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Market News

World

US: Acid Casein price In calo -2,67%
US: Whey Protein Concentrate (34%) price In aumento +2,78%
US: Nonfat Dry Milk Price In calo -0,71%
Argentina: Farm gate milk price In aumento +1,12%
Malaysia: Palm oil price In calo -3,99%
Chile: Farm gate milk price In calo -2,45%

Europe

Poland: Butter price (82%) In calo -2,03%
Czech Republic: Farm gate milk price In aumento +2,42%
Hungary: Farm gate milk price In aumento +5,59%
Netherlands: Skim Milk Powder feed price In calo -1,96%
Netherlands: Butter price (82%) In calo -2,05%
France: SMP price (Poudre 0%) In aumento +0,42%

Italy

IT, Parma: Churned butter price In calo -1,83%
IT, Parma: Parmig. Regg. PDO (30 months) price In aumento +1,40%
IT, Parma: Parmig.Regg. (24 months) price In aumento +1,44%
IT, Parma: Parmig. PDO Regg. (18 months) price In aumento +1,12%
IT, Parma: Parmig. Regg. PDO (15 months) price In aumento +0,79%
IT, Parma: Parmig.Regg. (12 months) price In aumento +0,41%
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.

Processing input costs

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Milk - Balance sheet in Mio Tons | Year 2024 (Forecast made in July)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 552.02+0.2% 119.11+2.2% 195.82+0.7% 470.50+0.5%
India 99.50 +0.5% 110.70 +2.4% 89.00 +2.2% 121.18 +1.0%
Share % 18.0% 92.9% 45.4% 25.8%
EU-27 145.30 +0.0% 4.08 -0.2% 23.65 -0.2% 125.26 +0.1%
Share % 26.3% 3.4% 12.1% 26.6%
United States 102.92 +0.2% 0.00 0.0% 20.40 -1.2% 81.89 +0.6%
Share % 18.6% 0.0% 10.4% 17.4%
China 42.50 +1.3% 1.00 +2.0% 16.70 +1.2% 27.52 +1.0%
Share % 7.7% 0.8% 8.5% 5.8%
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: 2024-07-24

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-Sep 2024 on Jan-Sep 2023
EU-27
+601
+121
-940
-218
+1.880
New Zealand
+127
-54
+61
0
+12
USA
-203
+179
+204
+983
-1.210
Australia
+200
-108
+597
+149
-654
United Kingdom
+19
+138
-86
-82
+325
Argentina
-812
-14
+217
-558
-486
Uruguay
-72
-8
-11
0
-69
Chile
+43
-1
+62
+6
-27
TOTAL
-97
+253
+105
+280
-229

Last update: 2024-12-13
(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
(2024-12-13)
OCEANIA
(2024-12-06)
EU¹
(2024-12-11)
GDT²
(2024-12-03)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.748 +3,5% 4.738 -1,8% 4.529 -0,4% 4.645 -3,8%
BUTTER 5.611 +2,1% 6.838 -3,4% 8.580 +0,1% 6.664 -4,4%
SMP 3.053 -0,4% 2.888 -0,4% 2.721 -2,3% 2.825 -1,1%
WMP 4.982 +0,4% 3.925 +4,7% 4.621 -0,9% 3.965 +3,9%
WHEY POWDER 1.554 +8,9%     1.158 +0,1%    
MILK (US$/100Kg) 55,56 -1,2% 43,94 +3,2% 55,63 -1,3%    
*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
(2024-12-13)
OCEANIA
(1733439600)
EU¹
(2024-12-11)
GDT²
(2024-12-03)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.556 +3,3% 4.477 -3,4% 4.280 -0,6% 4.421 -3,3%
BUTTER 5.323 +1,9% 6.462 -4,9% 8.150 0,0% 6.342 -4,0%
SMP 2.903 +0,2% 2.729 -2,0% 2.585 -2,5% 2.689 -0,6%
WMP 4.737 +1,0% 3.709 +3,0% 4.390 -1,0% 3.774 +4,3%
WHEY POWDER 1.478 +9,5%     1.100 0,0%    
MILK (€/100Kg) 50,95 +0,7% 40,30 +5,1% 52,33 +1,2%    
*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 9 Dec 2024 -3,1% +22,3%
      ▸ farm-gate EU (13 country) Nov 2024 +6,4% +18,7%
      ▸ farm-gate USA Oct 2024 +0,7% +13,5%
  PDO cheeses…
      ▸ hard Italy 12 Dec 2024 +0,9% +20,3%
      ▸ semi-hard Italy 9 Dec 2024 +0,2% +5,0%
      ▸ fresh Italy 9 Dec 2024 0,0% +5,0%
Cheeses Germany and Oceania 11 Dec 2024 -0,9% +23,0%
Butter Italy, Germany and Oceania 11 Dec 2024 -1,9% +45,0%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 13 Dec 2024 -1,4% +5,1%
Whey powder Germany and USA 13 Dec 2024 +5,8% +46,9%
  Feed input
      ▸ Corn Italy and USA 12 Dec 2024 +0,8% -2,0%
      ▸ Soybeans Italy and USA 12 Dec 2024 -1,0% -14,7%
      ▸ GMO Soybean Meal Italy 12 Dec 2024 -2,1% -32,8%
Oil Europe 6 Dec 2024 -0,3% -2,6%
Retail price
PDO hard cheeses Italy Oct 2024 +1,0% +5,5%
Fresh cheeses Italy Oct 2024 -1,5% -1,7%
Butter Italy Oct 2024 +2,5% +12,4%
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: Oct 31, 2024 609.012 tons (-1.9% on Sep 30, 2024; -8.0% on Oct, 2023)
    · EU-27
    Consumption (Production + Import - Export): Sep 30,2024 0 tons (+10,4% on Aug 31, 2024; +119,6% on Sep, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Nov 30, 2024 1.741.177 number of wheels (+1,0% on 31 Oct 2024; +0,9% on Nov, 2023)
    - Total: Nov 30, 2024 5.845.644 number of wheels (-0,9% on 31 Oct 2024; +2,5% on Nov, 2023)

  • DRY WHEY Stocks
    · US Stock: Oct 31, 2024 22.921 tons (-9.4% rispetto a Sep 30, 2024; -32.9% rispetto a Oct, 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: Valcolatte

Name:
Mozzarella Bocconcino Valcolatte
Company:
Valcolatte
Base:
Pontenure (PC), Italy
Personnel:
300 persons
Establishment year:
1988
Products:
ricotta, mozzarella, provolone, PDO cheeses, stracchino, butter, mascarpone


Mozzarella Valcolatte Bocconcino with milk enzymes is available in packs of 100 g or 125 g.

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

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