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Market News

World

US: Cheese 40# Blocks price In calo -1,08%
US: Butter, Grade AA price In aumento +0,59%
US: Acid Casein price In aumento +1,30%
US: Rennet Casein price In calo -2,56%
US: Whey Protein Concentrate (34%) price In calo -0,54%
US: Nonfat Dry Milk Price In aumento +1,57%

Europe

Poland: Butter price (82%) In aumento +1,34%
Czech Republic: Farm gate milk price In aumento +0,84%
Slovak Republic: Farm-gate raw milk price In aumento +0,56%
DE, Kempten: "Markenbutter" price In calo -1,32%
Germany: Sweet Whey feed quality price In calo -1,20%
Germany: Whole Milk Powder (WMP) price In aumento +0,22%

Italy

IT, Parma: Parmig. Regg. PDO (30 months) price In aumento +0,31%
IT, Parma: Parmig.Regg. (24 months) price In aumento +0,32%
IT, Parma: Parmig. PDO Regg. (18 months) price In aumento +0,35%
IT, Parma: Parmig. Regg. PDO (15 months) price In aumento +0,36%
IT, Parma: Parmig.Regg. (12 months) price In aumento +0,38%
IT, Parma: Churned butter price In aumento +2,13%
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.

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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-Mar 2025 on Jan-Mar 2024
New Zealand
+23
+5
+103
0
-75
EU-27
-698
-30
-14
+70
-784
USA
-78
+74
-233
+601
-373
Australia
-50
+16
+9
+28
-71
United Kingdom
+84
+94
-29
+27
+180
Uruguay
+10
+2
+61
0
-48
Argentina
+222
+1
-116
+42
+296
Chile
+44
-43
+12
0
-11
TOTAL
-442
+119
-207
+768
-885

Last update: 2025-05-29
(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
(2025-06-13)
OCEANIA
(2025-06-06)
EU¹
(2025-06-11)
GDT²
(2025-06-03)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.051 -1,1% 4.975 -2,2% 5.233 +0,7% 5.048 -1,4%
BUTTER 5.666 +0,6% 7.838 0,0% 8.515 +0,4% 7.958 +1,3%
SMP 2.800 +1,6% 2.875 -2,1% 2.783 +0,4% 2.770 -0,1%
WMP 4.762 +0,5% 4.175 -3,7% 5.040 +0,6% 4.295 -2,9%
WHEY POWDER 1.224 +1,8%     1.303 +0,4%    
MILK (US$/100Kg) 46,30 -4,5% 44,26 +1,7% 60,16 +1,1%    
*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
(2025-06-13)
OCEANIA
(1749160800)
EU¹
(2025-06-11)
GDT²
(2025-06-03)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.494 -2,5% 4.360 -3,2% 4.586 +0,1% 4.421 -2,7%
BUTTER 4.887 -0,9% 6.868 -1,0% 7.450 +0,0% 6.969 -0,1%
SMP 2.432 +0,7% 2.519 -3,1% 2.435 0,0% 2.426 -1,5%
WMP 4.137 -0,4% 3.659 -4,7% 4.410 +0,2% 3.761 -4,2%
WHEY POWDER 1.063 +0,9%     1.140 0,0%    
MILK (€/100Kg) 41,29 -8,0% 39,47 -2,0% 53,34 +0,6%    
*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 9 Jun 2025 +4,2% +12,4%
      ▸ farm-gate EU (13 country) May 2025 -0,3% +17,3%
      ▸ farm-gate USA Apr 2025 -8,0% -1,5%
  PDO cheeses…
      ▸ hard Italy 12 Jun 2025 +0,3% +19,7%
      ▸ semi-hard Italy 9 Jun 2025 0,0% +8,4%
      ▸ fresh Italy 9 Jun 2025 0,0% +9,6%
Cheeses Germany and Oceania 11 Jun 2025 -0,8% +8,3%
Butter Italy, Germany and Oceania 11 Jun 2025 +0,2% +8,5%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 13 Jun 2025 -0,6% +0,5%
Whey powder Germany and USA 13 Jun 2025 0,0% +21,2%
  Feed input
      ▸ Corn Italy and USA 12 Jun 2025 -1,7% +4,1%
      ▸ Soybeans Italy and USA 12 Jun 2025 -1,4% -16,9%
      ▸ GMO Soybean Meal Italy 12 Jun 2025 -3,0% -28,7%
Oil Europe 6 Jun 2025 +3,8% -12,3%
Retail price
PDO hard cheeses Italy Apr 2025 -2,0% +7,7%
Fresh cheeses Italy Apr 2025 +0,7% +3,1%
Butter Italy Apr 2025 -1,0% +12,1%
Percentage price changes relate to (i) the last quotation period, and to (ii) the same period of the previous year

CLICK HERE for further information.

World Supply and Demand

  • CHEESE Stocks
    · US Stocks: Apr 30, 2025 638.686 tons (+0.7% on Mar 31, 2025; -2.4% on Apr, 2024)
    · EU-27
    Consumption (Production + Import - Export): Dec 31,2024 0 tons (-1,1% on Nov 30, 2024; +27,4% on Dec, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: May 31, 2025 1.978.232 number of wheels (-2,2% on 30 Apr 2025; +9,5% on May, 2024)
    - Total: May 31, 2025 6.480.757 number of wheels (+2,3% on 30 Apr 2025; +5,9% on May, 2024)

  • DRY WHEY Stocks
    · US Stock: Apr 30, 2025 28.378 tons (-2.6% rispetto a Mar 31, 2025; -13.7% rispetto a Apr, 2024)

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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: Gorgonzola

Name:
Gorgonzola Cheese PDO
Consortium:
Consorzio per la Tutela del Formaggio Gorgonzola
Base:
Novara
Establishment year:
1970
N° of Associated Farms:
40
Product:
Gorgonzola

This cheese takes its name from the village of Gorgonzola, on the outskirts of Milan. Legend has it that this cheese was made there for first time in 879 A.D.

By law and by tradition there are only two regions in Italy which are entitled to manufacture Gorgonzola cheese, and even within these regions, only some provinces are allowed to produce it.

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The Agricultural Market News are now available on TESEO.clal.it: click here.

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