CLAL - Advisory in Dairy and Food Product

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China: recovery after lockdown and trade agreements with the U.S.

This edition of CLAL Lens aims to quantify:

the recovery of China’s imports after the lockdown implemented to face the spread of Coronavirus, and
the effect of the recent trade agreements with the United States

The information is reported both in terms of volumes and value, with real-time updates.

Check out the China imports with breakdown by dairy product >

Flash Bulletins on the Dairy Market

Reports on specific topics to find engaging answers to market questions

Flash Bulletins on the Dairy Market

Reports on specific topics to find engaging answers to market questions.

November 30, 2018

August 31, 2018

A new Flash Bulletin will be available soon...

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Related Charts

Market News

World

Russia: Milk Production	In aumento	+1,78%
Uruguay: Farm gate milk price	In aumento	+4,86%
Uruguay: Milk Delivery	In aumento	+5,39%
New Zealand: Milk Production	In aumento	+1,65%
US: Cow's milk production	In aumento	+2,35%
Russia: Farm gate milk price	In aumento	+1,87%

Europe

EU: SMP stock (ton)	In calo	-5,45%
EU: Butter stock (ton)	In calo	-15,97%
Germany: Sweet Whey, food quality price	In calo	-1,18%
DE, Kempten: Emmentaler price	In aumento	+20,83%
Germany: Skim Milk Powder feed price	In aumento	+0,48%
Netherlands: Skim Milk Powder (Adpi-SMP) price	In calo	-0,46%

Italy

IT, Mantua: Grana Padano PDO (10 months) price	In aumento	+1,52%
IT, Mantua: Grana Padano PDO (14-16 months) price	In aumento	+1,23%
IT,Reggio Emilia: Parmig. Regg. (24 months) price	In aumento	+2,27%
IT, Milan: Parm Reg. PDO (30 months) price	In aumento	+2,53%
IT, Milan: Parm Regg PDO (18 mo.) price	In aumento	+2,96%
IT, Milan: Grana Padano RISERVA PDO (20 months) price	In aumento	+1,11%

click to see the
AGRICULTURAL MARKET News:
PRICES of FEED and FERTILIZERS

Information Note

Market News evidences only the changes; should no price change or no quotation take place, any mention will be made.
The change/variation concerning PRODUCTION/OUTPUT quantity refers to the same period of the previous year.
The change/variation concerning STOCK quantity refers to the previous month.
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.

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-Jul 2020 on Jan-Jul 2019
EU-28	+1,9% +1.825	-17,5% -68	-1,8% -235	+0,2% +165	+1.827
New Zealand	-0,1% -5	+4,5% +4	-4,4% -508	+1,4% +13	+495
USA	+1,8% +1.061	-1,2% -11	+19,7% +1.222	+1,1% +591	-764
Belarus	+5,4% +235	+6,2% +2	+9,3% +208	-1,6% -26	+55
Australia	+5,1% +225	+10,5% +81	-8,4% -174	-0,5% -18	+499
Uruguay	+4,9% +52	+12,5% +3	-1,9% -15	0% 0	+70
Argentina	+9,0% +473	-72,2% -22	+43,8% +202	+5,3% +179	+70
Ukraine	-4,2% -241	+152,8% +150	-36,6% -96	+0,2% +11	-6
Chile	+6,3% +71	+4,0% +0	+6,2% +2	0% 0	+69
TOTAL	*+2,0%* +3.695	*+5,9%* +141	*+1,7%* +606	*+0,6%* +915	+2.315
Last update: 2020-09-26 (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-28: Eurostat, FEGA, DEFRA, AGEA, Zuivel; 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: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: FAS-USDA 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 »

