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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.
17/04/2025
17/09/2024
09/07/2024
20/02/2024
November 30, 2018
August 31, 2018
Related Charts
Market News
World
| Japan: Milk Production | In calo | -1,27% |
| Australia: Milk delivery | In aumento | +4,08% |
| US: Butter stock | In calo | -0,96% |
| US: Cheese stock | In aumento | +1,14% |
| US: Cheese 40# Blocks price | In calo | -1,23% |
| US: Butter, Grade AA price | In calo | -5,19% |
Europe
| Lithuania: Farm gate milk price | In calo | -3,06% |
| Estonia: Farm gate milk price | In calo | -1,13% |
| Poland: Butter price (82%) | In calo | -0,12% |
| Austria: Farm gate milk price | In calo | -1,74% |
| Netherlands: Whole Milk Powder (WMP) price | In aumento | +3,83% |
| Netherlands: Skim Milk Powder (Adpi-SMP) price | In aumento | +1,81% |
Italy
| IT, Verona: foreign Whole Spot Milk price | In calo | -6,25% |
| IT, Verona: foreign Skim Spot Milk price | In calo | -7,81% |
| IT, Verona: Spot milk price | In calo | -3,92% |
| IT, Milan: Parm Regg PDO (18 mo.) price | In aumento | +0,30% |
| IT, Milan: Pecorino Romano PDO (5 months) price | In calo | -1,92% |
| IT, Milan: Parm Reg. PDO (24 months) price | In aumento | +0,27% |
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 2026 (Forecast made in July) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Country |
Cow Milk Production 
|
Other Milk Production
|
Fluid Domestic Consumption
|
Factory Use
|
||||
| World | 573.13 | +1.4% | 124.63 | +2.2% | 197.75 | +1.0% | 495.30 | +1.8% |
| India | 105.40 | +2.1% | 116.00 | +2.4% | 93.00 | +2.2% | 128.37 | +2.3% |
| Share % | 18.4% | 93.1% | 47.0% | 25.9% | ||||
| EU-27 | 150.00 | +1.0% | 4.20 | -0.5% | 23.50 | +1.2% | 130.40 | +0.9% |
| Share % | 26.2% | 3.4% | 11.9% | 26.3% | ||||
| United States | 107.34 | +2.1% | 0.00 | 0.0% | 20.00 | -1.0% | 86.68 | +2.9% |
| Share % | 18.7% | 0.0% | 10.1% | 17.5% | ||||
| China | 40.90 | 0.0% | 0.91 | +1.1% | 15.63 | -0.2% | 26.79 | +0.1% |
| Share % | 7.1% | 0.7% | 7.9% | 5.4% | ||||
| Russia | 33.90 | -0.3% | 0.00 | 0.0% | 7.03 | -0.4% | 25.28 | 0.0% |
| Share % | 5.9% | 0.0% | 3.6% | 5.1% | ||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||
| Milk - Balance sheet in Mio Tons | Year 2026 (Forecast made in January) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Country | Cow Milk Production | Other Milk Production | Fluid Domestic Consumption | Factory Use | ||||
| World | 565.43 | +0.7% | 124.58 | +2.2% | 197.32 | +0.8% | 488.05 | +1.1% |
| India | 105.40 | +2.1% | 116.00 | +2.4% | 93.00 | +2.2% | 128.37 | +2.3% |
| Share % | 18.6% | 93.1% | 47.1% | 26.3% | ||||
| EU-27 | 144.80 | -0.5% | 4.15 | -0.5% | 23.00 | -0.9% | 125.68 | -0.3% |
| Share % | 25.6% | 3.3% | 11.7% | 25.8% | ||||
| United States | 106.19 | +1.2% | 0.00 | 0.0% | 20.00 | -1.0% | 85.55 | +1.7% |
| Share % | 18.8% | 0.0% | 10.1% | 17.5% | ||||
| China | 40.60 | 0.0% | 0.91 | +1.1% | 15.70 | +0.7% | 26.43 | -0.4% |
| Share % | 7.2% | 0.7% | 8.0% | 5.4% | ||||
| Russia | 33.90 | -0.3% | 0.00 | 0.0% | 7.03 | -0.4% | 25.28 | 0.0% |
| Share % | 6.0% | 0.0% | 3.6% | 5.2% | ||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||
| Milk - Balance sheet in Mio Tons | Year 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Country | Cow Milk Production | Other Milk Production | Fluid Domestic Consumption | Factory Use | ||||
| World | 565.20 | +1.7% | 121.90 | +2.3% | 195.76 | +0.6% | 486.49 | +2.3% |
| India | 103.20 | +2.2% | 113.30 | +2.3% | 91.00 | +2.2% | 125.48 | +2.3% |
| Share % | 18.4% | 93.0% | 46.5% | 26.0% | ||||
| EU-27 | 148.50 | +1.3% | 4.22 | -1.3% | 23.21 | -1.3% | 129.21 | +1.7% |
