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.

August 31, 2018

A new Flash Bulletin will be available soon...

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Related Charts

Market News

World

US: Cow's milk production	In aumento	+0,88%
New Zealand: Milk Production	In aumento	+0,63%
US: Cheese 40# Blocks price	In aumento	+5,16%
US: Butter, Grade AA price	In calo	-0,21%
US: Acid Casein price	In aumento	+1,27%
US: Whey Protein Concentrate (34%) price	In aumento	+0,54%

Europe

DE, Kempten: "Markenbutter" price	In calo	-1,07%
Netherlands: Skim Milk Powder feed price	In calo	-0,41%
Netherlands: Skim Milk Powder (Adpi-SMP) price	In aumento	+0,42%
Netherlands: Butter price (82%)	In aumento	+0,69%
Netherlands: Whey Powder feed price	In aumento	+1,18%
France: SMP price (Poudre 0%)	In aumento	+2,90%

Italy

IT, Parma: Churned butter price	In calo	-1,03%
IT: Asiago Fresh PDO Production	In calo	-3,39%
IT: Parmigiano Regg PDO Production	In aumento	+0,63%
IT: Gorgonzola PDO Production	In calo	-2,47%
IT: Grana Padano Production PDO	In aumento	+4,83%
IT, Milan: Grana Padano PDO (16 months) price	In aumento	+0,41%

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AGRICULTURAL MARKET News
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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.

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Milk - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
Country	Cow Milk Production		Other Milk Production		Fluid Domestic Consumption		Factory Use
World	558.48	+0.8%	121.82	+2.3%	197.55	+0.8%	478.04	+1.1%
India	103.20	+2.2%	113.30	+2.3%	91.00	+2.2%	125.48	+2.3%
Share %	18.5%		93.0%		46.1%		26.2%
EU-27	145.30	-0.2%	4.08	0.0%	23.55	-0.2%	125.48	-0.2%
Share %	26.0%		3.3%		11.9%		26.2%
United States	103.43	+0.8%	0.00	0.0%	20.20	-1.0%	82.62	+1.2%
Share %	18.5%		0.0%		10.2%		17.3%
China	43.30	+0.7%	0.97	+2.1%	17.10	+0.6%	27.82	+0.7%
Share %	7.8%		0.8%		8.7%		5.8%
Russia	32.60	+0.3%	0.00	0.0%	6.60	-1.5%	24.33	+0.8%
Share %	5.8%		0.0%		3.3%		5.1%
Source: USDA, Latest update: 2024-12-21

Milk - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
China	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

Milk - Balance sheet in Mio Tons \| Year 2024
World	554.24	+0.6%	119.05	+2.2%	195.93	+0.8%	472.63	+0.9%
India	101.00	+2.0%	110.70	+2.4%	89.00	+2.2%	122.68	+2.2%
Share %	18.3%	92.9%	45.4%	26.1%
EU-27	145.55	+0.2%	4.08	-0.2%	23.60	-0.4%	125.69	+0.4%
Share %	26.4%	3.4%	12.1%	26.7%
United States	102.66	0.0%	0.00	0.0%	20.40	-1.2%	81.65	+0.3%
Share %	18.6%	0.0%	10.4%	17.4%
China	43.00	+2.5%	0.95	-3.1%	17.00	+3.0%	27.63	+1.4%
Share %	7.8%	0.8%	8.7%	5.9%
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: 2024-12-21

