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Market News

World

US: Butter  stock In aumento +13,90%
US: Cheese 40# Blocks price In calo -3,73%
US: Butter, Grade AA price In aumento +1,71%
South America: Whole Milk Powder (WMP) price In aumento +3,90%
South America: Skim Milk Powder (SMP) price In aumento +1,54%
Oceania: Cheddar price In aumento +1,18%

Europe

Western Europe: Whey Powder Sweet price In aumento +2,33%
Western Europe: WMP price In aumento +3,75%
Western Europe: SMP price In aumento +3,77%
Western Europe: Butter price (82%) In aumento +7,63%
Netherlands: Skim Milk Powder feed price In aumento +2,70%
Netherlands: Skim Milk Powder (Adpi-SMP) price In aumento +2,09%

Italy

IT, Parma: Churned butter price In aumento +3,45%
IT, Parma: Parmig. Regg. PDO (30 months) price In aumento +0,40%
IT, Parma: Parmig.Regg. (24 months) price In aumento +0,40%
IT, Parma: Parmig. PDO Regg. (18 months) price In aumento +0,42%
IT, Parma: Parmig. Regg. PDO (15 months) price In aumento +0,45%
IT, Parma: Parmig.Regg. (12 months) price In aumento +0,46%
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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Show the data of: Previous year

Milk - Balance sheet in Mio Tons | Year 2024 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 552.03+0.4% 119.43+2.2% 196.12+0.8% 470.23+0.7%
India 99.50 +0.5% 110.70 +2.4% 89.00 +2.2% 121.18 +1.0%
Share % 18.0% 92.7% 45.4% 25.8%
EU-27 144.60 -0.1% 4.20 -0.1% 23.65 -0.2% 124.64 -0.1%
Share % 26.2% 3.5% 12.1% 26.5%
United States 103.87 +0.9% 0.00 0.0% 20.40 -1.2% 82.84 +1.4%
Share % 18.8% 0.0% 10.4% 17.6%
China 41.50 +1.2% 1.20 0.0% 17.00 +1.7% 26.48 +1.0%
Share % 7.5% 1.0% 8.7% 5.6%
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: 2023-12-20

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 2024 on Jan-Mar 2023
EU-27
+409
+53
-283
+46
+699
New Zealand
+9
-3
+850
0
-844
USA
+58
+63
+1
+213
-94
Australia
+104
-27
+165
+31
-119
United Kingdom
+30
-100
+27
-2
-95
Argentina
-369
-6
+115
-153
-338
Uruguay
+14
-5
-8
0
+16
Chile
+7
+53
+21
+4
+35
TOTAL
+262
+26
+889
+139
-740

Last update: 2024-05-23
(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
(2024-05-24)
OCEANIA
(2024-05-24)
EU¹
(2024-05-22)
GDT²
(2024-05-21)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.123 -3,7% 4.325 +0,6% 4.232 +0,2% 4.340 +2,0%
BUTTER 6.884 +1,7% 6.838 -0,5% 6.817 +5,9% 6.993 +4,5%
SMP 2.535 +1,8% 2.650 +3,9% 2.651 +3,2% 2.621 +3,9%
WMP 4.916 +1,4% 3.388 +0,7% 4.074 +2,0% 3.403 +2,2%
WHEY POWDER 860 +1,3%     1.059 +1,1%    
MILK (US$/100Kg) 45,64 +0,5% 36,06 -0,7% 49,68 -1,5%    
*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
(2024-05-24)
OCEANIA
(1716501600)
EU¹
(2024-05-22)
GDT²
(2024-05-21)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.798 -3,6% 3.990 +0,0% 3.903 -0,4% 3.996 +1,2%
BUTTER 6.342 +1,8% 6.308 -1,1% 6.275 +5,2% 6.439 +3,7%
SMP 2.339 +1,8% 2.445 +3,3% 2.440 +2,5% 2.413 +3,1%
WMP 4.535 +1,4% 3.125 +0,2% 3.750 +1,4% 3.133 +1,4%
WHEY POWDER 793 +1,3%     975 +0,5%    
MILK (€/100Kg) 41,97 -0,2% 33,17 -1,4% 46,31 -0,2%    
*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 20 May 2024 +5,4% +15,0%
      ▸ farm-gate EU (13 country) Apr 2024 -0,2% -6,9%
      ▸ farm-gate USA Mar 2024 -0,2% -2,9%
  PDO cheeses…
      ▸ hard Italy 20 May 2024 0,0% +5,0%
      ▸ semi-hard Italy 20 May 2024 0,0% -2,3%
      ▸ fresh Italy 20 May 2024 0,0% -2,8%
Cheeses Germany and Oceania 24 May 2024 +0,0% +0,5%
Butter Italy, Germany and Oceania 24 May 2024 +2,0% +33,5%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 24 May 2024 +2,4% -2,0%
Whey powder Germany and USA 24 May 2024 +1,4% +14,3%
  Feed input
      ▸ Corn Italy and USA 23 May 2024 +1,0% -15,7%
      ▸ Soybeans Italy and USA 23 May 2024 +1,1% +0,3%
      ▸ GMO Soybean Meal Italy 23 May 2024 0,0% -5,7%
Oil Europe 17 May 2024 -1,6% +7,7%
Retail price
PDO hard cheeses Italy Mar 2024 -0,5% -0,5%
Fresh cheeses Italy Mar 2024 +0,0% -2,1%
Butter Italy Mar 2024 -1,5% -8,4%
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: Apr 30, 2024 662.111 tons (+0.4% on Mar 31, 2024; -0.6% on Apr, 2023)
    · EU-27
    Consumption (Production + Import - Export): Mar 31,2024 0 tons (-5,3% on Feb 29, 2024; +26,8% on Mar, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Apr 30, 2024 1.919.774 number of wheels (-0,2% on 31 Mar 2024; -1,0% on Apr, 2023)
    - Total: Apr 30, 2024 6.073.740 number of wheels (+2,5% on 31 Mar 2024; +1,6% on Apr, 2023)

  • DRY WHEY Stocks
    · US Stock: Mar 31, 2024 36.875 tons (+11.6% rispetto a Feb 29, 2024; +22.0% rispetto a Mar, 2023)

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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

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: Grana Padano PDO Cheese

Name:
Grana Padano PDO
Consortium:
Consorzio Tutela GRANA PADANO
Base:
Desenzano del Garda (BS), Italy
Establishment year:
1954
N. consortium members:
150
Product:
Grana Padano PDO


What makes Grana Padano an all-round food favourable to the well-being and health of children, adolescents, pregnant women, athletes and the elderly is its excellent ratio of energy value to the quality and quantity of nutrients it contains.

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