| Share % | 26.5% | 3.5% | 11.9% | 26.8% | ||||
| United States | 105.08 | +2.6% | 0.00 | 0.0% | 20.20 | -1.0% | 84.25 | +3.5% |
| Share % | 18.7% | 0.0% | 10.3% | 17.5% | ||||
| China | 40.91 | +0.3% | 0.90 | +7.1% | 15.65 | -0.3% | 26.76 | +0.6% |
| Share % | 7.3% | 0.7% | 8.0% | 5.5% | ||||
| Russia | 34.00 | -0.2% | 0.00 | 0.0% | 7.05 | -0.4% | 25.28 | -0.2% |
| Share % | 6.1% | 0.0% | 3.6% | 5.2% | ||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||
| Butter - Balance sheet in Mio Tons | Year 2026 (Forecast made in July) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country |
Beginning Stocks
|
Production
|
Import
|
Export
|
Consumption
|
Ending Stocks
|
||||||
| World | 0.25 | -6.7% | 12.76 | +3.0% | 0.70 | +7.9% | 1.26 | +4.5% | 12.21 | +3.1% | 0.24 | -6.0% |
| India | 0.00 | 0.0% | 7.44 | +3.4% | 0.00 | 0.0% | 0.05 | -30.8% | 7.39 | +3.7% | 0.00 | 0.0% |
| Share % | 0.0% | 58.3% | 0.0% | 4.0% | 60.5% | 0.0% | ||||||
| EU-27 | 0.00 | 0.0% | 2.20 | +2.3% | 0.09 | +12.5% | 0.33 | +20.4% | 1.97 | +0.3% | 0.00 | 0.0% |
| Share % | 0.0% | 17.2% | 12.9% | 26.2% | 16.1% | 0.0% | ||||||
| United States | 0.09 | -12.4% | 1.12 | +3.4% | 0.09 | +32.8% | 0.16 | +5.8% | 1.04 | +4.1% | 0.08 | -4.7% |
| Share % | 36.0% | 8.8% | 12.9% | 12.7% | 8.5% | 33.3% | ||||||
| New Zealand | 0.04 | -17.3% | 0.55 | +1.9% | 0.00 | 0.0% | 0.53 | +2.3% | 0.03 | 0.0% | 0.03 | -25.6% |
| Share % | 16.0% | 4.3% | 0.0% | 42.1% | 0.2% | 12.5% | ||||||
| Russia | 0.02 | 0.0% | 0.28 | -0.7% | 0.12 | +6.2% | 0.00 | 0.0% | 0.39 | +1.3% | 0.02 | 0.0% |
| Share % | 8.0% | 2.2% | 17.1% | 0.0% | 3.2% | 8.3% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| Butter - Balance sheet in Mio Tons | Year 2026 (Forecast made in January) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 0.25 | -6.3% | 12.62 | +2.4% | 0.67 | +1.8% | 1.12 | -4.8% | 12.19 | +3.1% | 0.24 | -4.0% |
| India | 0.00 | 0.0% | 7.44 | +3.4% | 0.00 | 0.0% | 0.09 | +3.7% | 7.35 | +3.4% | 0.00 | 0.0% |
| Share % | 0.0% | 59.0% | 0.0% | 8.0% | 60.3% | 0.0% | ||||||
| EU-27 | 0.00 | 0.0% | 2.06 | -1.4% | 0.08 | 0.0% | 0.23 | -15.1% | 1.91 | +0.5% | 0.00 | 0.0% |
| Share % | 0.0% | 16.3% | 11.9% | 20.5% | 15.7% | 0.0% | ||||||
| United States | 0.09 | -7.2% | 1.15 | +7.0% | 0.08 | +9.7% | 0.09 | -21.2% | 1.14 | +9.0% | 0.10 | +5.6% |
| Share % | 36.0% | 9.1% | 11.9% | 8.0% | 9.4% | 41.7% | ||||||
| New Zealand | 0.04 | -21.2% | 0.54 | 0.0% | 0.00 | 0.0% | 0.52 | 0.0% | 0.03 | 0.0% | 0.03 | -26.8% |
| Share % | 16.0% | 4.3% | 0.0% | 46.4% | 0.2% | 12.5% | ||||||
| Russia | 0.02 | 0.0% | 0.28 | -0.7% | 0.12 | +6.2% | 0.00 | 0.0% | 0.39 | +1.3% | 0.02 | 0.0% |
| Share % | 8.0% | 2.2% | 17.9% | 0.0% | 3.2% | 8.3% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| Butter - Balance sheet in Mio Tons | Year 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 0.27 | +5.1% | 12.39 | +3.1% | 0.65 | +3.9% | 1.21 | +15.9% | 11.85 | +2.3% | 0.25 | -6.7% |
| India | 0.00 | 0.0% | 7.19 | +3.0% | 0.00 | +∞ | 0.07 | +1.6% | 7.13 | +3.0% | 0.00 | 0.0% |
| Share % | 0.0% | 58.4% | 0.0% | 6.0% | 60.3% | 0.0% | ||||||
| EU-27 | 0.00 | 0.0% | 2.15 | +1.8% | 0.08 | +95.1% | 0.27 | -0.7% | 1.96 | +4.2% | 0.00 | 0.0% |
| Share % | 0.0% | 17.4% | 12.1% | 23.0% | 16.6% | 0.0% | ||||||
| United States | 0.10 | +6.6% | 1.08 | +6.6% | 0.06 | -39.0% | 0.16 | +237.0% | 1.00 | -6.1% | 0.09 | -12.4% |
| Share % | 37.3% | 8.8% | 9.1% | 13.6% | 8.5% | 35.9% | ||||||
| New Zealand | 0.05 | +36.8% | 0.54 | +3.9% | 0.00 | 0.0% | 0.51 | +9.1% | 0.03 | 0.0% | 0.04 | -17.3% |
| Share % | 18.7% | 4.4% | 0.0% | 43.5% | 0.3% | 15.9% | ||||||
