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Market News

World

Japan: Caseins price In calo -1,03%
Japan: Farm gate milk price In aumento +3,21%
US: Lactose production In calo -6,60%
US: Nonfat Dry Milk Production (NDM) In aumento +6,70%
US: Cheese production In aumento +2,20%
US: Butter production In aumento +3,92%

Europe

Western Europe: Whey Powder Sweet price In calo -2,33%
Western Europe: WMP price In calo -5,75%
Western Europe: SMP price In calo -4,00%
Western Europe: Butter price (82%) In calo -9,42%
DE, Bavaria: Farm gate milk price In aumento +0,13%
DE, Hannover: Gouda 45% price In calo -5,00%

Italy

IT, Verona: foreign Whole Spot Milk price In aumento +2,33%
IT, Verona: foreign Skim Spot Milk price In aumento +9,76%
IT, Verona: Spot milk price In aumento +0,96%
IT, Milan: Pecorino Romano PDO (5 months) price In aumento +0,71%
IT, Milan: Parm Reg. PDO (24 months) price In calo -0,78%
IT, Milan:  Parm Regg PDO (18 mo.) price In calo -0,84%
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 2023 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 549.48+1.0% 116.79+2.3% 195.32+1.4% 465.96+1.2%
India 99.50 +2.6% 108.00 +2.4% 87.45 +2.9% 120.04 +2.2%
Share % 18.1% 92.5% 44.8% 25.8%
EU-27 143.00 -0.6% 4.20 +1.2% 23.65 -0.6% 122.85 -0.5%
Share % 26.0% 3.6% 12.1% 26.4%
United States 104.10 +1.1% 0.00 0.0% 20.90 -0.4% 82.61 +1.4%
Share % 18.9% 0.0% 10.7% 17.7%
China 40.90 +4.3% 1.20 +4.3% 16.70 +2.8% 26.48 +5.3%
Share % 7.4% 1.0% 8.6% 5.7%
Russia 32.30 +0.5% 0.00 0.0% 6.80 -1.4% 23.80 +1.2%
Share % 5.9% 0.0% 3.5% 5.1%
Source: USDA, Latest update: 2022-12-21

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-Nov 2022 on Jan-Nov 2021
EU-27
-105
+97
-1.865
-1.653
+3.510
New Zealand
-818
-64
-1.991
+69
+1.040
USA
+99
+67
-224
+1.057
-668
Australia
-556
-13
+43
+20
-632
United Kingdom
-106
-67
+52
-74
-151
Argentina
+21
+20
+127
-203
+118
Uruguay
-31
-7
-9
0
-29
Chile
-53
-200
+101
-57
-297
TOTAL
-1.548
-168
-3.766
-842
+2.892

Last update: 2023-01-31
(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
(2023-02-03)
OCEANIA
(2023-02-03)
EU¹
(2023-02-01)
GDT²
(2023-01-17)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.112 -4,8% 4.963 0,0% 5.574 +0,1% 4.889 +4,6%
BUTTER 5.236 +4,5% 4.463 0,0% 4.523 -4,0% 4.425 -1,0%
SMP 2.679 -5,1% 2.863 0,0% 2.708 -3,1% 2.827 +0,3%
WMP 4.828 0,0% 3.175 0,0% 3.846 -3,0% 3.210 +0,4%
WHEY POWDER 794 0,0%     937 -3,0%    
MILK (US$/100Kg) 54,45 -3,5% 41,47 +3,8% 61,35 +0,9%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Mild Cheddar in the United Kingdom (source: AHDB) and Milk European (EU-27) prices refer to Milk Market Observatory.
² Contract 2 GDT
n.a.: not available

