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Market News

World

US: Cheese 40# Blocks price In aumento +3,23%
US: Butter, Grade AA price In calo -0,11%
South America: Whole Milk Powder (WMP) price In aumento +3,57%
South America: Skim Milk Powder (SMP) price In aumento +1,56%
Oceania: Cheddar price In aumento +1,50%
Oceania: Whole Milk Powder (WMP) price In aumento +5,66%

Europe

Western Europe: Whey Powder Sweet price In aumento +4,17%
Western Europe: WMP price In aumento +5,95%
Western Europe: SMP price In calo -1,74%
Western Europe: Butter price (82%) In calo -0,94%
Slovak Republic: Farm-gate raw milk price In aumento +2,35%
Poland: Butter price (82%) In calo -1,43%

Italy

IT, Lombardy: Farm gate milk price In aumento +2,61%
IT, Parma: Churned butter price In calo -2,07%
IT,Reggio Emilia: Parmig. Regg. (24 months) price In aumento +0,69%
IT, Verona: foreign Whole Spot Milk price In calo -0,85%
IT, Verona: foreign Skim Spot Milk price In calo -1,85%
IT, Verona: Spot milk price In calo -3,97%
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-Nov 2024 on Jan-Nov 2023
EU-27
+879
+182
-1.067
-267
+2.395
New Zealand
+247
-45
-133
0
+335
USA
-192
+217
+78
+1.201
-1.255
Australia
+210
-155
+732
+183
-860
United Kingdom
+18
+129
-127
-100
+374
Argentina
-802
-15
+278
-682
-412
Uruguay
-77
-6
+58
0
-141
Chile
+67
-0
+89
+7
-29
TOTAL
+350
+307
-93
+342
+407

Last update: 2025-01-18
(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
(2025-02-14)
OCEANIA
(2025-02-14)
EU¹
(2025-02-12)
GDT²
(2025-02-04)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.233 +3,2% 5.013 +2,3% 5.208 +4,4% 5.070 +4,5%
BUTTER 5.242 -0,1% 7.200 +4,0% 7.407 -2,2% 7.225 +3,3%
SMP 2.921 -0,4% 2.988 +5,8% 2.555 -0,1% 2.812 +4,2%
WMP 4.718 -3,2% 4.150 +5,1% 4.574 +0,5% 4.147 +4,3%
WHEY POWDER 1.301 -7,1%     1.177 +4,1%    
MILK (US$/100Kg) 51,37 -3,7% 43,72 -2,8% 56,22 -1,6%    
*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

Show/Hide Global Snapshot in €

/Ton US
(2025-02-14)
OCEANIA
(1739487600)
EU¹
(2025-02-12)
GDT²
(2025-02-04)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.074 +2,9% 4.784 +1,5% 5.019 +4,5% 4.935 +5,0%
BUTTER 5.045 -0,4% 6.872 +3,1% 7.175 -2,0% 7.032 +3,8%
SMP 2.788 -1,3% 2.851 +4,9% 2.475 -0,6% 2.737 +4,7%
WMP 4.503 -4,1% 3.961 +4,2% 4.430 0,0% 4.036 +4,7%
WHEY POWDER 1.241 -8,0%     1.140 +3,6%    
MILK (€/100Kg) 49,02 -2,3% 41,72 -1,4% 54,30 -0,4%    
*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 10 Feb 2025 -2,4% +24,6%
      ▸ farm-gate EU (13 country) Jan 2025 +4,1% +18,8%
      ▸ farm-gate USA Dec 2024 -2,3% +18,8%
  PDO cheeses…
      ▸ hard Italy 13 Feb 2025 +0,5% +22,3%
      ▸ semi-hard Italy 10 Feb 2025 +1,2% +7,2%
      ▸ fresh Italy 10 Feb 2025 +1,7% +8,9%
Cheeses Germany and Oceania 14 Feb 2025 +0,3% +9,5%
Butter Italy, Germany and Oceania 14 Feb 2025 -0,2% +26,8%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 14 Feb 2025 +0,8% +5,9%
Whey powder Germany and USA 14 Feb 2025 -4,0% +22,8%
  Feed input
      ▸ Corn Italy and USA 13 Feb 2025 +1,9% +14,8%
      ▸ Soybeans Italy and USA 13 Feb 2025 +0,8% -7,0%
      ▸ GMO Soybean Meal Italy 13 Feb 2025 -4,0% -34,3%
Oil Europe 7 Feb 2025 -2,5% -7,5%
Retail price
PDO hard cheeses Italy Dec 2024 -2,1% +8,1%
Fresh cheeses Italy Dec 2024 +1,0% +1,0%
Butter Italy Dec 2024 +0,2% +15,6%
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: Dec 31, 2024 614.755 tons (+1.7% on Nov 30, 2024; -6.0% on Dec, 2023)
    · EU-27
    Consumption (Production + Import - Export): Nov 30,2024 0 tons (-3,6% on Oct 31, 2024; +13,8% on Nov, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Jan 31, 2025 1.890.730 number of wheels (+6,4% on 31 Dec 2024; +2,6% on Jan, 2024)
    - Total: Jan 31, 2025 5.956.199 number of wheels (+1,9% on 31 Dec 2024; +3,4% on Jan, 2024)

  • DRY WHEY Stocks
    · US Stock: Dec 31, 2024 27.299 tons (+5.3% rispetto a Nov 30, 2024; -13.2% rispetto a Dec, 2023)

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

CLAL focus on: Grana Padano Gira & Gratta

Name:
Grana Padano Gira & Gratta
Company:
PARMAREGGIO SPA – Agriform Brand
Base:
Sommacampagna (VR), Italy
Products:
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