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

Japan: Milk Production	In aumento	+1,19%
Uruguay: Farm gate milk price	In calo	-2,05%
New Zealand: Farm gate milk price	In calo	-0,02%
US: Cheese 40# Blocks price	In aumento	+4,01%
US: Butter, Grade AA price	In aumento	+1,66%
South America: Whole Milk Powder (WMP) price	In calo	-2,04%

Europe

Romania: Farm gate milk price	In calo	-0,88%
Estonia: Farm gate milk price	In calo	-0,95%
Western Europe: WMP price	In aumento	+1,95%
Western Europe: Whey Powder Sweet price	In aumento	+1,82%
Western Europe: SMP price	In aumento	+0,87%
Western Europe: Butter price (82%)	In aumento	+1,99%

Italy

IT, Verona: foreign Skim Spot Milk price	In calo	-6,45%
IT, Verona: Spot milk price	In aumento	+0,72%
IT, Milan: foreign Spot Milk 0,03% price	In calo	-1,67%
IT, Milan: Spot milk price	In aumento	+0,74%
IT, Milan: Parm Reg. PDO (24 months) price	In aumento	+0,63%
IT, Milan: Parm Regg PDO (12 months ) price	In aumento	+0,76%

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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-Apr 2025 on Jan-Apr 2024
EU-27	-1,1% -525	+1,2% +13	-0,3% -24	+0,2% +94	-581
New Zealand	+0,2% +16	+16,3% +6	+3,2% +225	0% 0	-203
USA	+0,2% +60	+14,8% +96	-7,9% -347	+2,5% +802	-299
Australia	-1,8% -48	+5,4% +24	0,0% -1	+1,5% +37	-60
United Kingdom	+3,4% +177	+6,4% +94	+5,2% +58	+0,6% +35	+177
Uruguay	+3,3% +19	+16,3% +2	+12,8% +62	0% 0	-41
Argentina	+11,0% +334	+19,6% +1	-21,7% -136	+3,1% +56	+415
Chile	+8,3% +61	-18,7% -48	+27,8% +27	0% 0	-15
TOTAL	*+0,1%* +94	*+4,8%* +188	*-0,6%* -135	*+1,2%* +1.024	-606
Last update: 2025-06-25 (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-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 2024 on Jan-Dec 2023
EU-27	+0,4% +637	+6,7% +191	-4,3% -1.055	+1,6% +2.150	-268
New Zealand	+1,3% +284	-22,6% -39	-0,1% -24	0% 0	+269
USA	-0,2% -201	+13,0% +248	-0,1% -16	+1,3% +1.211	-1.148
Australia	+2,4% +202	-10,2% -151	+26,1% +812	+2,0% +142	-902
United Kingdom	+1,2% +181	+3,5% +163	-4,7% -157	+0,5% +79	+421
Uruguay	-3,6% -78	-5,9% -3	+2,6% +39	0% 0	-121
Argentina	-6,5% -758	-53,8% -16	+16,8% +248	-15,3% -967	-55
Chile	+3,4% +75	-3,0% -22	+49,8% +96	-1,8% -8	-35
TOTAL	*+0,1%* +341	*+3,2%* +372	*-0,1%* -56	*+1,0%* +2.607	-1.838
Last update: 2025-06-25 (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-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	-11,3% -101	-39,6% -0	-5,6% -34	-39,1% -113	+46
EU-27	-0,4% -4	+14,4% +4	-8,8% -55	+10,3% +47	+9
New Zealand	+7,8% +21	-82,3% -2	-1,0% -3	0% 0	+22
Australia	+5,8% +5	-0,7% -0	+29,9% +27	-23,3% -5	-17
TOTAL	*-3,5%* -79	*+4,6%* +2	*-4,0%* -65	*-9,3%* -72	+60
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	-2,1% -24	+33,8% +0	-3,3% -27	+9,0% +32	-29
EU-27	-5,3% -69	-0,6% -0	+9,7% +68	-17,6% -128	-10
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	*-2,9%* -87	*-1,8%* -1	*+5,6%* +114	*-8,3%* -94	-109
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	+3,7% +35	-27,6% -0	+2,2% +21	0% 0	+14
EU-27	-3,3% -19	-6,9% -1	-20,0% -42	+8,7% +29	-6
Australia	-21,0% -5	-14,3% -5	+36,0% +10	-15,8% -5	-15
USA	+4,2% +2	+15,0% +2	-4,0% -1	+33,3% +9	-5
TOTAL	*+0,9%* +13	*-7,6%* -5	*-1,0%* -12	*+8,3%* +33	-13
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	-8,8% -2	+11,4% +27	-6,6% -31	-11
