WHEY Stocks
    · US Stock: Mar 31, 2024 36.875 tons (+11.6% rispetto a Feb 29, 2024; +22.0% rispetto a Mar, 2023)

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Dairy Market Alert

Clal.it outlines hereafter some important changes that occured in the market and may have an impact on the market trend:

  1. export share of production of Grana Padana, Parmigiano Reggiano and Gorgonzola cheeses,
  2. Cheese, Butter, Powder and Packed Milk import and export flows of the main dairy players.


Access the Dairy World Trade section »  to analyse more in depth


* Compared to the same period of the previous year

** Compared to the same month of the previous year (Information Note)

Import or Export changes become “Alerts” if the given thresholds are exceeded: Cream ± 20 %, Milk in packings of > 2 l ± 20 %, Milk in packings of <= 2 l ± 20 %, Baby milk ± 15 %, Butter ± 15 %, Cheese ± 15 %, SMP ± 20 %, WMP ± 20 %, Whey powder ± 40 %

Clal Updates and Publications

CLAL.it provides the Operators with a range of updated information.


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

CLAL focus on: Piave PDO Cheese

Name:
Piave PDO Cheese
Producer:
Lattebusche
Headquarters:
Busche di Cesiomaggiore (BL), Italy
Other Products
cheese, fresh cheese, dairy products, milk, ice cream

Piave is a hard, cooked PDO cheese made in the province of Belluno, the northernmost part of the Veneto region in north-eastern Italy, bordering the Dolomiti Bellunesi National Park. It can be made exclusively from milk that has been collected in the same area. It is distinguished by its flavour: sweet and intense, never spicy, with a full aroma reminiscent of Alpine herbs and flowers.

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