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Market News

World

US: Butter, Grade AA price In calo -1,22%
US: Cheese 40# Blocks price In calo -3,75%
Oceania: Cheddar price In calo -6,25%
Oceania: Skim Milk Powder (SMP) price In calo -8,13%
Oceania: Butter price (82%) In aumento +2,99%
US: Whey Protein Concentrate (34%) price In calo -2,34%

Europe

Western Europe: WMP price In calo -0,64%
Western Europe: SMP price In aumento +1,00%
Western Europe: Butter price (82%) In calo -1,03%
Estonia: Farm gate milk price In calo -5,28%
Netherlands: Skim Milk Powder feed price In aumento +0,89%
Netherlands: Skim Milk Powder (Adpi-SMP) price In aumento +1,67%

Italy

IT, Parma: Churned butter price In aumento +2,30%
IT, Mantua: Grana Padano PDO (10 months) price In calo -0,56%
IT,Reggio Emilia: Parmig. Regg. (24 months) price In calo -0,82%
IT, Verona: Spot milk price In aumento +4,35%
IT, Verona: foreign Skim Spot Milk price In aumento +20,00%
IT, Verona: foreign Whole Spot Milk price In aumento +5,41%
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 2023 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 549.48+1.0% 116.79+2.3% 195.32+1.4% 465.96+1.2%
India 99.50 +2.6% 108.00 +2.4% 87.45 +2.9% 120.04 +2.2%
Share % 18.1% 92.5% 44.8% 25.8%
EU-27 143.00 -0.6% 4.20 +1.2% 23.65 -0.6% 122.85 -0.5%
Share % 26.0% 3.6% 12.1% 26.4%
United States 104.10 +1.1% 0.00 0.0% 20.90 -0.4% 82.61 +1.4%
Share % 18.9% 0.0% 10.7% 17.7%
China 40.90 +4.3% 1.20 +4.3% 16.70 +2.8% 26.48 +5.3%
Share % 7.4% 1.0% 8.6% 5.7%
Russia 32.30 +0.5% 0.00 0.0% 6.80 -1.4% 23.80 +1.2%
Share % 5.9% 0.0% 3.5% 5.1%
Source: USDA, Latest update: 2022-12-21

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 2023 on Jan-Mar 2022
EU-27
+228
-45
+412
-194
-35
New Zealand
+75
-3
-47
+2
+117
USA
+251
+16
+70
+333
-136
Australia
-79
+63
-314
-2
+301
United Kingdom
+51
+149
+25
-2
+177
Uruguay
-21
+7
+42
0
-56
Argentina
-5
-2
-28
+32
-11
Chile
-20
-23
-20
0
-23
TOTAL
+479
+162
+139
+169
+334

Last update: 2023-05-19
(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
(2023-05-26)
OCEANIA
(2023-05-26)
EU¹
(2023-05-24)
GDT²
(2023-05-16)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.257 -3,7% 4.475 -3,8% 4.382 -15,6% 4.474 -6,4%
BUTTER 5.357 -1,2% 5.063 +1,8% 4.985 +1,0% 5.019 +1,6%
SMP 2.579 0,0% 2.788 -4,7% 2.635 -0,3% 2.743 -0,8%
WMP 4.409 -4,8% 3.250 0,0% 3.762 -0,9% 3.231 +0,6%
WHEY POWDER 717 -7,1%     927 +1,4%    
MILK (US$/100Kg) 46,52 -2,3% 39,17 -3,7% 53,56 -0,7%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Mild Cheddar in the United Kingdom (source: AHDB) and Milk European (EU-27) prices refer to Milk Market Observatory.
² Contract 2 GDT
n.a.: not available

Show/Hide Global Snapshot in €

/Ton US
(2023-05-26)
OCEANIA
(1685052000)
EU¹
(2023-05-24)
GDT²
(2023-05-16)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.034 -3,0% 4.162 -2,5% 4.152 -12,8% 4.114 -5,5%
BUTTER 4.990 -0,5% 4.709 +3,1% 4.625 +2,0% 4.615 +2,5%
SMP 2.399 +0,5% 2.593 -3,5% 2.445 +0,6% 2.522 +0,2%
WMP 4.101 -4,3% 3.023 +1,3% 3.490 0,0% 2.971 +1,5%
WHEY POWDER 666 -6,7%     860 +2,4%    
MILK (€/100Kg) 43,45 -2,2% 36,59 -3,6% 48,83 -3,1%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Mild Cheddar in the United Kingdom (source: AHDB) and Milk European (EU-27) prices refer to 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 22 May 2023 +4,6% -24,0%
      ▸ farm-gate EU (13 country) Apr 2023 -3,8% +11,6%
      ▸ farm-gate USA Mar 2023 -2,2% -15,2%
PDO cheeses…
      ▸ hard Italy 25 May 2023 -0,1% -3,2%
      ▸ semi-hard Italy 22 May 2023 -0,1% +19,1%
      ▸ fresh Italy 22 May 2023 0,0% +12,5%
Cheeses Germany and Oceania 26 May 2023 -0,7% -14,1%
Butter Italy, Germany and Oceania 26 May 2023 +2,1% -30,0%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 26 May 2023 -0,2% -34,9%
Whey powder Germany and USA 26 May 2023 -3,2% -47,2%
Corn Italy and USA 25 May 2023 -2,7% -19,2%
Soybeans Italy and USA 25 May 2023 -2,6% -21,7%
Oil Europe 19 May 2023 -0,4% -32,9%
Retail price
PDO hard cheeses Italy Mar 2023 -0,3% +10,4%
Fresh cheeses Italy Mar 2023 +1,1% +25,1%
Butter Italy Mar 2023 -1,4% +20,2%
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: Jan 31, 2023 653.643 tons (-0.3% on Dec 31, 2022; -0.3% on Jan, 2022)
    · EU-27
    Consumption (Production + Import - Export): Feb 28,2023 0 tons (-23,7% on Jan 31, 2023; -27,6% on Feb, 2022)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Apr 30, 2023 1.939.094 number of wheels (-4,3% on 31 Mar 2023; -0,9% on Apr, 2022)
    - Total: Apr 30, 2023 5.977.215 number of wheels (+3,1% on 31 Mar 2023; +2,8% on Apr, 2022)

  • DRY WHEY Stocks
    · US Stock: Mar 31, 2023 30.623 tons (-2.1% rispetto a Feb 28, 2023; -2.1% rispetto a Mar, 2022)

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** 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

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

CLAL focus on: Belsagio Mezzano

Name:
Belsagio Mezzano
Company:
Sachsenmilch Leppersdorf GmbH
Base:
Leppersdorf (Germany)
Establishment year:
1991
Products:
Naturally-matured cheese, cheese blocks and cubes, cheese slices and portions

Belsagio is a cheese which is matured ca. 12 weeks on spruce wood boards and has an intensive and irresistible taste.

Belsagio is a new cheese which was arisen from the cheese tradition, passion and experience of our cheese masters. They have produced a cheese with an incomparable taste which is close to the Italian cheese flavour. Belsagio is a new proposal for your counter to offer a unique taste through a high quality cheese.

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