Butter - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	0.26	-5.1%	12.28	+2.6%	0.63	+0.6%	1.02	-0.4%	11.89	+2.7%	0.26	-1.2%
India	0.00	0.0%	7.16	+2.9%	0.00	0.0%	0.05	-18.2%	7.11	+3.1%	0.00	0.0%
Share %	0.0%	58.3%	0.0%	4.9%	59.8%	0.0%
EU-27	0.00	0.0%	2.06	-1.4%	0.05	+12.5%	0.28	+1.8%	1.83	-1.6%	0.00	0.0%
Share %	0.0%	16.8%	7.9%	27.5%	15.4%	0.0%
United States	0.11	+15.4%	1.10	+9.0%	0.11	-5.3%	0.05	0.0%	1.16	+8.9%	0.11	+3.8%
Share %	42.3%	9.0%	17.5%	4.9%	9.8%	42.3%
New Zealand	0.04	+10.5%	0.51	+2.0%	0.00	-100.0%	0.48	+2.2%	0.03	0.0%	0.05	+7.1%
Share %	15.4%	4.2%	0.0%	47.1%	0.3%	19.2%
Russia	0.02	-15.0%	0.29	+1.8%	0.13	0.0%	0.00	0.0%	0.42	+1.2%	0.01	-17.6%
Share %	7.7%	2.4%	20.6%	0.0%	3.5%	3.8%
Source: USDA, Latest update: 2024-12-21

Butter - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
New Zealand	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

Butter - Balance sheet in Mio Tons \| Year 2024
World	0.27	-15.8%	11.97	+2.0%	0.63	+2.4%	1.03	-2.0%	11.58	+2.1%	0.26	-5.1%
India	0.00	0.0%	6.95	+3.0%	0.00	0.0%	0.06	+129.2%	6.90	+2.5%	0.00	0.0%
Share %	0.0%	57.9%	0.0%	5.8%	59.4%	0.0%
EU-27	0.00	0.0%	2.09	-1.4%	0.04	-32.2%	0.28	-4.5%	1.86	-1.9%	0.00	0.0%
Share %	0.0%	17.4%	6.3%	27.2%	16.0%	0.0%
United States	0.09	-7.1%	1.01	+5.5%	0.11	+39.0%	0.05	+21.6%	1.07	+5.5%	0.11	+15.4%
Share %	32.8%	8.4%	17.4%	4.9%	9.2%	43.1%
New Zealand	0.04	-49.3%	0.50	-2.0%	0.00	0.0%	0.47	-9.9%	0.03	0.0%	0.04	+10.5%
Share %	14.6%	4.2%	0.0%	45.6%	0.3%	15.7%
Russia	0.02	+11.1%	0.29	+1.8%	0.13	0.0%	0.00	0.0%	0.41	+2.5%	0.02	-15.0%
Share %	7.3%	2.4%	20.6%	0.0%	3.5%	7.8%
Source: USDA, Latest update: 2024-12-21

Cheese - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	1.01	-7.2%	22.79	+1.2%	2.34	+2.4%	3.18	+1.6%	22.00	+1.1%	0.97	-4.6%
EU-27	0.00	0.0%	10.75	+0.5%	0.20	+8.1%	1.39	+0.4%	9.56	+0.6%	0.00	0.0%
Share %	0.0%	47.2%	8.5%	43.7%	43.5%	0.0%
United States	0.62	-6.0%	6.60	+1.6%	0.16	+2.6%	0.52	+1.8%	6.26	+1.3%	0.60	-3.3%
Share %	61.4%	29.0%	6.8%	16.4%	28.5%	61.9%
Russia	0.04	0.0%	1.13	+0.9%	0.38	0.0%	0.05	0.0%	1.45	+0.7%	0.04	0.0%
Share %	4.0%	5.0%	16.2%	1.6%	6.6%	4.1%
Brazil	0.00	0.0%	0.79	+1.9%	0.07	0.0%	0.00	0.0%	0.85	+1.8%	0.00	0.0%
Share %	0.0%	3.5%	3.0%	0.0%	3.9%	0.0%
Canada	0.08	-2.3%	0.54	+0.9%	0.07	+8.3%	0.01	-9.1%	0.59	+1.5%	0.08	0.0%
Share %	7.9%	2.4%	3.0%	0.3%	2.7%	8.2%
Source: USDA, Latest update: 2024-12-21

Cheese - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
Russia	-	-	-	-	-
Brazil	-	-	-	-	-
Canada	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