Milk Equivalent ('000 Ton)	Δ Milk P.	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
EU-28	+0,5% +847	+15,2% +87	+9,3% +1.848	+0,9% +1.402	-2.317
New Zealand	-0,7% -160	+26,4% +40	+9,0% +1.587	+1,7% +27	-1.734
USA	+0,4% +369	+4,2% +71	-0,6% -65	+1,3% +1.130	-625
Belarus	+0,7% +49	+1,9% +1	+5,0% +190	+5,6% +143	-282
Australia	-6,5% -620	+6,3% +76	-11,6% -447	+1,0% +66	-162
Uruguay	-4,5% -96	-0,4% -0	-3,4% -52	0% 0	-44
Argentina	-1,8% -177	-4,8% -2	-20,8% -303	-3,4% -206	+331
Ukraine	-3,9% -388	+63,3% +87	-4,0% -15	+1,9% +152	-438
Chile	-1,4% -31	+26,3% +3	-10,4% -6	-3,0% -16	-6
TOTAL	*-0,1%* -206	*+9,3%* +363	*+4,6%* +2.737	*+1,0%* +2.698	-5.278
Last update: 2020-09-26 (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-28: Eurostat, FEGA, DEFRA, AGEA, Zuivel; 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: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: FAS-USDA 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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2020 on Jan-Jun 2019
EU-28	+0,6% +5	-62,5% -2	-16,0% -82	-8,2% -33	+118
USA	+3,4% +19	+6,5% +0	+25,0% +82	+21,0% +43	-106
New Zealand	0% 0	+50,3% +1	+1,2% +2	0% 0	-2
Australia	-15,9% -8	+21,7% +2	-10,8% -8	+6,7% +2	+0
TOTAL	*+1,1%* +16	*+1,2%* +0	*-0,5%* -6	*+1,8%* +11	+10
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, data estimated by CLAL; New Zealand: The Data are calculated by applying the incidence of WMP export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
EU-28	-0,8% -12	+62,2% +2	+17,9% +146	-17,0% -167	+12
USA	+3,7% +39	-56,0% -1	-1,5% -11	+10,2% +38	+11
New Zealand	0% 0	+47,6% +1	+4,1% +15	+20,0% +1	-14
Australia	-25,5% -51	+14,3% +2	-17,7% -27	-6,3% -3	-19
TOTAL	*-0,9%* -24	*+22,6%* +5	*+6,0%* +123	*-9,3%* -131	-11
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, data estimated by CLAL; New Zealand: The Data are calculated by applying the incidence of WMP export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

WMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2020 on Jan-Jun 2019
New Zealand	0% 0	-19,9% -0	-4,6% -37	-8,7% -1	+38
EU-28	+7,3% +29	-92,2% -4	+15,1% +22	-3,6% -9	+12
USA	-22,3% -9	+127,1% +8	+32,9% +5	-4,3% -2	-5
Australia	+42,3% +6	+60,5% +10	-20,9% -5	-5,4% -1	+22
TOTAL	*+5,8%* +26	*+47,1%* +13	*-1,5%* -15	*-4,0%* -12	+66
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, BLE, data estimated by CLAL; New Zealand: The Data are calculated by applying the incidence of WMP export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

WMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
New Zealand	0% 0	+108,9% +2	+12,2% +167	+15,0% +3	-168
EU-28	+2,0% +16	+194,6% +3	-10,9% -37	+11,0% +48	+8
USA	-2,2% -1	+62,4% +5	-18,4% -9	+35,3% +18	-5
Australia	-40,3% -25	+31,8% +9	-24,0% -13	+5,7% +2	-5
TOTAL	*-1,2%* -11	*+48,8%* +20	*+6,0%* +108	*+13,1%* +71	-170
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, BLE, data estimated by CLAL; New Zealand: The Data are calculated by applying the incidence of WMP export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