| Russia | 0.02 | +33.3% | 0.28 | -1.1% | 0.11 | +4.6% | 0.00 | -50.0% | 0.39 | +2.1% | 0.02 | 0.0% |
| Share % | 7.5% | 2.3% | 16.6% | 0.0% | 3.3% | 8.0% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| Cheese - Balance sheet in Mio Tons | Year 2026 (Forecast made in July) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country |
Beginning Stocks
|
Production
|
Import
|
Export
|
Consumption
|
Ending Stocks
|
||||||
| World | 1.08 | +1.6% | 23.54 | +1.8% | 2.41 | +4.8% | 3.57 | +7.3% | 22.37 | +1.3% | 1.10 | +1.6% |
| EU-27 | 0.00 | 0.0% | 11.10 | +1.7% | 0.21 | +2.5% | 1.48 | +3.8% | 9.83 | +1.5% | 0.00 | 0.0% |
| Share % | 0.0% | 47.2% | 8.7% | 41.5% | 43.9% | 0.0% | ||||||
| United States | 0.63 | +1.8% | 6.82 | +1.5% | 0.15 | +5.8% | 0.75 | +22.5% | 6.21 | -0.2% | 0.62 | -0.5% |
| Share % | 58.3% | 29.0% | 6.2% | 21.0% | 27.8% | 56.4% | ||||||
| Russia | 0.04 | 0.0% | 1.16 | -0.4% | 0.33 | 0.0% | 0.03 | -6.7% | 1.46 | -0.2% | 0.04 | 0.0% |
| Share % | 3.7% | 4.9% | 13.7% | 0.8% | 6.5% | 3.6% | ||||||
| Brazil | 0.00 | 0.0% | 0.82 | +1.9% | 0.06 | +20.0% | 0.00 | 0.0% | 0.88 | +2.9% | 0.00 | 0.0% |
| Share % | 0.0% | 3.5% | 2.5% | 0.0% | 3.9% | 0.0% | ||||||
| Argentina | 0.06 | +16.0% | 0.58 | +7.4% | 0.00 | 0.0% | 0.11 | +12.2% | 0.47 | +7.8% | 0.06 | +3.4% |
| Share % | 5.6% | 2.5% | 0.0% | 3.1% | 2.1% | 5.5% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| Cheese - Balance sheet in Mio Tons | Year 2026 (Forecast made in January) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 1.07 | +0.9% | 23.19 | +1.3% | 2.28 | -1.3% | 3.32 | +1.4% | 22.15 | +1.1% | 1.07 | +0.1% |
| EU-27 | 0.00 | 0.0% | 10.81 | +0.2% | 0.19 | -5.0% | 1.37 | -1.1% | 9.63 | +0.3% | 0.00 | 0.0% |
| Share % | 0.0% | 46.6% | 8.3% | 41.3% | 43.5% | 0.0% | ||||||
| United States | 0.62 | +1.0% | 6.80 | +3.0% | 0.15 | +1.4% | 0.62 | +3.2% | 6.32 | +3.0% | 0.63 | +0.8% |
| Share % | 57.9% | 29.3% | 6.6% | 18.7% | 28.5% | 58.9% | ||||||
| Russia | 0.04 | 0.0% | 1.16 | -0.4% | 0.33 | 0.0% | 0.03 | -6.7% | 1.46 | -0.2% | 0.04 | 0.0% |
| Share % | 3.7% | 5.0% | 14.5% | 0.9% | 6.6% | 3.7% | ||||||
| Brazil | 0.00 | 0.0% | 0.82 | +1.9% | 0.05 | 0.0% | 0.00 | +33.3% | 0.87 | +1.6% | 0.00 | 0.0% |
| Share % | 0.0% | 3.5% | 2.2% | 0.0% | 3.9% | 0.0% | ||||||
| Argentina | 0.06 | +16.0% | 0.56 | +2.8% | 0.00 | 0.0% | 0.11 | +2.9% | 0.46 | +5.3% | 0.06 | -5.2% |
| Share % | 5.6% | 2.4% | 0.0% | 3.3% | 2.1% | 5.6% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| Cheese - Balance sheet in Mio Tons | Year 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 1.06 | -2.6% | 23.12 | +2.1% | 2.30 | +3.3% | 3.33 | +6.4% | 22.08 | +1.4% | 1.08 | +1.6% |
| EU-27 | 0.00 | 0.0% | 10.91 | +1.0% | 0.20 | +7.0% | 1.42 | +2.5% | 9.69 | +0.9% | 0.00 | 0.0% |
| Share % | 0.0% | 47.7% | 8.6% | 43.4% | 44.2% | 0.0% | ||||||
| United States | 0.61 | -6.1% | 6.71 | +3.9% | 0.14 | -9.2% | 0.61 | +20.2% | 6.23 | +1.3% | 0.63 | +1.8% |
| Share % | 57.4% | 29.3% | 6.1% | 18.6% | 28.4% | 58.8% | ||||||
| Russia | 0.04 | 0.0% | 1.16 | 0.0% | 0.33 | +3.1% | 0.03 | -18.9% | 1.46 | +1.2% | 0.04 | 0.0% |
| Share % | 3.8% | 5.1% | 14.3% | 0.9% | 6.7% | 3.7% | ||||||
| Brazil | 0.00 | 0.0% | 0.81 | +3.2% | 0.05 | -20.6% | 0.00 | 0.0% | 0.85 | +1.4% | 0.00 | 0.0% |
| Share % | 0.0% | 3.5% | 2.2% | 0.0% | 3.9% | 0.0% | ||||||
| Argentina | 0.05 | -2.0% | 0.54 | +8.0% | 0.00 | +100.0% | 0.10 | -1.0% | 0.44 | +8.2% | 0.06 | +16.0% |
| Share % | 4.7% | 2.4% | 0.0% | 3.1% | 2.0% | 5.6% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| SMP - Balance sheet in Mio Tons | Year 2026 (Forecast made in July) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country |
Beginning Stocks
|
Production
|
Import
