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Market News

World

US: Cow's milk production In calo -0,87%
US: Cheese 40# Blocks price In calo -6,35%
Oceania: Cheddar price In aumento +4,60%
Oceania: Whole Milk Powder (WMP) price In calo -1,45%
Oceania: Butter price (82%) In aumento +16,50%
US: Acid Casein price In calo -2,50%

Europe

Western Europe: Whey Powder Sweet price In calo -2,22%
Western Europe: WMP price In calo -1,18%
Western Europe: SMP price In calo -0,88%
Western Europe: Butter price (82%) In calo -1,01%
Lithuania: Farm gate milk price In calo -4,48%
Germany: Sweet Whey feed quality price In calo -2,94%

Italy

IT, Parma: Parmig. Regg. PDO (30 months) price In aumento +0,40%
IT, Parma: Parmig.Regg. (24 months) price In aumento +0,40%
IT, Parma: Parmig. Regg. PDO (15 months) price In aumento +0,44%
IT, Parma: Parmig.Regg. (12 months) price In aumento +0,45%
IT, Parma: Churned butter price In calo -1,15%
IT, Verona: foreign Skim Spot Milk price In calo -2,56%
Information Note
  1. Market News evidences only the changes; should no price change or no quotation take place, any mention will be made.
  2. The change/variation concerning PRODUCTION/OUTPUT quantity refers to the same period of the previous year.
  3. The change/variation concerning STOCK quantity refers to the previous month.
  4. The change/variation of price refers to PRICES expressed in local currency (for both EU and the World). The change refers to the previous week/month/year, as the case may be. In the case of dual-listed (min and max), changes are calculated using the MAX PRICE.

Processing input costs

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Show the data of: Previous year

Milk - Balance sheet in Mio Tons | Year 2024 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 552.03+0.4% 119.43+2.2% 196.12+0.8% 470.23+0.7%
India 99.50 +0.5% 110.70 +2.4% 89.00 +2.2% 121.18 +1.0%
Share % 18.0% 92.7% 45.4% 25.8%
EU-27 144.60 -0.1% 4.20 -0.1% 23.65 -0.2% 124.64 -0.1%
Share % 26.2% 3.5% 12.1% 26.5%
United States 103.87 +0.9% 0.00 0.0% 20.40 -1.2% 82.84 +1.4%
Share % 18.8% 0.0% 10.4% 17.6%
China 41.50 +1.2% 1.20 0.0% 17.00 +1.7% 26.48 +1.0%
Share % 7.5% 1.0% 8.7% 5.6%
Russia 32.50 +0.6% 0.00 0.0% 6.70 -1.5% 24.14 +1.4%
Share % 5.9% 0.0% 3.4% 5.1%
Source: USDA, Latest update: 2023-12-20

Global Snapshot

MILK EQUIVALENT | SMP | WMP | BUTTER | CHEESE

Milk Equivalent
('000 Ton)
Δ Milk P. Δ Imp* Δ Exp* Δ Cons* (e) Balance
Δ(P+I-E-C)
Main Players, changes Jan-Apr 2024 on Jan-Apr 2023
EU-27
+503
+92
-143
+61
+676
New Zealand
-54
-10
+464
0
-528
USA
+8
+85
+65
+284
-255
Australia
+118
-61
+271
+41
-256
United Kingdom
+2
-17
+33
-2
-45
Argentina
-512
-8
+145
-204
-460
Uruguay
+3
-7
-34
0
+31
Chile
+13
+58
+30
+5
+36
TOTAL
+82
+133
+832
+185
-802

Last update: 2024-06-22
(e) Estimated data
* Import, Export and Consumption data are in Milk Equivalent (ME), comprehensive of WMP, Cheese, SMP+Butter and Liquid Milk. Import and Export data are also comprehensive of Condensed Milk and Yogurt.

Information Note
SOURCE
  • Production:
    • EU-27: Eurostat, FEGA, AGEA, Zuivel;
    • United Kingdom: DEFRA;
    • New Zealand: DCANZ;
    • US: National Agricultural Statistics Service;
    • Australia: Dairy Australia;
    • Belarus: National Statistical Committee of the Republic of Belarus;
    • Uruguay: INALE;
    • Argentina: Subsecretaría de Lechería - Ministerio de Agroindustria;
    • Ukraine: State Statistics Committee of Ukraine;
    • Chile: ODEPA.
  • Import/Export:
    • UE-27: Eurostat
    • United KIngdom: United Kingdom HMRC
    • New Zealand: Stat.nz
    • US: Census Bureau
    • Chile: ODEPA
    • Australia, Belarus, Uruguay, Argentina, Ukraine: IHS
  • Domestic consumption data calculated by applying the incidence of consumption over production reported by FAS-USDA on the productions obtained from the local sources.
    The domestic consumption changes estimated by the FAS-USDA source are updated every six months (June and December).
Note: The balance sheet at the moment does not consider the trade of FFMP (fat-filled milk powder) - HS 190190, milk powder that has a fat content similar to whole milk powder, but instead of butterfat contains vegetable fats.
« Last year Current year »
 