BUTTER ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2020 on Jan-Jun 2019
New Zealand	0% 0	-65,1% -0	-9,4% -24	+3,4% +1	+23
EU-28	+2,0% +23	-81,8% -8	+63,7% +57	+0,2% +2	-44
USA	+7,0% +34	+9,1% +3	-19,2% -3	+2,5% +11	+28
Australia	+18,6% +3	+19,7% +4	-54,2% -6	-4,4% -1	+14
TOTAL	*+3,5%* +60	*-2,6%* -2	*+6,4%* +24	*+0,8%* +13	+21
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat; New Zealand: The Data are calculated by applying the incidence of BUTTER export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

BUTTER ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
New Zealand	0% 0	+35,6% +0	+1,7% +8	+3,6% +1	-9
EU-28	+4,4% +97	-33,1% -7	+36,0% +57	+1,3% +27	+6
USA	+1,3% +12	+17,4% +10	-36,6% -19	+4,4% +38	+3
Australia	-23,4% -12	-3,1% -1	+6,8% +1	-1,7% -1	-13
TOTAL	*+3,1%* +97	*+1,9%* +2	*+6,9%* +47	*+2,2%* +65	-13
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat; New Zealand: The Data are calculated by applying the incidence of BUTTER export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

CHEESE ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2020 on Jan-Jun 2019
EU-28	+2,1% +103	-2,5% -1	+9,2% +39	+0,6% +26	+37
USA	+0,6% +19	-8,9% -7	+0,1% +0	+1,9% +56	-44
New Zealand	0% 0	-6,3% -0	-6,3% -11	+5,3% +1	+10
Australia	+4,2% +7	+1,5% +1	-2,6% -2	+1,6% +3	+7
TOTAL	*+1,6%* +128	*-4,4%* -7	*+3,0%* +26	*+1,1%* +85	+10
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, CSO, data estimated by CLAL; New Zealand: The Data are calculated by applying the incidence of CHEESE export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

CHEESE ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
EU-28	+0,9% +83	+6,8% +4	+5,6% +47	+0,7% +66	-26
USA	+0,8% +45	+2,4% +4	+3,4% +12	+1,3% +76	-38
New Zealand	0% 0	+9,0% +1	+4,0% +13	-5,0% -2	-10
Australia	-0,7% -3	-1,5% -1	-7,0% -12	+3,7% +11	-3
TOTAL	*+0,8%* +125	*+2,3%* +8	*+3,6%* +60	*+1,0%* +151	-78
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, CSO, data estimated by CLAL; New Zealand: The Data are calculated by applying the incidence of CHEESE export on Total Dairy export to the annual production data (Source: FAS-USDA). The same calculation is used also to the current year data, applying the incidence calculated for the previous year. US: National Agricultural Statistics Service; Australia: Dairy Australia; Import/Export: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 (2020-10-16)		OCEANIA (2020-10-09)		EU¹ (2020-10-21)		GDT² (2020-10-20)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	5.997	+2,7%	3.763	+2,4%	3.224	+1,0%	3.765	+0,0%
BUTTER	3.329	+6,9%	3.488	+4,9%	4.104	+0,2%	3.670	+4,7%
SMP	2.469	-0,4%	3.038	+3,0%	2.610	+0,2%	2.795	-0,5%
WMP	3.638	0,0%	3.038	+1,3%	3.330	+0,2%	3.017	-0,3%
WHEY POWDER	772	+4,5%			957	-1,0%
MILK (US$/100Kg)	41,45	-8,3%	32,31	-5,7%	38,73	+3,8%
Change from previous price ¹ Prices refer to Germany. Cheese and Milk European prices refer to Milk Market Observatory. ² Contract 2 GDT n.a.*: not available

