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...

visit the page »« back to main chart

Related Charts

Market News

World

Russia: Milk Production	In aumento	+1,63%
US: Cheese 40# Blocks price	In calo	-2,76%
US: Butter, Grade AA price	In calo	-5,95%
Australia: Whole Milk Powder (WMP) Prod.	In calo	-17,99%
Australia: Skim Milk Powder (SMP) Prod.	In aumento	+37,33%
Australia: Cheese Production	In aumento	+3,72%

Europe

Western Europe: Whey Powder Sweet price	In aumento	+3,13%
Western Europe: WMP price	In aumento	+0,74%
Western Europe: Butter price (82%)	In aumento	+1,20%
Germany: Sweet Whey feed quality price	In aumento	+2,86%
Germany: Skim Milk Powder feed price	In aumento	+0,99%
Germany: Sweet Whey, food quality price	In calo	-1,23%

Italy

IT, Parma: Parmig. Regg. PDO (15 months) price	In aumento	+1,12%
IT, Parma: Parmig.Regg. (24 months) price	In aumento	+0,92%
IT, Parma: Parmig. PDO Regg. (18 months) price	In aumento	+1,00%
IT, Parma: Parmig. Regg. PDO (30 months) price	In aumento	+0,84%
IT,Reggio Emilia: Parmig. Regg. (24 months) price	In aumento	+0,95%
IT, Milan: Spot milk price	In calo	-1,43%

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% +1.843	-17,6% -68	-1,8% -233	+0,2% +165	+1.842
New Zealand	-0,1% -5	+4,5% +4	-4,4% -508	+1,4% +13	+495
USA	+1,8% +1.065	-1,2% -11	+19,7% +1.222	+1,1% +591	-759
Belarus	+5,4% +235	+6,2% +2	+9,3% +208	-1,6% -26	+55
Australia	+5,1% +225	+10,5% +81	-8,2% -170	-0,5% -18	+495
Uruguay	+4,9% +52	+12,5% +3	-1,8% -14	0% 0	+69
Argentina	+9,0% +473	-72,2% -22	+42,9% +197	+5,3% +179	+75
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%* +3.718	*+5,9%* +140	*+1,7%* +608	*+0,6%* +915	+2.335
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% +841	+15,2% +87	+9,2% +1.848	+0,9% +1.402	-2.322
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%* -211	*+9,3%* +363	*+4,6%* +2.737	*+1,0%* +2.698	-5.283
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	+0,7% +6	-62,5% -2	-15,9% -82	-8,2% -33	+119
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	*+1,2%* +17	*+1,2%* +0	*-0,5%* -6	*+1,8%* +11	+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 »

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	+11
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	+6,6% +26	-92,2% -4	+15,1% +22	-3,6% -9	+9
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	*+5,2%* +24	*+47,1%* +13	*-1,5%* -15	*-4,0%* -12	+64
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	+1,9% +15	+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	+1,4% +17	-81,8% -8	+63,8% +57	+0,2% +2	-50
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	*+3,2%* +53	*-2,6%* -2	*+6,4%* +24	*+0,8%* +13	+15
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	+4,5% +97	-33,1% -7	+36,1% +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	+2,2% +104	-2,6% -1	+9,2% +39	+0,6% +26	+38
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%* +130	*-4,4%* -7	*+3,0%* +26	*+1,1%* +85	+11
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% +81	+6,8% +4	+5,6% +47	+0,7% +66	-28
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%* +124	*+2,3%* +8	*+3,6%* +60	*+1,0%* +151	-79
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 (2020-09-25)		OCEANIA (2020-09-25)		EU¹ (2020-09-23)		GDT² (2020-09-15)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	5.633	-2,8%	3.675	+4,3%	3.224	+1,0%	3.645	+5,9%
BUTTER	3.312	-5,9%	3.325	-4,7%	4.109	-1,3%	3.325	+0,5%
SMP	2.326	+1,4%	2.950	+9,3%	2.583	-1,3%	2.839	+3,8%
WMP	3.748	0,0%	3.000	+3,0%	3.287	-1,3%	3.003	+3,1%
WHEY POWDER	705	+5,8%			974	-1,9%
MILK (US$/100Kg)	45,19	+13,3%	32,31	-5,7%	37,28	+2,8%
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 (2020-09-25)		OCEANIA (1600984800)		EU¹ (2020-09-23)		GDT² (2020-09-15)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.837	-1,5%	3.159	+6,2%	3.224	+1,0%	3.069	+6,5%
BUTTER	2.845	-4,7%	2.858	-2,9%	3.500	0,0%	2.800	+1,0%
SMP	1.999	+2,9%	2.536	+11,3%	2.200	0,0%	2.391	+4,4%
WMP	3.221	+1,4%	2.579	+4,9%	2.800	0,0%	2.529	+3,7%
WHEY POWDER	606	+7,3%			830	-0,6%
MILK (€/100Kg)	39,43	+11,2%	28,71	-8,7%	32,52	+0,9%
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	21 Sep 2020	-0,1%	-17,7%
▸ farm-gate	EU (13 country)	Aug 2020	+0,9%	-3,3%
▸ farm-gate	USA	Jul 2020	+11,2%	+7,3%
PDO cheeses…
▸ hard	Italy	24 Sep 2020	+0,3%	-17,8%
▸ semi-hard	Italy	21 Sep 2020	0,0%	+2,1%
▸ fresh	Italy	21 Sep 2020	0,0%	+1,8%
Cheeses	Germany and Oceania	25 Sep 2020	-0,8%	-4,3%
Butter	Italy, Germany and Oceania	25 Sep 2020	-0,9%	-11,0%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	25 Sep 2020	+2,4%	-1,1%
Whey powder	Germany and USA	25 Sep 2020	+4,5%	-0,5%
Corn	Italy and USA	22 Sep 2020	-0,1%	-11,8%
Soybeans	Italy and USA	22 Sep 2020	+1,9%	+6,4%
Oil	Europe	18 Sep 2020	+3,3%	-37,8%
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: +2,1% (Jan'20 - Aug'20)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries +11,10% (May'20 - Jun'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: Jul 31, 2020 65.614 tons (+3.3% on Jun 30, 2020; > +1,000.0% on Jul, 2019)
- Consumption (Production + Import - Export): Jul 31,2020: 163.060 tons (-2,7% on Jun 30, 2020; -0,2% on Jul, 2019)