Cheese - Balance sheet in Mio Tons \| Year 2024
World	1.09	+4.0%	22.52	+1.0%	2.29	+2.1%	3.13	+5.0%	21.76	+1.1%	1.01	-7.2%
EU-27	0.00	0.0%	10.70	+1.9%	0.19	+6.3%	1.39	0.0%	9.50	+2.3%	0.00	0.0%
Share %	0.0%	47.9%	8.4%	44.5%	44.0%	0.0%
United States	0.65	-0.3%	6.50	+0.8%	0.15	+7.1%	0.51	+17.0%	6.18	+0.4%	0.62	-6.0%
Share %	59.5%	29.1%	6.7%	16.3%	28.6%	62.8%
Russia	0.04	0.0%	1.12	+1.4%	0.38	0.0%	0.05	+11.1%	1.44	+0.7%	0.04	0.0%
Share %	3.7%	5.0%	16.9%	1.6%	6.7%	4.1%
Brazil	0.00	0.0%	0.78	+0.6%	0.07	+51.2%	0.00	0.0%	0.84	+3.3%	0.00	0.0%
Share %	0.0%	3.5%	3.1%	0.0%	3.9%	0.0%
Canada	0.09	+1.2%	0.53	+1.5%	0.06	+7.1%	0.01	+22.2%	0.58	+2.3%	0.08	-2.3%
Share %	8.2%	2.4%	2.7%	0.3%	2.7%	8.1%
Source: USDA, Latest update: 2024-12-21

SMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	0.38	-0.3%	4.75	+0.9%	1.28	-0.7%	2.31	-1.2%	3.70	+1.0%	0.40	+6.7%
EU-27	0.00	0.0%	1.39	-2.8%	0.04	0.0%	0.71	0.0%	0.72	-5.3%	0.00	0.0%
Share %	0.0%	29.3%	3.1%	30.7%	19.5%	0.0%
United States	0.11	+17.2%	1.05	+3.3%	0.00	0.0%	0.76	-1.0%	0.29	+23.0%	0.11	+2.8%
Share %	28.9%	22.1%	0.0%	32.9%	7.8%	27.5%
India	0.02	+20.0%	0.77	+2.0%	0.00	0.0%	0.01	-16.7%	0.76	+1.3%	0.03	+41.7%
Share %	5.3%	16.2%	0.0%	0.4%	20.5%	7.5%
New Zealand	0.03	-60.0%	0.44	+3.5%	0.00	0.0%	0.43	-5.6%	0.02	0.0%	0.03	+3.8%
Share %	7.9%	9.3%	0.0%	18.6%	0.5%	7.5%
Australia	0.01	-15.4%	0.17	-2.9%	0.02	+36.4%	0.16	-3.0%	0.02	0.0%	0.01	+18.2%
Share %	2.6%	3.6%	1.6%	6.9%	0.5%	2.5%
Source: USDA, Latest update: 2024-12-21

SMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
India	-	-	-	-	-
New Zealand	-	-	-	-	-
Australia	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

SMP - Balance sheet in Mio Tons \| Year 2024
World	0.38	-27.3%	4.71	-0.8%	1.29	-6.2%	2.34	-4.1%	3.66	-4.2%	0.38	-0.3%
EU-27	0.00	0.0%	1.43	-0.4%	0.04	+11.1%	0.71	-8.4%	0.76	+9.0%	0.00	0.0%
Share %	0.0%	30.5%	3.1%	30.4%	20.7%	0.0%
United States	0.09	-22.5%	1.02	-13.0%	0.00	0.0%	0.77	-5.4%	0.24	-39.1%	0.11	+17.2%
Share %	23.8%	21.7%	0.0%	33.0%	6.6%	30.6%
India	0.02	-33.3%	0.76	+3.4%	0.00	0.0%	0.01	+500.0%	0.75	+0.8%	0.02	+20.0%
Share %	5.3%	16.2%	0.0%	0.4%	20.5%	5.6%
New Zealand	0.07	-52.9%	0.43	+9.0%	0.00	-66.7%	0.45	-0.2%	0.02	0.0%	0.03	-60.0%
Share %	18.5%	9.2%	0.0%	19.3%	0.5%	8.4%
Australia	0.01	-23.5%	0.18	+20.7%	0.01	-21.4%	0.17	+24.1%	0.02	-23.3%	0.01	-15.4%
Share %	2.6%	3.8%	0.8%	7.3%	0.5%	2.8%
Source: USDA, Latest update: 2024-12-21

WMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	0.50	-4.2%	4.54	+0.7%	1.00	+1.1%	1.94	+2.2%	3.65	+0.9%	0.44	-11.5%
New Zealand	0.21	-3.2%	1.42	0.0%	0.00	0.0%	1.45	+2.8%	0.02	0.0%	0.17	-22.1%
Share %	42.0%	31.3%	0.0%	74.7%	0.5%	38.6%
China	0.19	+8.6%	1.27	+2.4%	0.36	-5.3%	0.02	+13.3%	1.61	+1.3%	0.19	+1.6%
Share %	38.0%	28.0%	36.0%	1.0%	44.1%	43.2%
Brazil	0.00	0.0%	0.60	+0.8%	0.15	+2.0%	0.00	-25.0%	0.74	+1.2%	0.00	0.0%
Share %	0.0%	13.2%	15.0%	0.0%	20.3%	0.0%
EU-27	0.00	0.0%	0.58	-4.9%	0.02	+25.0%	0.20	-4.8%	0.40	-3.8%	0.00	0.0%
Share %	0.0%	12.8%	2.0%	10.3%	11.0%	0.0%
Argentina	0.04	-20.0%	0.20	+11.1%	0.00	0.0%	0.15	+16.0%	0.07	+7.7%	0.03	-37.5%
Share %	8.0%	4.4%	0.0%	7.7%	1.9%	6.8%
Source: USDA, Latest update: 2024-12-21

WMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
New Zealand	-	-	-	-	-
China	-	-	-	-	-
Brazil	-	-	-	-	-
EU-27	-	-	-	-	-
Argentina	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

WMP - Balance sheet in Mio Tons \| Year 2024
World	0.52	+8.8%	4.51	+1.4%	0.99	-8.3%	1.90	+1.9%	3.62	+0.1%	0.50	-4.2%
New Zealand	0.22	+8.4%	1.42	+1.4%	0.00	0.0%	1.41	+3.2%	0.02	0.0%	0.21	-3.2%
Share %	42.5%	31.8%	0.0%	71.9%	0.5%	55.7%
China	0.18	+16.7%	1.24	+3.3%	0.38	-11.6%	0.02	+36.4%	1.59	-0.3%	0.19	+8.6%
Share %	34.7%	27.7%	36.6%	1.0%	43.1%	50.4%
Brazil	0.00	0.0%	0.59	+4.2%	0.15	-10.9%	0.00	+∞	0.73	+0.3%	0.00	0.0%
Share %	0.0%	13.2%	14.4%	0.0%	19.8%	0.0%
EU-27	0.00	0.0%	0.61	-4.7%	0.02	-11.1%	0.21	-19.2%	0.42	+4.5%	0.00	0.0%
Share %	0.0%	13.6%	1.9%	10.7%	11.4%	0.0%
Argentina	0.05	+8.7%	0.18	-5.3%	0.00	0.0%	0.13	+12.6%	0.07	-13.3%	0.04	-20.0%
Share %	9.7%	4.0%	0.0%	6.6%	1.9%	10.6%
Source: USDA, Latest update: 2024-12-21

