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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Market News

World

Australia: Milk delivery	In calo	-0,26%
Australia: Whole Milk Powder (WMP) Prod.	In calo	-17,99%
Australia: Cheese Production	In aumento	+3,72%
Australia: Skim Milk Powder (SMP) Prod.	In aumento	+37,33%
Australia: Butter Production	In aumento	+9,92%
US: Cheese 40# Blocks price	In calo	-4,56%

Europe

EU-28: Farm-gate milk prices	In aumento	+1,30%
Romania: Farm gate milk price	In aumento	+1,42%
Poland: Butter price (82%)	In calo	-0,07%
France: SMP price	In aumento	+2,00%
France: Butter price (82%)	In aumento	+0,71%
Germany: Sweet Whey feed quality price	In aumento	+2,47%

Italy

IT, Parma: Parmig. Regg. PDO (15 months) price	In aumento	+0,48%
IT, Parma: Parmig.Regg. (12 months) price	In aumento	+0,49%
IT, Parma: Parmig. PDO Regg. (18 months) price	In aumento	+0,46%
IT, Parma: Parmig.Regg. (24 months) price	In aumento	+0,43%
IT: Parmigiano Regg PDO Production	In aumento	+3,04%
IT,Reggio Emilia: Parmig. Regg. (24 months) price	In aumento	+0,40%