|
Export
|
Consumption
|
Ending Stocks
|
||||||
| World | 0.44 | +15.6% | 4.92 | +1.0% | 1.38 | +1.5% | 2.41 | +1.8% | 3.87 | +1.7% | 0.47 | +5.6% |
| EU-27 | 0.00 | 0.0% | 1.48 | -3.3% | 0.05 | 0.0% | 0.84 | +5.5% | 0.69 | -12.1% | 0.00 | 0.0% |
| Share % | 0.0% | 30.1% | 3.6% | 34.9% | 17.8% | 0.0% | ||||||
| United States | 0.10 | +3.2% | 1.01 | +3.9% | 0.00 | 0.0% | 0.64 | -5.5% | 0.39 | +29.3% | 0.09 | -10.2% |
| Share % | 22.7% | 20.5% | 0.0% | 26.6% | 10.1% | 19.1% | ||||||
| India | 0.03 | +25.0% | 0.79 | +2.6% | 0.00 | 0.0% | 0.01 | +60.0% | 0.78 | +2.5% | 0.03 | +13.3% |
| Share % | 6.8% | 16.1% | 0.0% | 0.4% | 20.2% | 6.4% | ||||||
| New Zealand | 0.10 | +60.0% | 0.45 | 0.0% | 0.01 | 0.0% | 0.44 | +6.4% | 0.01 | 0.0% | 0.11 | +10.4% |
| Share % | 22.7% | 9.1% | 0.7% | 18.3% | 0.3% | 23.4% | ||||||
| Australia | 0.02 | -8.3% | 0.18 | +5.9% | 0.01 | 0.0% | 0.15 | -4.5% | 0.03 | 0.0% | 0.04 | +68.2% |
| Share % | 4.5% | 3.7% | 0.7% | 6.2% | 0.8% | 8.5% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| SMP - Balance sheet in Mio Tons | Year 2026 (Forecast made in January) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 0.43 | +11.7% | 4.85 | +1.4% | 1.37 | +1.5% | 2.32 | +0.3% | 3.90 | +3.2% | 0.44 | +1.9% |
| EU-27 | 0.00 | 0.0% | 1.43 | -0.7% | 0.04 | 0.0% | 0.75 | -1.3% | 0.72 | 0.0% | 0.00 | 0.0% |
| Share % | 0.0% | 29.5% | 2.9% | 32.3% | 18.5% | 0.0% | ||||||
| United States | 0.10 | 0.0% | 1.05 | +5.5% | 0.00 | 0.0% | 0.67 | -0.1% | 0.38 | +17.1% | 0.10 | 0.0% |
| Share % | 23.3% | 21.6% | 0.0% | 28.9% | 9.7% | 22.7% | ||||||
| India | 0.03 | +25.0% | 0.79 | +2.6% | 0.00 | 0.0% | 0.01 | +16.7% | 0.78 | +2.8% | 0.03 | +13.3% |
| Share % | 7.0% | 16.3% | 0.0% | 0.4% | 20.0% | 6.8% | ||||||
| New Zealand | 0.09 | +41.7% | 0.45 | -1.1% | 0.01 | 0.0% | 0.44 | +3.6% | 0.01 | 0.0% | 0.09 | +5.9% |
| Share % | 20.9% | 9.3% | 0.7% | 19.0% | 0.3% | 20.5% | ||||||
| Australia | 0.02 | 0.0% | 0.17 | 0.0% | 0.01 | 0.0% | 0.16 | 0.0% | 0.03 | 0.0% | 0.02 | 0.0% |
| Share % | 4.7% | 3.5% | 0.7% | 6.9% | 0.8% | 4.5% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| SMP - Balance sheet in Mio Tons | Year 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 0.38 | +1.3% | 4.87 | +2.9% | 1.36 | -1.2% | 2.36 | +0.8% | 3.81 | +1.2% | 0.44 | +15.6% |
| EU-27 | 0.00 | 0.0% | 1.53 | +6.3% | 0.05 | +9.8% | 0.80 | +11.2% | 0.78 | +2.0% | 0.00 | 0.0% |
| Share % | 0.0% | 32.0% | 3.7% | 34.6% | 20.7% | 0.0% | ||||||
| United States | 0.10 | +4.4% | 0.98 | -5.4% | 0.00 | +100.0% | 0.68 | -9.3% | 0.30 | +5.3% | 0.10 | +3.2% |
| Share % | 26.0% | 20.5% | 0.0% | 29.4% | 7.9% | 23.3% | ||||||
| India | 0.02 | +20.0% | 0.77 | +2.0% | 0.00 | +∞ | 0.01 | -44.4% | 0.76 | +2.4% | 0.03 | +25.0% |
| Share % | 5.2% | 16.1% | 0.0% | 0.4% | 20.1% | 7.0% | ||||||
| New Zealand | 0.06 | -11.8% | 0.45 | +2.3% | 0.01 | +66.7% | 0.41 | -7.3% | 0.01 | 0.0% | 0.10 | +60.0% |
| Share % | 15.6% | 9.4% | 0.7% | 17.7% | 0.3% | 23.3% | ||||||
| Australia | 0.02 | -31.4% | 0.17 | -1.2% | 0.01 | -9.1% | 0.16 | -7.6% | 0.03 | +4.2% | 0.02 | -8.3% |
| Share % | 5.2% | 3.6% | 0.7% | 6.9% | 0.8% | 4.7% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| WMP - Balance sheet in Mio Tons | Year 2026 (Forecast made in July) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country |
Beginning Stocks
|
Production
|
Import
|
Export
|
Consumption
|
Ending Stocks
|
||||||
| World | 0.57 | +10.1% | 4.41 | +0.2% | 1.06 | -0.9% | 2.03 | +8.5% | 3.53 | -0.6% | 0.48 | -14.8% |
| New Zealand | 0.33 | +30.0% | 1.43 | +0.7% | 0.00 | 0.0% | 1.50 | +13.0% | 0.02 | 0.0% | 0.24 | -26.8% |
| Share % | 57.9% | 32.4% | 0.0% | 73.9% | 0.6% | 50.0% | ||||||