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-Dec 2024 on Jan-Dec 2023
EU-27	+0,4% +608	+6,5% +184	-4,3% -1.049	-0,2% -291	+2.132
New Zealand	+1,3% +284	-22,6% -39	-0,1% -24	0% 0	+269
USA	-0,2% -201	+13,3% +253	-0,1% -16	+1,4% +1.310	-1.242
Australia	+2,4% +202	-10,2% -150	+26,1% +812	+2,8% +199	-959
United Kingdom	+0,1% +18	+3,5% +162	-4,7% -157	-0,6% -109	+446
Argentina	-6,5% -758	-53,8% -16	+17,0% +251	-11,8% -744	-281
Uruguay	-3,3% -73	-5,9% -3	+2,6% +39	0% 0	-115
Chile	+3,4% +75	-3,0% -22	+49,8% +96	+1,8% +8	-50
TOTAL	*+0,1%* +155	*+3,1%* +370	*-0,1%* -48	*+0,1%* +374	+200
Last update: 2025-03-27 (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 »

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 2023 on Jan-Dec 2022
EU-27	+0,0% +72	-3,6% -105	+6,1% +1.401	+0,0% +60	-1.494
New Zealand	+0,9% +196	+26,2% +36	+9,0% +1.573	+0,5% +8	-1.350
USA	0,0% -48	+1,7% +32	-4,2% -558	+2,1% +1.919	-1.376
Australia	+0,2% +17	+11,1% +146	-17,2% -644	+5,5% +373	+435
United Kingdom	+0,0% +5	+3,1% +137	+9,5% +291	+1,0% +164	-312
Argentina	-2,0% -239	-35,9% -16	-12,8% -217	+0,6% +38	-76
Uruguay	+1,2% +26	+14,2% +6	+2,4% +36	0% 0	-4
Chile	-2,2% -50	+13,4% +85	-23,5% -59	+9,8% +39	+55
TOTAL	*0,0%* -21	*+2,8%* +322	*+2,8%* +1.822	*+1,0%* +2.601	-4.123
Last update: 2025-03-27 (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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Sep 2024 on Jan-Sep 2023
USA	-13,8% -124	-32,8% -0	-5,4% -33	-26,8% -77	-14
EU-27	-0,4% -4	+14,4% +4	-8,7% -54	-0,8% -4	+59
New Zealand	+4,0% +11	-82,3% -2	-1,0% -3	0% 0	+12
Australia	+5,8% +5	-0,7% -0	+29,9% +27	-16,7% -4	-19
TOTAL	*-5,0%* -112	*+4,8%* +2	*-3,9%* -63	*-10,7%* -85	+38
Last update: 2025-03-26 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, data estimated by CLAL; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2023 on Jan-Dec 2022
USA	-1,9% -23	+31,5% +0	-3,3% -27	+8,8% +31	-26
EU-27	-5,3% -69	-2,3% -1	+9,7% +68	-13,9% -101	-37
New Zealand	+0,1% +0	+16,4% +0	+26,3% +94	0% 0	-93
Australia	+4,5% +6	-9,8% -1	-13,3% -20	+7,1% +2	+23
TOTAL	*-2,8%* -85	*-3,0%* -2	*+5,6%* +114	*-6,0%* -68	-133
Last update: 2025-03-26 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, data estimated by CLAL; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

WMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Sep 2024 on Jan-Sep 2023
New Zealand	+0,4% +4	-27,6% -0	+2,2% +21	0% 0	-17
EU-27	-2,1% -12	-6,9% -1	-19,9% -41	+3,0% +10	+19
Australia	-21,0% -5	-14,3% -5	+36,0% +10	+5,3% +1	-21
USA	+3,7% +1	+15,1% +2	-4,6% -1	+2,8% +1	+3
TOTAL	*-0,7%* -11	*-7,5%* -5	*-1,0%* -11	*+3,1%* +12	-16
Last update: 2025-03-22 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, BLE, data estimated by CLAL; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

WMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2023 on Jan-Dec 2022
New Zealand	+0,0% +0	-24,0% -0	+2,9% +38	0% 0	-38
EU-27	-1,9% -14	-8,6% -2	+11,3% +27	-7,5% -35	-7
Australia	-19,6% -7	+17,4% +7	-34,3% -20	+8,6% +3	+17
USA	-19,0% -12	-8,8% -1	-33,6% -13	-10,0% -4	+4
TOTAL	*-1,5%* -33	*+4,8%* +4	*+1,9%* +32	*-6,4%* -36	-25
Last update: 2025-03-22 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, BLE, data estimated by CLAL; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

BURRO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Sep 2024 on Jan-Sep 2023
New Zealand	-9,3% -34	-33,2% -0	-11,9% -40	0% 0	+6
EU-27	-2,2% -36	-41,7% -19	-4,7% -10	-2,7% -38	-6
United Kingdom	-5,8% -0	+7,6% +3	-25,0% -11	+1,9% +3	+11
USA	+5,9% +43	+30,3% +18	+11,8% +3	+7,1% +54	+3
Australia	+8,4% +2	-22,0% -8	+149,5% +10	+3,2% +2	-18
TOTAL	*-0,9%* -25	*-3,3%* -6	*-7,6%* -48	*+0,8%* +20	-3
Last update: 2025-03-26 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

BURRO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2023 on Jan-Dec 2022
New Zealand	+2,2% +11	-45,8% -1	+4,6% +21	0% 0	-11
EU-27	+1,8% +37	-22,2% -15	+13,4% +34	-0,6% -11	-1
United Kingdom	-3,3% -0	+9,7% +5	+11,4% +6	+1,0% +2	-2
USA	+2,7% +26	+10,8% +8	-47,9% -33	+8,0% +75	-9
Australia	-3,9% -1	+20,1% +8	-45,7% -8	+5,0% +3	+11
TOTAL	*+2,0%* +72	*+2,1%* +5	*+2,3%* +19	*+2,2%* +69	-11
Last update: 2025-03-26 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

FORMAGGIO ('000 Tons)	Δ Prod	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	+2,8% +202	+7,9% +10	+0,2% +2	+1,0% +62	+148
USA	+0,5% +25	+12,2% +17	+20,1% +65	+0,1% +6	-29
New Zealand	-9,7% -28	-38,1% -4	-3,6% -10	0% 0	-22
United Kingdom	-3,2% -0	+4,1% +13	+15,7% +20	-2,5% -14	+7
Australia	-10,5% -28	-10,4% -9	+32,2% +29	+4,1% +11	-77
TOTAL	*+1,4%* +171	*+4,0%* +27	*+5,7%* +107	*+0,5%* +65	+27
Last update: 2025-03-26 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, CSO, data estimated by CLAL; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