Show/Hide Global Snapshot in €

/Ton US
(2023-02-03)
OCEANIA
(1675378800)
EU¹
(2023-02-01)
GDT²
(2023-01-17)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.742 -5,7% 4.537 -1,0% 5.574 +0,1% 4.522 +3,3%
BUTTER 4.765 +3,6% 4.080 -1,0% 4.175 -3,8% 4.093 -2,2%
SMP 2.449 -5,7% 2.617 -1,0% 2.500 -2,9% 2.615 -0,9%
WMP 4.415 -0,7% 2.903 -1,0% 3.550 -2,7% 2.969 -0,8%
WHEY POWDER 726 -0,7%     865 -2,8%    
MILK (€/100Kg) 51,43 -7,0% 40,65 +0,0% 56,97 -0,8%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Mild Cheddar in the United Kingdom (source: AHDB) and Milk European (EU-27) prices refer to 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 6 Feb 2023 +0,9% +1,5%
      ▸ farm-gate EU (13 country) Jan 2023 +0,5% +38,2%
      ▸ farm-gate USA Dec 2022 -7,0% +21,5%
PDO cheeses…
      ▸ hard Italy 6 Feb 2023 -0,8% +7,3%
      ▸ semi-hard Italy 6 Feb 2023 0,0% +34,1%
      ▸ fresh Italy 6 Feb 2023 0,0% +23,2%
Cheeses Germany and Oceania 3 Feb 2023 -1,2% +4,5%
Butter Italy, Germany and Oceania 6 Feb 2023 -2,4% -26,7%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 3 Feb 2023 -3,6% -23,2%
Whey powder Germany and USA 3 Feb 2023 -1,8% -50,6%
Corn Italy and USA 2 Feb 2023 -2,6% +12,6%
Soybeans Italy and USA 2 Feb 2023 -0,6% +6,0%
Oil Europe 27 Jan 2023 +1,6% -4,7%
Retail price
PDO hard cheeses Italy Dec 2022 -1,0% +11,5%
Fresh cheeses Italy Dec 2022 -0,2% +22,8%
Butter Italy Dec 2022 +0,0% +35,4%
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: Oct 31, 2022 656.862 tons (-1.5% on Sep 30, 2022; -0.0% on Oct, 2021)
    · EU-27
    Consumption (Production + Import - Export): Nov 30,2022 0 tons (-29,9% on Oct 31, 2022; -17,1% on Nov, 2021)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Dec 31, 2022 1.822.868 number of wheels (+2,7% on 30 Nov 2022; +2,8% on Dec, 2021)
    - Total: Dec 31, 2022 5.598.819 number of wheels (+0,5% on 30 Nov 2022; +1,3% on Dec, 2021)

  • DRY WHEY Stocks
    · US Stock: Dec 31, 2022 35.640 tons (+7.7% rispetto a Nov 30, 2022; +37.7% rispetto a Dec, 2021)

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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.


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: Nonno Nanni Lactose Free Line

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

Nonno Nanni knows how to tempt the palates of the whole family, and even those who are lactose intolerant or sensitive, with its lactose free range of products.

Lactose Free Fresco Spalmabile, Robiola, Cow's Milk Caprino and Mascarpone are the new products that Nonno Nanni makes available to all those people who have never been able to savour the goodness of his cheeses because they are intolerant to or have difficulty digesting lactose.

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Agricultural Market Feed

IT, Foggia: durum wheat - mercantile price In calo -5,54%
IT, Foggia: durum wheat - buono mercantile price In calo -5,54%
IT, Foggia: durum wheat - organic for foodstuff price In calo -5,24%
IT, Foggia: durum wheat - fino price In calo -5,41%
IT, Bologna: Baldo Rice price In calo -3,80%
IT, Bologna: Arborio Rice price In calo -3,80%
IT, Bologna: Corn - Organic for livestock price In calo -5,26%
IT, Bologna Corn - Organic for foodstuff price In calo -2,83%
IT, Bologna: Barley - Organic for foodstuff, white monovarietal, min. s.w. 65 price In aumento +5,71%
IT, Bologna: Barley - s.w. 65 and over In calo -3,31%
IT, Bologna: Barley - s.w. 62/64 price In calo -3,40%
IT, Bologna: Sorghum - Italian white price In calo -1,80%
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.

Prices of Fertilizers

I - Torino, Triple superphosphate 46% In calo 750  €/ton
I - Torino, Ammonium nitrate 26% In calo 570  €/ton
I - Torino, Urea 46% In calo 560  €/ton

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