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-Oct 2020 on Jan-Oct 2019
EU-28	+1,7% +2.279	-13,9% -75	-3,9% -729	+0,3% +406	+2.527
New Zealand	+0,9% +140	-0,3% -0	-2,8% -405	+0,6% +8	+537
USA	+1,9% +1.584	-4,7% -68	+15,9% +1.440	+1,2% +909	-833
Belarus	+5,2% +321	+12,6% +7	+9,0% +299	-1,5% -34	+62
Australia	+3,7% +260	+7,9% +84	-2,9% -81	+2,7% +148	+277
Uruguay	+5,7% +94	+27,0% +10	+4,3% +51	0% 0	+53
Argentina	+7,5% +609	-69,6% -26	+53,3% +420	+5,3% +278	-115
Ukraine	-4,1% -343	+125,2% +210	-28,1% -99	-3,8% -264	+230
Chile	+6,3% +109	+24,8% +120	-1,3% -2	+12,7% +59	+173
TOTAL	*+1,9%* +5.051	*+6,6%* +263	*+1,8%* +894	*+0,7%* +1.509	+2.911
Last update: 2020-12-25 (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	+0,6% +869	+15,6% +88	+9,2% +1.837	+0,1% +160	-1.039
New Zealand	-0,7% -160	+26,4% +40	+9,0% +1.587	+0,3% +5	-1.712
USA	+0,4% +369	+4,2% +71	-0,6% -65	+1,2% +1.108	-603
Belarus	+0,7% +49	+1,9% +1	+5,0% +190	+6,9% +176	-316
Australia	-6,5% -619	+6,3% +76	-11,6% -447	-2,8% -189	+94
Uruguay	-4,5% -96	-0,4% -0	-3,4% -52	0% 0	-44
Argentina	-1,8% -177	-4,8% -2	-20,8% -303	+4,1% +245	-121
Ukraine	-4,1% -410	+64,7% +89	-2,5% -10	+2,8% +226	-537
Chile	-1,4% -31	-14,7% -96	-2,3% -4	+7,6% +39	-162
TOTAL	*-0,1%* -205	*+5,9%* +267	*+4,6%* +2.734	*+0,7%* +1.771	-4.442
Last update: 2020-12-25 (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-Sep 2020 on Jan-Sep 2019
EU-28	+3,7% +43	-62,3% -3	-14,9% -113	0% 0	+154
USA	+3,9% +32	+39,3% +0	+25,0% +124	-25,1% -80	-12
New Zealand	+1,5% +4	+144,2% +3	-4,8% -12	+57,1% +3	+17
Australia	-13,6% -12	+15,8% +2	+2,3% +2	-2,2% -1	-12
TOTAL	*+2,9%* +68	*+11,7%* +2	*+0,0%* +0	*-7,8%* -77	+147
Last update: 2021-01-13 (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	-1,0% -15	+62,2% +2	+17,8% +146	-15,0% -148	-11
USA	+3,7% +39	-56,0% -1	-1,5% -11	+14,4% +53	-4
New Zealand	-8,8% -36	+47,6% +1	+4,1% +15	+40,0% +2	-51
Australia	-25,5% -51	+14,3% +2	-17,7% -27	-6,3% -3	-19
TOTAL	*-2,0%* -63	*+22,6%* +5	*+6,0%* +122	*-6,8%* -96	-85
Last update: 2021-01-13 (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-Sep 2020 on Jan-Sep 2019
New Zealand	-0,3% -3	-54,4% -2	-0,9% -10	-10,0% -2	+7
EU-28	+1,0% +6	-89,5% -4	+15,3% +35	-5,7% -21	-12
USA	-11,6% -6	+105,9% +10	+0,1% +0	+6,5% +2	+2
Australia	+50,6% +11	+38,7% +10	-19,3% -6	+21,2% +5	+22
TOTAL	*+0,5%* +9	*+33,7%* +14	*+1,5%* +19	*-3,4%* -15	+19
Last update: 2021-01-13 (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	+2,6% +38	+108,9% +2	+12,2% +167	0% 0	-126
EU-28	+1,9% +15	+194,6% +3	-10,9% -36	+12,5% +54	+1
USA	-2,2% -1	+62,4% +5	-18,4% -9	-9,8% -5	+18
Australia	-40,3% -25	+31,8% +9	-24,0% -13	-5,7% -2	-1
TOTAL	*+1,1%* +26	*+48,8%* +20	*+6,0%* +108	*+8,7%* +47	-109
Last update: 2021-01-13 (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-Sep 2020 on Jan-Sep 2019
New Zealand	-7,7% -28	-31,0% -0	-7,7% -25	+3,4% +1	-4
EU-28	+2,0% +35	-76,8% -9	+36,5% +54	-0,2% -3	-26
USA	+6,4% +43	+4,4% +2	-17,2% -4	+5,1% +36	+14
Australia	+16,8% +4	+12,9% +3	-25,9% -4	+3,4% +2	+10
TOTAL	*+1,9%* +54	*-4,4%* -4	*+4,1%* +21	*+1,5%* +35	-6
Last update: 2021-01-13 (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	-4,6% -25	+35,6% +0	+1,7% +8	0% 0	-33
EU-28	+4,1% +90	-35,1% -7	+35,7% +57	+1,3% +27	-0
USA	+1,3% +12	+17,4% +10	-36,6% -19	+4,7% +42	-1
Australia	-23,4% -12	-3,1% -1	+6,8% +1	-9,2% -6	-8
TOTAL	*+1,8%* +65	*+1,6%* +2	*+6,8%* +46	*+2,1%* +63	-43
Last update: 2021-01-13 (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-Sep 2020 on Jan-Sep 2019
EU-28	+1,7% +126	-2,8% -1	+7,4% +48	+0,9% +62	+15
USA	+0,5% +22	-11,1% -15	+2,4% +7	+0,3% +11	-10
New Zealand	-10,1% -26	-20,2% -2	-6,2% -15	0% 0	-13
Australia	+4,3% +11	-1,9% -1	-4,0% -5	+2,7% +6	+8
TOTAL	*+1,1%* +133	*-7,4%* -19	*+2,7%* +35	*+0,7%* +80	-0
Last update: 2021-01-13 (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% +82	+7,1% +4	+5,6% +47	+0,4% +39	+1
USA	+0,8% +45	+2,4% +4	+3,4% +12	+1,4% +77	-39
New Zealand	-1,5% -5	+9,0% +1	+4,0% +13	0% 0	-17
Australia	-0,7% -3	-1,5% -1	-7,0% -12	+1,4% +4	+4
TOTAL	*+0,7%* +120	*+2,3%* +8	*+3,5%* +59	*+0,8%* +120	-52
Last update: 2021-01-13 (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 (2021-01-15)		OCEANIA (2021-01-08)		EU¹ (2021-01-13)		GDT² (2021-01-05)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.034	-4,6%	4.075	+4,5%	3.224	+1,0%	4.061	+4,0%
BUTTER	2.844	-6,5%	4.488	+7,2%	4.074	-0,4%	4.520	+7,5%
SMP	2.557	+1,3%	3.088	+5,1%	2.761	+0,2%	3.001	+3,5%
WMP	3.362	0,0%	3.300	+2,7%	3.381	-1,1%	3.299	+2,9%
WHEY POWDER	1.069	+7,5%			1.052	+1,2%
MILK (US$/100Kg)	46,96	+5,4%	36,53	+6,5%	41,65	+1,8%
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 (2021-01-15)		OCEANIA (1610060400)		EU¹ (2021-01-13)		GDT² (2021-01-05)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.328	-3,4%	3.327	+4,5%	3.224	+1,0%	3.303	+2,9%
BUTTER	2.346	-5,3%	3.663	+7,1%	3.350	+0,8%	3.676	+6,3%
SMP	2.109	+2,4%	2.520	+5,1%	2.270	+1,3%	2.441	+2,4%
WMP	2.773	+1,0%	2.694	+2,7%	2.780	0,0%	2.683	+1,8%
WHEY POWDER	882	+8,6%			865	+2,4%
MILK (€/100Kg)	39,67	+4,9%	30,86	+5,9%	35,18	+1,3%
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	11 Jan 2021	-1,0%	-12,3%
▸ farm-gate	EU (13 country)	Dec 2020	+1,3%	-0,4%
▸ farm-gate	USA	Nov 2020	+4,9%	-5,8%
PDO cheeses…
▸ hard	Italy	14 Jan 2021	+0,4%	+6,8%
▸ semi-hard	Italy	11 Jan 2021	0,0%	-0,1%
▸ fresh	Italy	11 Jan 2021	0,0%	0,0%
Cheeses	Germany and Oceania	13 Jan 2021	+1,1%	+2,0%
Butter	Italy, Germany and Oceania	13 Jan 2021	+2,7%	-2,2%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	15 Jan 2021	+3,0%	-10,6%
Whey powder	Germany and USA	15 Jan 2021	+5,9%	+20,6%
Corn	Italy and USA	12 Jan 2021	+4,0%	+6,4%
Soybeans	Italy and USA	12 Jan 2021	+4,7%	+26,5%
Oil	Europe	8 Jan 2021	+4,9%	-21,5%
Retail price
PDO hard cheeses	Italy	Nov 2020	+2,9%	-3,5%
Fresh cheeses	Italy	Nov 2020	-1,3%	-2,2%
Butter	Italy	Nov 2020	-1,0%	-3,5%