FORMAGGIO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2023 on Jan-Dec 2022
EU-27	+1,7% +159	-7,2% -14	+4,4% +58	+1,1% +89	-2
USA	+0,9% +57	+2,3% +4	-4,0% -18	+1,3% +77	+3
New Zealand	+5,9% +22	+36,4% +4	+9,8% +34	+2,6% +1	-9
United Kingdom	-0,5% -0	+5,4% +22	+1,8% +3	+3,2% +24	-5
Australia	-2,5% -10	+13,2% +13	-11,1% -16	+10,6% +35	-16
TOTAL	*+1,4%* +229	*+3,3%* +29	*+2,5%* +61	*+1,4%* +226	-29
Last update: 2025-03-26 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, CSO, data estimated by CLAL; United Kingdom: DEFRA; 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 (2025-04-18)		OCEANIA (2025-04-11)		EU¹ (2025-04-23)		GDT² (2025-04-15)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.046	+5,2%	5.088	+2,3%	5.083	-0,5%	4.955	-1,3%
BUTTER	5.164	-0,2%	7.500	-0,7%	8.406	+0,8%	7.703	+1,2%
SMP	2.524	0,0%	2.963	+3,0%	2.783	+1,3%	2.747	-5,0%
WMP	4.497	0,0%	4.013	+1,6%	5.049	+1,3%	4.154	+3,1%
WHEY POWDER	1.042	0,0%			1.308	+1,3%
MILK (US$/100Kg)	52,03	-2,1%	43,16	+0,9%	57,98	+3,4%
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 (2025-04-18)		OCEANIA (1744322400)		EU¹ (2025-04-23)		GDT² (2025-04-15)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.561	+2,6%	4.484	-2,7%	4.597	-2,9%	4.355	-6,2%
BUTTER	4.546	-2,7%	6.610	-5,5%	7.325	-0,5%	6.771	-3,8%
SMP	2.222	-0,1%	2.611	-1,9%	2.425	0,0%	2.415	-9,6%
WMP	3.959	-0,1%	3.536	-3,3%	4.400	0,0%	3.651	-2,0%
WHEY POWDER	917	-0,1%			1.140	0,0%
MILK (€/100Kg)	49,97	-2,6%	41,45	+0,3%	53,65	-0,4%
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	21 Apr 2025	0,0%	+28,3%
	▸ farm-gate	EU (13 country)	Mar 2025	+1,4%	+18,6%
	▸ farm-gate	USA	Feb 2025	-2,6%	+18,8%
	PDO cheeses…
	▸ hard	Italy	21 Apr 2025	0,0%	+21,3%
	▸ semi-hard	Italy	21 Apr 2025	0,0%	+8,3%
	▸ fresh	Italy	21 Apr 2025	0,0%	+9,6%
	Cheeses	Germany and Oceania	23 Apr 2025	-0,7%	+8,0%
	Butter	Italy, Germany and Oceania	23 Apr 2025	-2,0%	+19,3%
	SMP (Skimmed Milk Powder)	Germany, Oceania and USA	23 Apr 2025	-0,6%	+2,9%
	Whey powder	Germany and USA	23 Apr 2025	-0,1%	+22,5%
	Feed input
	▸ Corn	Italy and USA	22 Apr 2025	+0,9%	+15,3%
	▸ Soybeans	Italy and USA	22 Apr 2025	-0,3%	-11,8%
	▸ GMO Soybean Meal	Italy	17 Apr 2025	-2,8%	-26,5%
	Oil	Europe	11 Apr 2025	-11,4%	-28,2%
Retail price
	PDO hard cheeses	Italy	Feb 2025	0,0%	+11,1%
	Fresh cheeses	Italy	Feb 2025	-0,8%	+1,1%
	Butter	Italy	Feb 2025	-1,1%	+14,3%

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: +3,7% (Jan'25 - Mar'25)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries +3,10% (Dec'24 - Jan'25)

BUTTER Stocks
· US Stocks: Feb 28, 2025 138.589 tons (+17.2% on Jan 31, 2025; +2.6% on Feb, 2024)
· EU-27
Consumption (Production + Import - Export): Jan 31,2025: 157.580 tons (+2,1% on 31, 2024; +5,0% on Jan, 2024)

SMP Stocks
· US Stocks: Feb 28, 2025 149.294 tons (+9.2% on Jan 31, 2025; +57.0% on Feb, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024 54.648 tons (+17,6% on Nov 30, 2024; -6,2% on Dec, 2023)

CHEESE Stocks
· US Stocks: Feb 28, 2025 626.356 tons (+1.8% on Jan 31, 2025; -5.3% on Feb, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024 0 tons (+17,6% on Nov 30, 2024; -6,2% on Dec, 2023)
· ITALY

Grana Padano Stocks:
- Marked PDO: Mar 31, 2025 2.099.963 number of wheels (+3,6% on 28 Feb 2025; +9,1% on Mar, 2024)
- Total: Mar 31, 2025 6.236.949 number of wheels (+2,9% on 28 Feb 2025; +5,3% on Mar, 2024)

DRY WHEY Stocks
· US Stock: Feb 28, 2025 28.445 tons (+4.8% rispetto a Jan 31, 2025; -13.9% rispetto a Feb, 2024)

CLALenter

CLAL is an Italian Dairy Economic Consulting firm that analyses the Dairy Market, describes trends and provides data, news and synthesis thanks to information and training activities.