| China | 0.13 | -10.3% | 1.14 | -1.3% | 0.42 | -2.6% | 0.04 | -29.8% | 1.50 | -2.2% | 0.14 | +7.7% |
| Share % | 22.8% | 25.9% | 39.6% | 2.0% | 42.5% | 29.2% | ||||||
| Brazil | 0.00 | 0.0% | 0.61 | +1.7% | 0.14 | +6.9% | 0.00 | 0.0% | 0.74 | +2.6% | 0.00 | 0.0% |
| Share % | 0.0% | 13.8% | 13.2% | 0.0% | 21.0% | 0.0% | ||||||
| EU-27 | 0.00 | 0.0% | 0.53 | -5.4% | 0.01 | -41.2% | 0.16 | -10.1% | 0.38 | -4.8% | 0.00 | 0.0% |
| Share % | 0.0% | 12.0% | 0.9% | 7.9% | 10.8% | 0.0% | ||||||
| Argentina | 0.03 | -29.5% | 0.22 | +12.8% | 0.00 | 0.0% | 0.17 | +14.9% | 0.06 | +5.0% | 0.02 | -41.9% |
| Share % | 5.3% | 5.0% | 0.0% | 8.4% | 1.7% | 4.2% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| WMP - Balance sheet in Mio Tons | Year 2026 (Forecast made in January) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 0.50 | -2.7% | 4.40 | -0.4% | 1.03 | +0.9% | 1.88 | -0.7% | 3.57 | +0.1% | 0.49 | -2.4% |
| New Zealand | 0.28 | +11.2% | 1.40 | -1.4% | 0.00 | 0.0% | 1.38 | 0.0% | 0.02 | 0.0% | 0.29 | +2.9% |
| Share % | 56.0% | 31.8% | 0.0% | 73.4% | 0.6% | 59.2% | ||||||
| China | 0.12 | -17.2% | 1.12 | -1.8% | 0.43 | 0.0% | 0.06 | 0.0% | 1.50 | -2.3% | 0.11 | -8.3% |
| Share % | 24.0% | 25.5% | 41.7% | 3.2% | 42.0% | 22.4% | ||||||
| Brazil | 0.00 | 0.0% | 0.61 | +1.7% | 0.14 | -1.5% | 0.00 | 0.0% | 0.74 | +1.1% | 0.00 | 0.0% |
| Share % | 0.0% | 13.9% | 13.6% | 0.0% | 20.7% | 0.0% | ||||||
| EU-27 | 0.00 | 0.0% | 0.59 | -1.7% | 0.02 | 0.0% | 0.16 | -8.8% | 0.45 | +1.1% | 0.00 | 0.0% |
| Share % | 0.0% | 13.4% | 1.9% | 8.5% | 12.6% | 0.0% | ||||||
| Argentina | 0.03 | -29.5% | 0.20 | +7.7% | 0.00 | 0.0% | 0.15 | +7.4% | 0.06 | +5.0% | 0.02 | -38.7% |
| Share % | 6.0% | 4.5% | 0.0% | 8.0% | 1.7% | 4.1% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
| WMP - Balance sheet in Mio Tons | Year 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country | Beginning Stocks | Production | Import | Export | Consumption | Ending Stocks | ||||||
| World | 0.51 | -3.9% | 4.40 | -0.3% | 1.07 | +4.5% | 1.87 | +0.3% | 3.55 | -1.2% | 0.57 | +10.1% |
| New Zealand | 0.25 | +13.6% | 1.42 | 0.0% | 0.00 | 0.0% | 1.33 | -3.3% | 0.02 | 0.0% | 0.33 | +30.0% |
| Share % | 48.6% | 32.1% | 0.0% | 70.1% | 0.6% | 66.0% | ||||||
| China | 0.15 | -17.1% | 1.15 | -1.7% | 0.43 | +4.2% | 0.06 | +171.4% | 1.53 | -3.4% | 0.13 | -10.3% |
| Share % | 29.2% | 26.0% | 42.0% | 3.2% | 43.0% | 26.0% | ||||||
| Brazil | 0.00 | 0.0% | 0.60 | +1.7% | 0.13 | -10.9% | 0.00 | -66.7% | 0.73 | -0.5% | 0.00 | 0.0% |
| Share % | 0.0% | 13.6% | 12.7% | 0.0% | 20.5% | 0.0% | ||||||
| EU-27 | 0.00 | 0.0% | 0.56 | -8.6% | 0.02 | +13.3% | 0.18 | -14.8% | 0.40 | -4.8% | 0.00 | 0.0% |
| Share % | 0.0% | 12.7% | 2.0% | 9.5% | 11.2% | 0.0% | ||||||
| Argentina | 0.04 | -12.0% | 0.20 | +12.7% | 0.00 | 0.0% | 0.15 | +22.3% | 0.06 | +3.4% | 0.03 | -29.5% |
| Share % | 7.8% | 4.5% | 0.0% | 7.9% | 1.7% | 6.0% | ||||||
| Source: USDA, Latest update: 2026-07-24 | ||||||||||||
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 2026 on Jan-Mar 2025 | ||||||||
| EU-27 |
+4,7%
+1.672
|
+2,9%
+22
|
+6,2%
+352
|
+0,2%
+67
|
+1.276 | |||
| New Zealand |
+5,5%
+331
|
+2,3%
+1
|
+0,1%
+7
|
0%
0
|
+324 | |||
| USA |
+3,1%
+788
|
-13,8%
-77
|
+13,5%
+409
|
+3,6%
+841
|
-539 | |||
| United Kingdom |
+3,1%
+121
|
+5,6%
+64
|
+23,1%
+187
|
+0,4%
+17
|
-19 | |||
| Australia |
+1,6%
+31
|
+4,1%
+15
|
-6,9%
-67
|
+0,4%
+7
|
+106 | |||
| Argentina |
+9,4%
+235
|
+35,8%
+2
|
+37,3%
+142
|
+5,2%
+74
|
+22 | |||
| Uruguay |
+8,4%
+38
|
+32,2%
+4
|
-3,9%
-17
|
0%
0
|
+59 | |||
| Chile |
+4,5%
+26
|
+19,0%
+29
|
+32,3%
+28
|
+2,1%
+2
|
+26 | |||
| TOTAL |
+4,2%
+3.243
|
+2,0%