Show/Hide Global Snapshot in €

/Ton	US (2020-10-16)		OCEANIA (1602194400)		EU¹ (2020-10-21)		GDT² (2020-10-20)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	5.126	+3,3%	3.198	+1,2%	3.224	+1,0%	3.195	-0,1%
BUTTER	2.846	+7,5%	2.964	+3,7%	3.475	0,0%	3.114	+4,5%
SMP	2.103	-0,2%	2.582	+1,8%	2.210	0,0%	2.372	-0,6%
WMP	3.098	+0,2%	2.582	+0,1%	2.820	0,0%	2.560	-0,4%
WHEY POWDER	657	+4,7%			810	-1,2%
MILK (€/100Kg)	35,04	-11,1%	28,71	-8,7%	32,74	+0,6%
Change from previous price ¹ Prices refer to Germany. Cheese and Milk European 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	19 Oct 2020	+0,1%	-17,6%
▸ farm-gate	EU (13 country)	Sep 2020	+1,0%	-2,2%
▸ farm-gate	USA	Aug 2020	-11,1%	-6,4%
PDO cheeses…
▸ hard	Italy	22 Oct 2020	+2,2%	-10,2%
▸ semi-hard	Italy	19 Oct 2020	0,0%	+1,9%
▸ fresh	Italy	19 Oct 2020	0,0%	0,0%
Cheeses	Germany and Oceania	21 Oct 2020	+6,2%	-1,4%
Butter	Italy, Germany and Oceania	21 Oct 2020	+1,1%	-9,3%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	21 Oct 2020	-0,4%	-5,5%
Whey powder	Germany and USA	21 Oct 2020	+2,2%	+3,2%
Corn	Italy and USA	20 Oct 2020	-0,8%	-9,4%
Soybeans	Italy and USA	20 Oct 2020	+0,8%	+9,5%
Oil	Europe	16 Oct 2020	+0,6%	-30,3%
Retail price
PDO hard cheeses	Italy	Aug 2020	+1,5%	-5,1%
Fresh cheeses	Italy	Aug 2020	+0,7%	+0,1%
Butter	Italy	Aug 2020	+1,4%	-4,3%

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

Global Milk Supply in the Key Exporters of Dairy Products: +1,9% (Jan'20 - Sep'20)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries +9,10% (Jul'20 - Aug'20)

BUTTER Stocks
· US Stocks: Aug 31, 2020 168.611 tons (+0.1% on Jul 31, 2020; +22.1% on Aug, 2019)
· EU-28

- Public Stocks: Sep 30, 2020 53.521 tons (-16.0% on Aug 31, 2020; > +1,000.0% on Sep, 2019)
- Consumption (Production + Import - Export): Aug 31,2020: 154.607 tons (-6,3% on Jul 31, 2020; +1,3% on Aug, 2019)

SMP Stocks
· US Stocks: Aug 31, 2020 122.758 tons (-13.1% on Jul 31, 2020; +0.4% on Aug, 2019)
· EU-28
- Public Stocks: Sep 30, 2020 17.133 tons (-5.4% on Aug 31, 2020; > +1,000.0% on Sep, 2019)
- Consumption (Production + Import - Export): Aug 31,2020 48.119 tons (-10,8% on Jul 31, 2020; +42,1% on Aug, 2019)

CHEESE Stocks
· US Stocks: Aug 31, 2020 625.210 tons (-1.0% on Jul 31, 2020; +1.0% on Aug, 2019)
· EU-28
Consumption (Production + Import - Export): Aug 31,2020 0 tons (-10,8% on Jul 31, 2020; +42,1% on Aug, 2019)
· ITALY

Grana Padano Stocks:
- Marked PDO: Sep 30, 2020 1.756.167 number of wheels (+2,4% on 31 Aug 2020; +4,3% on Sep, 2019)
- Total: Sep 30, 2020 5.789.137 number of wheels (-1,8% on 31 Aug 2020; +2,8% on Sep, 2019)

DRY WHEY Stocks
· US Stock: Aug 31, 2020 38.918 tons (+1.5% rispetto a Jul 31, 2020; +18.2% rispetto a Aug, 2019)

CLALenter

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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 Cheese, Butter, Powder and Packed Milk import and export flows of the main dairy players.