Australia	-19,6% -7	+17,4% +7	-34,3% -20	+8,6% +3	+17
USA	-19,3% -12	-8,8% -1	-33,9% -13	-10,0% -4	+4
TOTAL	*-1,5%* -33	*+4,7%* +4	*+1,9%* +32	*-5,7%* -32	-29
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	-13,6% -50	-33,2% -0	-11,9% -40	0% 0	-10
EU-27	-2,2% -36	-41,8% -19	-5,5% -12	-1,6% -23	-20
USA	+6,2% +44	+30,4% +18	+12,8% +4	+5,5% +42	+17
United Kingdom	-8,5% -0	+7,6% +3	-25,0% -11	+4,3% +7	+7
Australia	+8,4% +2	-22,0% -8	+149,5% +10	+3,2% +2	-18
TOTAL	*-1,4%* -39	*-3,3%* -6	*-7,8%* -50	*+1,2%* +28	-23
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	+13,6% +34	-0,6% -11	-1
USA	+2,6% +24	+10,8% +8	-47,9% -33	+7,8% +73	-8
United Kingdom	-3,3% -0	+9,7% +5	+11,4% +6	+1,0% +2	-2
Australia	-3,9% -1	+20,1% +8	-45,7% -8	+5,0% +3	+11
TOTAL	*+2,0%* +71	*+2,1%* +5	*+2,3%* +20	*+2,1%* +67	-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	+8,4% +11	+0,2% +2	+2,9% +187	+24
USA	+1,0% +46	+12,0% +17	+20,0% +65	+0,4% +19	-21
New Zealand	-9,7% -28	-38,1% -4	-3,6% -10	0% 0	-22
United Kingdom	-4,0% -0	+4,1% +13	+15,7% +20	-1,2% -7	-0
Australia	-10,5% -28	-10,4% -9	+32,2% +29	+4,1% +11	-77
TOTAL	*+1,5%* +193	*+4,0%* +28	*+5,7%* +106	*+1,8%* +210	-96
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	-7,1% -13	+4,4% +58	+1,2% +98	-10
USA	+0,5% +32	+2,3% +4	-4,0% -18	+1,2% +74	-19
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	*+1,2%* +203	*+3,3%* +30	*+2,5%* +61	*+1,5%* +232	-60
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 (2025-07-04)		OCEANIA (2025-07-04)		EU¹ (2025-07-02)		GDT² (2025-07-01)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.715	+4,0%	4.963	-1,5%	5.548	+5,2%	4.920	-2,1%
BUTTER	5.743	+1,7%	7.600	-6,6%	8.846	+1,7%	7.920	-5,0%
SMP	2.745	-1,6%	2.763	-1,8%	2.834	+1,7%	2.747	-0,5%
WMP	4.762	-0,9%	3.900	-4,0%	5.167	+1,7%	3.967	-5,3%
WHEY POWDER	1.235	+1,8%			1.323	+0,8%
MILK (US$/100Kg)	46,96	+1,4%	45,11	+1,9%	61,21	+2,3%
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 (2025-07-04)		OCEANIA (1751580000)		EU¹ (2025-07-02)		GDT² (2025-07-01)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.153	+3,2%	4.217	-3,6%	4.741	+3,5%	4.198	-3,3%
BUTTER	4.874	+0,9%	6.459	-8,6%	7.490	0,0%	6.758	-6,2%
SMP	2.333	-2,1%	2.348	-3,9%	2.400	0,0%	2.344	-1,8%
WMP	4.047	-1,4%	3.314	-6,1%	4.375	0,0%	3.385	-6,5%
WHEY POWDER	1.049	+1,3%			1.120	-0,9%
MILK (€/100Kg)	41,64	+0,9%	40,00	+1,3%	53,15	+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	7 Jul 2025	+0,2%	+21,9%
	▸ farm-gate	EU (13 country)	Jun 2025	-0,5%	+16,5%
	▸ farm-gate	USA	May 2025	+0,9%	-7,2%
	PDO cheeses…
	▸ hard	Italy	7 Jul 2025	+0,4%	+18,7%
	▸ semi-hard	Italy	7 Jul 2025	+0,3%	+9,2%
	▸ fresh	Italy	7 Jul 2025	0,0%	+11,0%
	Cheeses	Germany and Oceania	4 Jul 2025	-0,3%	+9,0%
	Butter	Italy, Germany and Oceania	7 Jul 2025	-2,8%	+7,5%
	SMP (Skimmed Milk Powder)	Germany, Oceania and USA	4 Jul 2025	-1,8%	-2,4%
	Whey powder	Germany and USA	4 Jul 2025	-0,4%	+20,2%
	Feed input
	▸ Corn	Italy and USA	3 Jul 2025	+1,5%	+8,5%
	▸ Soybeans	Italy and USA	3 Jul 2025	-1,1%	-17,7%
	▸ GMO Soybean Meal	Italy	3 Jul 2025	0,0%	-29,7%
	Oil	Europe	27 Jun 2025	-10,6%	-19,3%
Retail price
	PDO hard cheeses	Italy	May 2025	+5,3%	+14,8%
	Fresh cheeses	Italy	May 2025	+0,3%	+3,1%
	Butter	Italy	May 2025	+1,8%	+14,5%