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 - Nov'20)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -2,18% (Sep'20 - Oct'20)

BUTTER Stocks
· US Stocks: Nov 30, 2020 114.230 tons (-16.0% on Oct 31, 2020; +39.4% on Nov, 2019)
· EU-28

- Public Stocks: Nov 30, 2020 10.591 tons (-63.4% on Oct 31, 2020; > +1,000.0% on Nov, 2019)
- Consumption (Production + Import - Export): Nov 30,2020: 167.991 tons (-0,6% on Oct 31, 2020; +12,3% on Nov, 2019)

SMP Stocks
· US Stocks: Nov 30, 2020 113.539 tons (+6.4% on Oct 31, 2020; +12.4% on Nov, 2019)
· EU-28
- Public Stocks: Nov 30, 2020 9.558 tons (-23.9% on Oct 31, 2020; > +1,000.0% on Nov, 2019)
- Consumption (Production + Import - Export): Nov 30,2020 41.757 tons (-27,4% on Oct 31, 2020; +26,2% on Nov, 2019)

CHEESE Stocks
· US Stocks: Nov 30, 2020 610.007 tons (+0.3% on Oct 31, 2020; +1.7% on Nov, 2019)
· EU-28
Consumption (Production + Import - Export): Nov 30,2020 0 tons (-27,4% on Oct 31, 2020; +26,2% on Nov, 2019)
· ITALY

Grana Padano Stocks:
- Marked PDO: Dec 31, 2020 1.752.389 number of wheels (-0,5% on 30 Nov 2020; +6,7% on Dec, 2019)
- Total: Dec 31, 2020 5.525.295 number of wheels (-1,0% on 30 Nov 2020; +2,3% on Dec, 2019)

DRY WHEY Stocks
· US Stock: Nov 30, 2020 30.508 tons (-1.2% rispetto a Oct 31, 2020; -14.9% rispetto a Nov, 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.

