< >

Market News

World

Japan: Farm gate milk price In aumento +3,86%
Belarus: Milk Production In aumento +2,86%
Russia: Milk Production In calo -1,44%
Japan: Caseins price In aumento +1,08%
Argentina: Farm gate milk price In aumento +1,85%
US: Cheese 40# Blocks price In aumento +8,03%

Europe

Poland: Butter price (82%) In calo -1,57%
Netherlands: Butter price (82%) In aumento +1,87%
France: Butter price (82%) In calo -0,57%
France: SMP price (Poudre 0%) In aumento +2,93%
DE, Hannover: Edamer 40% price In calo -2,78%
DE, Hannover: Gouda 45% price In calo -2,78%

Italy

IT, Lombardy: Farm gate milk price In aumento +1,06%
IT, Verona: foreign Whole Spot Milk price In aumento +8,89%
IT, Verona: foreign Skim Spot Milk price In aumento +23,08%
IT, Verona: Spot milk price In aumento +4,08%
IT, Milan: Grana Padano PDO (9 months) price In aumento +0,52%
IT, Milan: Pecorino Romano PDO (5 months) price In calo -1,89%
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

Click on a frame for more information and charts.


Show the data of: Previous year

Milk - Balance sheet in Mio Tons | Year 2026 (Forecast made in December)
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: 2025-12-20

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-Apr 2026 on Jan-Apr 2025
EU-27
+2.034
-49
+475
+89
+1.421
New Zealand
+419
+7
+284
0
+142
USA
+1.023
-84
+600
+1.121
-782
United Kingdom
+117
+112
+94
+23
+112
Australia
+56
+25
-111
+9
+183
Argentina
+240
+2
+203
+98
-60
Uruguay
+53
+7
+4
0
+56
Chile
+32
+37
+18
+3
+48
TOTAL
+3.973
+57
+1.568
+1.343
+1.119

Last update: 2026-06-20
(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
(2026-07-10)
OCEANIA
(2026-07-03)
EU¹
(2026-07-08)
GDT²
(2026-07-07)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.412 +8,0% 4.488 -1,4% 3.760 +6,6% n.a. -
BUTTER 3.638 +0,8% 5.838 0,0% 4.430 +0,3% 5.374 -5,4%
SMP 3.594 -3,0% 3.663 0,0% 3.138 +1,5% 3.112 -6,9%
WMP 4.828 +1,4% 3.563 -2,1% 3.527 +1,0% 3.428 -4,5%
WHEY POWDER 1.433 0,0%     2.189 +0,3%    
MILK (US$/100Kg) 46,96 +2,4% 43,49 +0,8% 48,77 -2,0%    
*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
(2026-07-10)
OCEANIA
(1783029600)
EU¹
(2026-07-08)
GDT²
(2026-07-07)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 2.984 +8,2% 3.920 -1,2% 3.285 +6,2% n.a. -
BUTTER 3.181 +0,9% 5.099 +0,2% 3.875 0,0% 4.708 -3,8%
SMP 3.144 -2,8% 3.199 +0,2% 2.745 +1,1% 2.726 -5,3%
WMP 4.224 +1,5% 3.112 -1,9% 3.085 +0,7% 3.003 -2,9%
WHEY POWDER 1.254 +0,2%     1.915 0,0%    
MILK (€/100Kg) 40,23 +2,7% 37,26 +1,1% 42,34 -0,7%    
*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 13 Jul 2026 +7,6% -27,1%
      ▸ farm-gate EU (13 country) Jun 2026 -1,0% -20,7%
      ▸ farm-gate USA May 2026 +2,7% -3,8%
  PDO cheeses…
      ▸ hard Italy 13 Jul 2026 +0,0% +4,2%
      ▸ semi-hard Italy 13 Jul 2026 -0,1% -3,7%
      ▸ fresh Italy 13 Jul 2026 0,0% -5,1%
Cheeses Germany and Oceania 8 Jul 2026 -0,8% -8,8%
Butter Italy, Germany and Oceania 13 Jul 2026 +0,1% -39,8%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 10 Jul 2026 -0,3% +23,0%
Whey powder Germany and USA 10 Jul 2026 +0,1% +40,8%
  Feed input
      ▸ Corn Italy and USA 9 Jul 2026 +1,2% -4,8%
      ▸ Soybeans Italy and USA 13 Jul 2026 +4,9% +13,4%
      ▸ GMO Soybean Meal Italy 13 Jul 2026 +0,9% +29,0%
Oil Europe 3 Jul 2026 -5,3% +0,1%
Retail price
PDO hard cheeses Italy May 2026 +4,4% -0,9%
Fresh cheeses Italy May 2026 -0,8% -3,0%
Butter Italy May 2026 +0,8% -12,5%
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

  • CHEESE Stocks
    · US Stocks: May 31, 2026 645.489 tons (+0.9% on Apr 30, 2026; -1.0% on May, 2025)
    · EU-27
    Consumption (Production + Import - Export): Mar 31,2026 0 tons (+17,9% 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)

  • 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

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.


Register on CLAL.itsign up

The subscription to the newsletter is free and allows to receive timely updates via e-mail regarding: new web pages, news about the dairy market, fluctuations in the price and production of dairy products in Italy and Worldwide.


Sign up »
for the on-line services
offered by CLAL.it.

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.


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.


a new project:Sistema Stalla Performance and Competitiveness of Italian Dairy Farms
 

CLAL focus on: Stracchino Nonno Nanni

Name:
Stracchino Nonno Nanni
Company:
Latteria Montello S.p.A.
Headquarter and production site:
Italy - Giavera del Montello (TV
Products:
Nonno Nanni Fresh Cheeses

It's a creamy cheese, made from pasteurized milk, added with milk living ferments.

Prepared according to Italian tradition, Nonno Nanni Stracchino, is a unique, natural and free of preservatives cheese containing over 2 billion lactic ferments per gram. Its soft pasta is the result of a unique and skilful balance between fresh milk and milk ferments.

enter
loading...

The Agricultural Market News are now available on TESEO.clal.it: click here.

CLAL.it Supporting Partners

Organizations and Large Retailers

< >

Milk and Dairy Processors

< >

Technology, Food, Animal

< >
Due to extraordinary maintenance, some site features may be temporarily unavailable. Thank you for your understanding.