+60
|
+6,1%
+1.040
|
+1,5%
+1.007
|
+1.255 | |||
|
Last update: 2026-07-24 (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
|
||||||||
| « 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 2025 on Jan-Dec 2024 | ||||||||
| EU-27 |
+1,7%
+2.504
|
+6,5%
+198
|
+3,7%
+870
|
+3,4%
+4.694
|
-2.862 | |||
| New Zealand |
+1,8%
+398
|
+35,6%
+48
|
-2,0%
-383
|
0%
0
|
+829 | |||
| USA |
+2,6%
+2.617
|
-4,4%
-95
|
+2,2%
+276
|
-0,9%
-830
|
+3.076 | |||
| United Kingdom |
+4,9%
+760
|
+4,1%
+193
|
+14,8%
+474
|
+1,2%
+200
|
+279 | |||
| Australia |
-2,1%
-181
|
+7,5%
+99
|
-3,5%
-138
|
+0,7%
+45
|
+12 | |||
| Argentina |
+9,7%
+1.059
|
+65,0%
+9
|
+13,4%
+232
|
+7,7%
+400
|
+436 | |||
| Uruguay |
+8,3%
+176
|
+4,6%
+2
|
+5,4%
+86
|
0%
0
|
+92 | |||
| Chile |
+6,2%
+143
|
-6,9%
-48
|
+47,5%
+137
|
-9,6%
-39
|
-3 | |||
| TOTAL |
+2,4%
+7.476
|
+3,3%
+404
|
+2,4%
+1.553
|
+1,7%
+4.470
|
+1.858 | |||
|
Last update: 2026-07-24 (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
|
||||||||
| « 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 2025 on Jan-Dec 2024 | ||||||||
| EU-27 |
+5,6%
+65
|
+10,9%
+4
|
+11,1%
+80
|
-1,2%
-8
|
-2 | |||
| USA |
-4,1%
-42
|
+411,4%
+3
|
-9,3%
-69
|
-14,8%
-57
|
+87 | |||
| New Zealand |
+1,4%
+6
|
+93,8%
+3
|
-7,4%
-33
|
0%
0
|
+42 | |||
| Australia |
+0,2%
+0
|
-12,4%
-1
|
-7,3%
-12
|
+4,2%
+1
|
+10 | |||
| TOTAL |
+1,1%
+30
|
+15,6%
+9
|
-1,7%
-34
|
-5,9%
-64
|
+137 | |||
|
Last update: 2026-04-16 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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 2024 on Jan-Dec 2023 | ||||||||
| EU-27 |
-6,2%
-77
|
+13,9%
+5
|
-7,7%
-59
|
+7,6%
+47
|
-59 | |||
| USA |
-11,9%
-138
|
-25,6%
-0
|
-8,0%
-65
|
-0,3%
-1
|
-73 | |||
| New Zealand |
+12,8%
+50
|
+1,4%
+0
|
-2,2%
-10
|
-16,7%
-2
|
+61 | |||
| Australia |
+19,7%
+29
|
-15,7%
-2
|
+27,1%
+36
|
-14,3%
-4
|
-6 | |||
| TOTAL |
-4,7%
-137
|
+5,0%
+3
|
-4,5%
-98
|
+3,8%
+40
|
-76 | |||
|
Last update: 2026-04-16 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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 2025 on Jan-Dec 2024 | ||||||||
| New Zealand |
0,0%
-0
|
+7,5%
+0
|
-3,3%
-45
|
0%
0
|
+45 | |||
| EU-27 |
-5,2%
-32
|
+12,9%
+2
|
-14,9%
-31
|
-0,6%
-3
|
+4 | |||
| Australia |
-5,0%
-1
|
+2,3%
+1
|
-9,0%
-5
|
0%
0
|
+5 | |||
| USA |
+15,6%
+8
|
+18,5%
+3
|
+55,7%
+14
|
0%
0
|
-3 | |||
| TOTAL |
-1,2%
-25
|
+8,8%
+6
|
-4,0%
-67
|
-0,5%
-3
|
+51 | |||
|
Last update: 2026-04-16 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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 2024 on Jan-Dec 2023 | ||||||||
| New Zealand |
+1,4%
+20
|
-22,2%
-0
|
+0,5%
+7
|
0%
0
|
+13 | |||
| EU-27 |
-13,3%
-94
|
-13,7%
-2
|
-19,8%
-52
|
+4,8%
+22
|
-66 | |||
| Australia |
+2,6%
+1
|
-21,0%
-10
|
+46,3%
+17
|
-33,3%
-10
|
-17 | |||
| USA |
+0,8%
+0
|
+30,7%
+4
|
-1,2%
-0
|
+11,1%
+4
|
+1 | |||
| TOTAL |
-3,3%
-72
|
-10,3%
-8
|
-1,6%
-27
|
+3,0%
+16
|
-69 | |||
|
Last update: 2026-04-16 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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-Aug 2025 on Jan-Aug 2024 | ||||||||
| New Zealand |
+17,6%
+58
|
+131,6%
+0
|
+13,2%
+36
|
0%
0
|
+22 | |||
| EU-27 |
+5,0%
+68
|
+127,1%
+28
|
-3,1%
-6
|
+8,8%
+109
|
-8 | |||
| USA |
+6,4%
+44
|
-23,8%
-16
|
+155,9%
+44
|
-2,4%
-17
|
+1 | |||
| United Kingdom |
+9,0%
+0
|
+0,1%
+0
|
+12,9%
+4
|
-1,0%
-1
|
-2 | |||
| Australia |
+17,3%
+3
|
-0,7%
-0
|
-20,7%
-3
|
+3,1%
+1
|
+5 | |||
| TOTAL |
+7,2%
+172
|
+7,8%
+12
|
+14,4%
+75
|
+4,3%
+92
|
+17 | |||
|
Last update: 2026-02-08 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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 2024 on Jan-Dec 2023 | ||||||||