SMP Stocks
· US Stocks: Jul 31, 2020 140.447 tons (+7.1% on Jun 30, 2020; +6.0% on Jul, 2019)
· EU-28
- Public Stocks: Jul 31, 2020 18.524 tons (-5.7% on Jun 30, 2020; > +1,000.0% on Jul, 2019)
- Consumption (Production + Import - Export): Jul 31,2020 53.902 tons (-16,4% on Jun 30, 2020; +55,8% on Jul, 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): Jul 31,2020 0 tons (-16,4% on Jun 30, 2020; +55,8% on Jul, 2019)
· ITALY

Grana Padano Stocks:
- Marked PDO: Aug 31, 2020 1.714.968 number of wheels (-0,5% on 31 Jul 2020; +2,4% on Aug, 2019)
- Total: Aug 31, 2020 5.895.497 number of wheels (-0,8% on 31 Jul 2020; +3,2% on Aug, 2019)

DRY WHEY Stocks
· US Stock: Jul 31, 2020 38.322 tons (-0.1% rispetto a Jun 30, 2020; +24.9% rispetto a Jul, 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.

▸ New Zealand Bulk and Packed Milk Export: -8,1% (Aug '20) **
▸ Malaysia Cream Import: -34,3% (Jun '20) **
▸ New Zealand Cheese Export: +32,4% (Aug '20) **
▸ New Zealand WMP Export: +46,1% (Aug '20) **

Show/Hide all ALERT

▸ Switzerland Cream Export: -25,7% (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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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
Milk production rises in New Zealand in the new season [News Oceania n°12/2020]
Period: August 3 – 28, 2020 In Australia, the agricultural year July 2019 – June 2020 ended with a substantially stable milk ... read
Less milk available for processing companies [News South America n°11/2020]
Period: June 23 – July 17, 2020 Brazil+9.8% farmgate milk price June 2020 In Brazil, Milk production is decreasing. The lack of rains ... read

GlobalDairyTrade results of September 15, 2020

Change in Price Index from Previous Event: +3,6 %
Average Winning Price: 3.092 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	3.910	+2,0 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	3.282	-1,4 %
RENNET CASEIN	n.a.	-
CHEDDAR	3.674	+7,2 %
LACTOSE	1.277	-2,7 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.889	+8,4 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	2.985	+3,2 %

Next GlobalDairyTrade Event: October 06, 2020

ITALY: Import/Export as of June 30, 2020

Exports of G.Padano + P.Reggiano:	+0,61 %
Exports of Gorgonzola:	+3,18 %
Exports of Grated cheese:	+6,22 %

Imports of Full-fat bulk milk:	-10,27 %
Imports of Packed semi-skimmed milk:	+0,34 %

Next Update: October 16, 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: 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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Agricultural Market Feed

IT, Milan: Italian Soybeans flour price	In aumento	+4,25%
IT, Milan: Hard wheat (North Italy) price	In calo	-1,02%
IT, Milan: Italian Sorghum price	In calo	-2,22%
IT, Milan: Hard wheat (Center Italy) price	In calo	-0,99%
IT, Milan: linseed cake price	In aumento	+1,68%
IT, Milan: Pressed forst corp hay price	In aumento	+3,16%
IT, Milan: Foreign soybeans price	In aumento	+3,15%
IT, Milan: EU barley price	In aumento	+1,10%
US: Corn price	In calo	-2,17%
US: Wheat Soft red	In calo	-0,80%
US: Soybean meal high	In calo	-0,39%

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	46%
Simulated Feed Ration (vs prev month)	-1.26%
Milk:Feed Ratio	1.56

Prices of Fertilizers

I - Modena, Triple superphosphate granular 46%	Stabile	395	€/ton	0.00%
I - Modena, Ammonium nitrate prilled 26%	Stabile	257	€/ton	0.00%
I - Modena, Urea prilled 46%	Stabile	393	€/ton	0.00%