 
/Ton US
(2024-06-21)
OCEANIA
(2024-06-21)
EU¹
(2024-06-19)
GDT²
(2024-06-18)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.068 -6,3% 4.375 +1,2% 4.136 -2,9% n.a. -
BUTTER 6.812 0,0% 7.863 +9,2% 7.072 -0,6% 7.620 +1,7%
SMP 2.624 +0,8% 2.700 0,0% 2.657 -0,7% 2.660 -2,2%
WMP 4.982 0,0% 3.363 -1,5% 4.125 -0,1% 3.454 -2,2%
WHEY POWDER 965 +2,9%     1.039 -1,7%    
MILK (US$/100Kg) 45,19 -1,0% 35,35 -2,0% 49,97 +1,1%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Cheddar in the European Union (source: European Commission (Milk Market Observatory))
² Contract 2 GDT
n.a.: not available

Show/Hide Global Snapshot in €

/Ton US
(2024-06-21)
OCEANIA
(1718920800)
EU¹
(2024-06-19)
GDT²
(2024-06-18)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.795 -5,8% 4.093 +3,1% 3.871 -1,0% n.a. -
BUTTER 6.355 +0,6% 7.356 +11,3% 6.600 -0,5% 7.114 +2,9%
SMP 2.455 +0,8% 2.526 +2,0% 2.480 -0,6% 2.483 -1,1%
WMP 4.662 0,0% 3.146 +0,5% 3.850 0,0% 3.224 -1,0%
WHEY POWDER 902 +2,9%     970 -1,5%    
MILK (€/100Kg) 42,13 +0,4% 32,95 -0,7% 46,22 +0,3%    
*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

FOCUS Price Products € in real time

  Area Last
updated
± from
prev. price
± from
1 year ago
Price / Quotation
  Whole Milk…
      ▸ “SPOT” Italy 17 Jun 2024 -0,2% +5,2%
      ▸ farm-gate EU (13 country) May 2024 -0,6% -2,3%
      ▸ farm-gate USA Apr 2024 +0,4% +1,7%
  PDO cheeses…
      ▸ hard Italy 17 Jun 2024 0,0% +7,3%
      ▸ semi-hard Italy 17 Jun 2024 0,0% -1,7%
      ▸ fresh Italy 17 Jun 2024 0,0% -2,8%
Cheeses Germany and Oceania 21 Jun 2024 +0,8% +0,6%
Butter Italy, Germany and Oceania 21 Jun 2024 +3,4% +44,5%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 21 Jun 2024 +0,1% +1,1%
Whey powder Germany and USA 21 Jun 2024 +0,4% +29,9%
  Feed input
      ▸ Corn Italy and USA 20 Jun 2024 -1,0% -15,8%
      ▸ Soybeans Italy and USA 20 Jun 2024 -0,1% -4,7%
      ▸ GMO Soybean Meal Italy 20 Jun 2024 -1,1% -11,0%
Oil Europe 14 Jun 2024 +5,3% +8,4%
Retail price
PDO hard cheeses Italy Apr 2024 +3,3% +2,4%
Fresh cheeses Italy Apr 2024 -0,4% -2,8%
Butter Italy Apr 2024 +3,6% -4,6%
Percentage price changes relate to (i) the last quotation period, and to (ii) the same period of the previous year

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World Supply and Demand

  • CHEESE Stocks
    · US Stocks: Apr 30, 2024 662.111 tons (+0.4% on Mar 31, 2024; -0.6% on Apr, 2023)
    · EU-27
    Consumption (Production + Import - Export): Apr 30,2024 0 tons (-9,6% on Mar 31, 2024; -21,0% on Apr, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: May 31, 2024 1.806.674 number of wheels (-5,9% on 30 Apr 2024; -2,4% on May, 2023)
    - Total: May 31, 2024 6.119.347 number of wheels (+0,8% on 30 Apr 2024; +1,3% on May, 2023)

  • DRY WHEY Stocks
    · US Stock: Apr 30, 2024 32.928 tons (-10.7% rispetto a Mar 31, 2024; -8.2% rispetto a Apr, 2023)

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** Compared to the same month of the previous year (Information Note)

Import or Export changes become “Alerts” if the given thresholds are exceeded: Cream ± 20 %, Milk in packings of > 2 l ± 20 %, Milk in packings of <= 2 l ± 20 %, Baby milk ± 15 %, Butter ± 15 %, Cheese ± 15 %, SMP ± 20 %, WMP ± 20 %, Whey powder ± 40 %

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

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