| New Zealand |
+0,9%
+5
|
+15,2%
+0
|
-9,1%
-43
|
0%
0
|
+48 | |||
| EU-27 |
-6,7%
-142
|
-32,4%
-17
|
-5,1%
-15
|
-1,4%
-26
|
-119 | |||
| USA |
+5,9%
+56
|
+34,3%
+28
|
+29,4%
+11
|
+6,3%
+63
|
+11 | |||
| United Kingdom |
-6,8%
-0
|
+9,7%
+6
|
-19,5%
-11
|
-1,0%
-2
|
+18 | |||
| Australia |
+7,9%
+3
|
-11,7%
-6
|
+136,8%
+13
|
+1,6%
+1
|
-17 | |||
| TOTAL |
-2,2%
-78
|
+4,4%
+11
|
-5,2%
-45
|
+1,1%
+36
|
-59 | |||
|
Last update: 2026-02-08 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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-Aug 2025 on Jan-Aug 2024 | ||||||||
| EU-27 |
+0,8%
+54
|
+5,8%
+7
|
+0,3%
+3
|
+2,0%
+118
|
-60 | |||
| USA |
+2,7%
+119
|
-3,6%
-5
|
+15,3%
+54
|
-0,2%
-7
|
+67 | |||
| New Zealand |
+18,8%
+49
|
+13,3%
+1
|
+14,6%
+36
|
0%
0
|
+14 | |||
| United Kingdom |
+3,6%
+0
|
+3,4%
+10
|
-0,5%
-1
|
+2,5%
+13
|
-2 | |||
| Australia |
-0,8%
-2
|
+8,2%
+6
|
+2,4%
+3
|
+1,4%
+3
|
-2 | |||
| TOTAL |
+1,9%
+220
|
+3,0%
+19
|
+5,4%
+95
|
+1,2%
+127
|
+17 | |||
|
Last update: 2025-12-16 (e) Estimated data
Information Note
SOURCE
|
||||||||
| « 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 2024 on Jan-Dec 2023 | ||||||||
| EU-27 |
+2,4%
+230
|
+7,6%
+13
|
+0,1%
+1
|
+2,8%
+240
|
+2 | |||
| USA |
+0,6%
+37
|
+11,3%
+22
|
+18,0%
+79
|
+0,2%
+15
|
-35 | |||
| New Zealand |
+3,8%
+14
|
-33,1%
-5
|
+0,1%
+0
|
0%
0
|
+9 | |||
| United Kingdom |
-3,7%
-0
|
+3,9%
+17
|
+9,8%
+18
|
-2,9%
-22
|
+21 | |||
| Australia |
+0,3%
+1
|
-6,4%
-7
|
+28,8%
+37
|
+1,5%
+5
|
-48 | |||
| TOTAL |
+1,7%
+283
|
+4,4%
+40
|
+5,4%
+135
|
+1,5%
+238
|
-50 | |||
|
Last update: 2025-12-16 (e) Estimated data
Information Note
SOURCE
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 /Ton |
US (2026-07-24) |
OCEANIA (2026-07-17) |
EU¹ (2026-07-22) |
GDT² (2026-07-21) |
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| Product | Value | % Chg* | Value | % Chg* | Value | % Chg* | Value | % Chg* |
| CHEESE | 3.544 | -1,2% | 4.100 | -8,6% | 3.800 | +0,3% | 3.475 | - |
| BUTTER | 3.323 | -5,2% | 5.563 | -4,7% | 4.567 | +2,0% | 5.306 | -1,3% |
| SMP | 3.351 | -5,6% | 3.250 | -11,3% | 3.254 | +1,7% | 3.190 | +2,5% |
| WMP | 4.652 | -0,9% | 3.475 | -2,5% | 3.739 | +0,9% | 3.480 | +1,5% |
| WHEY POWDER | 1.455 | 0,0% | 2.192 | +1,7% | ||||
| MILK (US$/100Kg) | 46,96 | +2,4% | 43,49 | +0,8% | 48,77 | -2,0% | ||
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*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 |
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Show/Hide Global Snapshot in €
 /Ton |
US (2026-07-24) |
OCEANIA (1784239200) |
EU¹ (2026-07-22) |
GDT² (2026-07-21) |
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| Product | Value | % Chg* | Value | % Chg* | Value | % Chg* | Value | % Chg* |
| CHEESE | 3.111 | -0,6% | 3.585 | -8,5% | 3.323 | +0,3% | 3.041 | +inf% |
| BUTTER | 2.917 | -4,6% | 4.864 | -4,6% | 4.000 | +1,9% | 4.644 | -1,4% |
| SMP | 2.945 | -5,1% | 2.842 | -11,2% | 2.850 | +1,6% | 2.792 | +2,4% |
| WMP | 4.089 | -0,4% | 3.039 | -2,3% | 3.275 | +0,8% | 3.046 | +1,4% |
| WHEY POWDER | 1.279 | +0,5% | 1.920 | +1,6% | ||||
| MILK (€/100Kg) | 40,23 | +2,7% | 37,26 | +1,1% | 42,34 | -0,7% | ||
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*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 |
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FOCUS Price Products € in real time
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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. |
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World Supply and Demand
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BUTTER Stocks