▸ EU-28 Milk in packings of > 2 L Export: +65,3% (Aug '20) **
▸ Italy Cream Export: +86,9% (Jul '20) **
▸ EU-28 Milk in packings of <= 2 L Export: +4,7% (Aug '20) **

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

** 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.

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Milk delieveries are increasing in South America [News South America n°13/2020]
Period: August 31 – September 25, 2020 In South America farm milk production and cow’s productivity are improving, thanks to the ... read
New Zealand: rising WMP exports to China [News Oceania n°13/2020]
Period: August 31 – September 25, 2020 Milk production in Australia in July is up by +2.9% compared to July 2019. Many farms have ... read
Argentina: higher margins for Dairy farmers [News South America n°12/2020]
Period: August 3 – 28, 2020 In Argentina, Uruguay and Chile, Milk production continues to increase mainly due to improved weather ... read

GlobalDairyTrade results of October 20, 2020

Change in Price Index from Previous Event: +0,4 %
Average Winning Price: 3.159 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	4.110	-0,5 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	3.678	+3,3 %
RENNET CASEIN	n.a.	-
CHEDDAR	3.803	+3,0 %
LACTOSE	1.087	-8,0 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.851	-0,2 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	3.037	+0,3 %

Next GlobalDairyTrade Event: November 03, 2020

ITALY: Import/Export as of July 31, 2020

Exports of G.Padano + P.Reggiano:	+1,96 %
Exports of Gorgonzola:	+4,44 %
Exports of Grated cheese:	+5,97 %

Imports of Full-fat bulk milk:	-17,46 %
Imports of Packed semi-skimmed milk:	-1,30 %

Next Update: November 17, 2020

December 2019: Quarterly Macroeconomic Outlook
Macroeconomic Outlook edited by the Research Department of Intesa Sanpaolo Group, Italy

a new project: Sistema Stalla

Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Brazzale Spa

Name:: Burro delle Alpi - Butter of the Alps

Company:: Brazzale S.p.A.
Base:: Zanè (VI), Italy
Establishment year:: 1837
Market:: 54+ countries over the world

Products:: butter, cheese, meat

Brazzale S.p.A., family business operating from 1837 between the Veneto plain and Asiago tableland, registered address in Zanè (Vicenza), has reached a leading position in Italy in the market of packed butter, both with its brand "Burro delle Alpi" and third's ones.

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Agricultural Market Feed

IT, Milan: Pressed forst corp hay price	In aumento	+1,60%
IT, Milan: Bran price	In aumento	+9,52%
IT, Milan: Hard wheat (Center Italy) price	In aumento	+0,66%
IT, Milan: Italian Sorghum price	In aumento	+1,70%
IT, Milan: Hard wheat (North Italy) price	In aumento	+0,68%
IT, Milan: Italian Soybeans flour price	In aumento	+5,12%
IT, Milan: Italian Corn price	In aumento	+2,29%
IT, Milan: linseed cake price	In aumento	+2,67%
IT, Milan: Foreign soybeans price	In aumento	+1,25%
IT, Milan: Italian soybeans price	In aumento	+1,80%
IT, Milan: EU barley price	In aumento	+2,69%
IT, Milan: Italian higher common wheat price	In aumento	+1,90%

Information Note

Market News evidences only the changes; should no price change or no quotation take place, any mention will be made.
The change/variation concerning PRODUCTION/OUTPUT quantity refers to the same period of the previous year.
The change/variation concerning STOCK quantity refers to the previous month.
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.

Feed Cost

Weight of the Protein Component	49%
Simulated Feed Ration (vs prev month)	+5.38%
Milk:Feed Ratio	1.47

Prices of Fertilizers

I - Modena, Triple superphosphate granular 46%	Stabile	356	€/ton	0.00%
I - Modena, Ammonium nitrate prilled 26%	In aumento	255	€/ton	+13,33%
I - Modena, Urea prilled 46%	Stabile	393	€/ton	0.00%