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: +0,4% (Jan'25 - May'25)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -0,27% (Jan'25 - Feb'25)

BUTTER Stocks
· US Stocks: May 31, 2025 164.005 tons (+7.3% on Apr 30, 2025; -4.8% on May, 2024)
· EU-27
Consumption (Production + Import - Export): Apr 30,2025: 177.912 tons (+6,0% on Mar 31, 2025; +0,1% on Apr, 2024)

SMP Stocks
· US Stocks: May 31, 2025 113.352 tons (-7.9% on Apr 30, 2025; -0.9% on May, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024 47.784 tons (-8,7% on Nov 30, 2024; -18,2% on Dec, 2023)

CHEESE Stocks
· US Stocks: May 31, 2025 640.714 tons (+0.6% on Apr 30, 2025; -1.5% on May, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024 0 tons (-8,7% on Nov 30, 2024; -18,2% on Dec, 2023)
· ITALY

Grana Padano Stocks:
- Marked PDO: May 31, 2025 1.978.232 number of wheels (-2,2% on 30 Apr 2025; +9,5% on May, 2024)
- Total: May 31, 2025 6.480.757 number of wheels (+2,3% on 30 Apr 2025; +5,9% on May, 2024)

DRY WHEY Stocks
· US Stock: May 31, 2025 28.891 tons (+5.3% rispetto a Apr 30, 2025; -1.2% rispetto a May, 2024)

CLALenter

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Dairy Market Alert (Data are being updated)

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.

▸ United States Butter Import: -25,3% (May '25) **
▸ United States Cream Import: +91,6% (May '25) **
▸ United States Butter Export: +153,4% (May '25) **
▸ United States Cheese Import: -32,2% (May '25) **

Show/Hide all ALERT

▸ Australia Bulk and Packed Milk Export: -5,6% (May '25) **
▸ Australia SMP Export: -23,2% (May '25) **
▸ Japan Cream Import: -50,9% (May '25) **
▸ Mexico Cream Import: +345,1% (May '25) **
▸ Malaysia Cream Import: +32,9% (Apr '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.

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United States tariffs: follow the evolution of Dairy trade
By: Alberto Lancellotti In a context of uncertainty linked to the possible introduction of new tariffs by the United States on dairy ... read
Corn and Ethanol: a Strategic Connection
By: Alberto Lancellotti TESEO.clal.it – Corn used for ethanol production in the U.S. Ethanol production has been increasing ... read
CBAM and Fertilizers: focus on EU-27
There are more and more measures implemented within the European Union aiming at reducing the environmental impact of production. However,... read

GlobalDairyTrade results of July 01, 2025

Change in Price Index from Previous Event: -4,1 %
Average Winning Price: 4.274 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	6.928	-4,2 %
BMP (Butter Milk Powder)	3.124	+9,3 %
BUTTER 82%	7.522	-4,3 %
RENNET CASEIN	n.a.	-
CHEDDAR	4.860	-2,8 %
LACTOSE	1.375	+4,2 %
MOZZARELLA	4.790	-0,2 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.718	-1,7 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	3.859	-5,1 %

Next GlobalDairyTrade Event: July 15, 2025

ITALY: Import/Export as of March 31, 2025

Exports of G.Padano + P.Reggiano:	+0,64 %
Exports of Gorgonzola:	-2,14 %
Exports of Grated cheese:	+5,59 %

Imports of Full-fat bulk milk:	-7,74 %
Imports of Packed semi-skimmed milk:	-9,15 %

Next Update: July 16, 2025

a new project: Sistema Stalla

Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Valcolatte

Name:: Mozzarella Bocconcino Valcolatte

Company:: Valcolatte
Base:: Pontenure (PC), Italy
Personnel:: 300 persons
Establishment year:: 1988

Products:: ricotta, mozzarella, provolone, PDO cheeses, stracchino, butter, mascarpone

Mozzarella Valcolatte Bocconcino with milk enzymes is available in packs of 100 g or 125 g.

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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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