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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.

▸ China Infant milk formula Import: +40,9% (Mar '25) ** NEW
▸ Switzerland Cream Export: +271,1% (Mar '25) **
▸ China Butter Import: +17,5% (Mar '25) **
▸ New Zealand Cream Export: +83,8% (Mar '25) **

Show/Hide all ALERT

▸ China Packed Milk Import: -14,5% (Mar '25) **
▸ New Zealand Bulk and Packed Milk Export: -4,0% (Mar '25) **
▸ China WMP Import: +30,7% (Mar '25) **
▸ New Zealand Cheese Export: +39,0% (Mar '25) **

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.

ITALY: Import/Export as of January 31, 2025

Exports of G.Padano + P.Reggiano:	+3,73 %
Exports of Gorgonzola:	+3,51 %
Exports of Grated cheese:	+8,22 %

Imports of Full-fat bulk milk:	-6,03 %
Imports of Packed semi-skimmed milk:	-8,29 %

Next Update: May 16, 2025

GlobalDairyTrade results of April 15, 2025

Change in Price Index from Previous Event: +1,6 %
Average Winning Price: 4.385 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	6.838	+2,1 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	7.679	+1,5 %
RENNET CASEIN	n.a.	-
CHEDDAR	4.923	-1,8 %
LACTOSE	1.376	+22,0 %
MOZZARELLA	4.763	+5,4 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.795	-2,3 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	4.171	+2,8 %

Next GlobalDairyTrade Event: May 06, 2025

a new project: Sistema Stalla

Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Baffalo Blu

Name:: Baffalo Blu

Company:: Caseificio Defendi Luigi Srl

Base:: Vidalengo (BG), Italy
Establishment year:: 1865

Products:: Taleggio, Gorgonzola, Quartirolo, Crescenza, Torte, Capricci, Porzionati, Gorgonzola-mascarpone, buffalo cheese, organic, lactose-free

A soft blue cheese made from Italian buffalo milk. It is cylindrical shaped and weights 6 Kg.
Characterized by a compact texture with a light cream colour and blue veins. The long ageing process gives to this cheese an unmistakable, intense and distinct flavour, strongly aromatic.
A cheese speciality with a unique taste.

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Butter - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
Country	Beginning Stocks		Production		Import		Export		Consumption		Ending Stocks
World	0.26	-5.1%	12.28	+2.6%	0.63	+0.6%	1.02	-0.4%	11.89	+2.7%	0.26	-1.2%
India	0.00	0.0%	7.16	+2.9%	0.00	0.0%	0.05	-18.2%	7.11	+3.1%	0.00	0.0%
Share %	0.0%		58.3%		0.0%		4.9%		59.8%		0.0%
EU-27	0.00	0.0%	2.06	-1.4%	0.05	+12.5%	0.28	+1.8%	1.83	-1.6%	0.00	0.0%
Share %	0.0%		16.8%		7.9%		27.5%		15.4%		0.0%
United States	0.11	+15.4%	1.10	+9.0%	0.11	-5.3%	0.05	0.0%	1.16	+8.9%	0.11	+3.8%
Share %	42.3%		9.0%		17.5%		4.9%		9.8%		42.3%
New Zealand	0.04	+10.5%	0.51	+2.0%	0.00	-100.0%	0.48	+2.2%	0.03	0.0%	0.05	+7.1%
Share %	15.4%		4.2%		0.0%		47.1%		0.3%		19.2%
Russia	0.02	-15.0%	0.29	+1.8%	0.13	0.0%	0.00	0.0%	0.42	+1.2%	0.01	-17.6%
Share %	7.7%		2.4%		20.6%		0.0%		3.5%		3.8%
Source: USDA, Latest update: 2024-12-21

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