· US Stocks: Jun 30, 2026 150.653 tons (-1.0% on May 31, 2026; -6.6% on Jun, 2025)
· EU-27
Consumption (Production + Import - Export): Mar 31,2026: 173.521 tons (+6,2% on Feb 28, 2026; +8,9% on Mar, 2025)
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SMP Stocks
· US Stocks: May 31, 2026 111.940 tons (+0.4% on Apr 30, 2026; -3.9% on May, 2025)
· EU-27
Consumption (Production + Import - Export): Mar 31,2026 58.804 tons (+17,8% on Feb 28, 2026; +41,2% on Mar, 2025)
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CHEESE Stocks
· US Stocks: Jun 30, 2026 650.035 tons (+1.1% on May 31, 2026; -0.8% on Jun, 2025)
· EU-27
Consumption (Production + Import - Export): Mar 31,2026 0 tons (+17,8% on Feb 28, 2026; +41,2% on Mar, 2025)
· ITALY
Grana Padano Stocks:
- Marked PDO: Jun 30, 2026 2.006.417 number of wheels (-1,5% on 31 May 2026; +2,7% on Jun, 2025)
- Total: Jun 30, 2026 0 number of wheels (+nan% on 31 May 2026; -100,0% on Jun, 2025)
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DRY WHEY Stocks
· US Stock: May 31, 2026 28.576 tons (+3.5% rispetto a Apr 30, 2026; +0.9% rispetto a May, 2025)
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.
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▸
New Zealand Butter Export: +36,4% (Jun '26) **
▸ Argentina Cheese Export: +40,7% (Jun '26) **
▸ China WMP Import: +26,9% (Jun '26) **
▸ EU-27 Butter Export: +45,5% (May '26) **
Show/Hide all ALERT
▸ Argentina WMP Export: +73,6% (Jun '26) **
▸ China Packed Milk Import: -34,7% (Jun '26) **
▸ New Zealand Cheese Export: +17,6% (Jun '26) **
▸ China Infant milk formula Import: +26,1% (Jun '26) **
▸ China Cream Import: +25,4% (Jun '26) **
▸ New Zealand Bulk and Packed Milk Export: -17,8% (Jun '26) **
▸ China Cheese Import: +43,4% (Jun '26) **
▸ Philippines SMP Import: -29,3% (Apr '26) **
▸ Egypt Butter Import: +17,5% (Feb '26) **
▸ New Zealand SMP Export: +53,0% (Jun '26) **
▸ EU-27 Milk in packings of <= 2 L Export: +2,3% (May '26) **
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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Amul: the future is in Proteins and the Cooperative, not in the stock exchangeJayen Mehta – Managing director of Gujarat Cooperative Milk Marketing Federation (Amul), India By: The CLAL Team and Leo Bertozzi ... read
The changing landscape of Livestock Diseases in 2025By: Alberto Lancellotti In recent months, various animal diseases have raised increasing concern across the livestock sector, both globally... read
United States tariffs: follow the evolution of Dairy tradeBy: Alberto Lancellotti In a context of uncertainty linked to the possible introduction of new tariffs by the United States on dairy ... read
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GlobalDairyTrade results of July 21, 2026
Change in Price Index from Previous Event: +1,5 %
Average Winning Price: 3.815 US$ / Ton
Average price USD / Ton Change AMF (Anhydrous Milk Fat) 6.405 +1,1 % BMP (Butter Milk Powder) 4.737 +10,5 % BUTTER 82% 5.303 -0,6 % RENNET CASEIN n.a. - CHEDDAR 3.586 -6,5 % LACTOSE 1.721 +2,0 % MOZZARELLA 3.940 +1,3 % MPC (Milk Protein Concentrate) n.a. - SMP (Skim. milk Powder) 3.234 +2,8 % SWP (Sweet Whey Powder) n.a. - WMP (Whole milk Powder) 3.486 +1,6 % Next GlobalDairyTrade Event: August 04, 2026 -
ITALY: Import/Export as of April 30, 2026
Exports of G.Padano + P.Reggiano: +2,61 % Exports of Gorgonzola: -2,52 % Exports of Grated cheese: +2,58 % Imports of Full-fat bulk milk: -16,62 % Imports of Packed semi-skimmed milk: -11,87 % Next Update: August 11, 2026
a new project:
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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