▸ Algeria WMP Import: -23,6% (Nov '20) **
▸ EU-28 Milk in packings of > 2 L Export: -2,4% (Nov '20) **
▸ Algeria SMP Import: +54,2% (Nov '20) **
▸ EU-28 Butter Export: -39,0% (Nov '20) **

Show/Hide all ALERT

▸ EU-28 Milk in packings of <= 2 L Export: +25,8% (Nov '20) **
▸ EU-28 Cream Export: +33,5% (Nov '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 WMP export jumps [News South America n°16/2020]
Period: November 9 – December 4, 2020 Milk production in South America is decreasing after reaching the peak of the season in October.... read
Soybean: prices and market updates | November 2020 [VIDEO]
World Soybean Production is expected to grow for the new season, driven by the United States and Brazil, while China is confirmed as the ... read
Oceania focuses on Butter and SMP [News Oceania n°16/2020]
Period: November 9 – 20, 2020 Milk production in Australia in the period June – September 2020 increased by 2.0% compared to the ... read

GlobalDairyTrade results of January 05, 2021

Change in Price Index from Previous Event: +3,9 %
Average Winning Price: 3.420 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	4.604	+5,5 %
BMP (Butter Milk Powder)	2.876	+6,9 %
BUTTER 82%	4.526	+7,2 %
RENNET CASEIN	n.a.	-
CHEDDAR	4.078	+5,0 %
LACTOSE	1.099	+7,4 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	3.044	+4,1 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	3.306	+3,1 %

Next GlobalDairyTrade Event: January 19, 2021

ITALY: Import/Export as of September 30, 2020

Exports of G.Padano + P.Reggiano:	-0,36 %
Exports of Gorgonzola:	+3,13 %
Exports of Grated cheese:	+4,26 %

Imports of Full-fat bulk milk:	-23,09 %
Imports of Packed semi-skimmed milk:	-0,18 %

Next Update: January 19, 2021

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

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Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Gorgonzola

Name:: Gorgonzola Cheese PDO

Consortium:: Consorzio per la Tutela del Formaggio Gorgonzola
Base:: Novara
Establishment year:: 1970
N° of Associated Farms:: 40

Product:: Gorgonzola

This cheese takes its name from the village of Gorgonzola, on the outskirts of Milan. Legend has it that this cheese was made there for first time in 879 A.D.

By law and by tradition there are only two regions in Italy which are entitled to manufacture Gorgonzola cheese, and even within these regions, only some provinces are allowed to produce it.

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Agricultural Market Feed

IT, Milan: Dehydrated lucerne price	In aumento	+3,18%
IT, Milan: Italian Sorghum price	In aumento	+3,59%
IT, Milan: linseed cake price	In aumento	+2,49%
IT, Milan: Pressed forst corp hay price	In aumento	+3,70%
IT, Milan: pressed lucerne hay price	In aumento	+2,34%
IT, Milan: Italian Soybeans flour price	In aumento	+4,14%
IT, Milan: Italian Corn price	In aumento	+3,65%
IT, Milan: Italian higher common wheat price	In aumento	+2,26%
IT, Milan: Foreign soybeans price	In aumento	+4,20%
IT, Milan: Italian soybeans price	In aumento	+4,03%
IT, Milan: EU barley price	In aumento	+2,38%

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	52%
Simulated Feed Ration (vs prev month)	+6.63%
Milk:Feed Ratio	1.26

Prices of Fertilizers

I - Modena, Triple superphosphate granular 46%	Stabile	356	€/ton	0.00%
I - Modena, Ammonium nitrate prilled 26%	In aumento	252	€/ton	+1,61%
I - Modena, Urea prilled 46%	Stabile	393	€/ton	0.00%