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.

November 30, 2018

August 31, 2018

A new Flash Bulletin will be available soon...

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Market News

World

US: Cheese 40# Blocks price	In aumento	+2,13%
US: Butter, Grade AA price	In aumento	+1,12%
US: Acid Casein price	In calo	-1,33%
US: Rennet Casein price	In calo	-0,07%
Australia: Milk delivery	In calo	-0,26%
Uruguay: Farm gate milk price	In calo	-0,55%

Europe

Lithuania: Farm gate milk price	In aumento	+8,54%
Netherlands: Skim Milk Powder feed price	In aumento	+0,49%
Netherlands: Skim Milk Powder (Adpi-SMP) price	In aumento	+0,47%
Netherlands: Whole Milk Powder (WMP) price	In aumento	+0,74%
Netherlands: Whey Powder feed price	In aumento	+1,37%
Germany: Skim Milk Powder feed price	In aumento	+0,98%

Italy

IT, Parma: Parmig. Regg. PDO (15 months) price	In aumento	+0,96%
IT, Parma: Parmig. PDO Regg. (18 months) price	In aumento	+0,89%
IT, Parma: Parmig.Regg. (24 months) price	In aumento	+0,83%
IT, Parma: Parmig. Regg. PDO (30 months) price	In aumento	+0,78%
IT, Mantua: Grana Padano PDO (14-16 months) price	In aumento	+1,17%
IT, Mantua: Grana Padano PDO (10 months) price	In aumento	+1,38%

click to see the
AGRICULTURAL MARKET News:
PRICES of FEED and FERTILIZERS

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.

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-Sep 2020 on Jan-Sep 2019
EU-28	+1,7% +2.077	-15,4% -75	-3,9% -659	+0,2% +212	+2.450
New Zealand	+0,9% +113	+6,1% +8	-2,8% -356	+1,4% +16	+461
USA	+1,9% +1.394	-2,8% -36	+17,4% +1.390	+1,1% +760	-792
Belarus	+5,1% +288	+11,7% +6	+9,8% +290	-1,6% -33	+38
Australia	+4,3% +262	+9,1% +87	-1,9% -47	-0,5% -23	+419
Uruguay	+5,8% +83	+26,9% +9	-1,1% -12	0% 0	+103
Argentina	+7,8% +553	-69,6% -25	+62,9% +394	+5,3% +230	-95
Ukraine	-4,0% -303	+137,1% +194	-30,7% -101	+0,2% +14	-21
Chile	+6,3% +93	+21,6% +97	-4,0% -5	0% 0	+195
TOTAL	*+1,9%* +4.562	*+7,5%* +266	*+2,0%* +894	*+0,6%* +1.177	+2.758
Last update: 2020-11-19 (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-28: Eurostat, FEGA, DEFRA, AGEA, Zuivel; 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: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: FAS-USDA 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 2019 on Jan-Dec 2018
EU-28	+0,5% +857	+15,6% +88	+9,2% +1.840	+0,9% +1.402	-2.297
New Zealand	-0,7% -160	+26,4% +40	+9,0% +1.587	+1,7% +27	-1.734
USA	+0,4% +369	+4,2% +71	-0,6% -65	+1,3% +1.130	-625
Belarus	+0,7% +49	+1,9% +1	+5,0% +190	+5,6% +143	-282
Australia	-6,5% -619	+6,3% +76	-11,6% -447	+1,0% +66	-161
Uruguay	-4,5% -96	-0,4% -0	-3,4% -52	0% 0	-44
Argentina	-1,8% -177	-4,8% -2	-20,8% -303	-3,4% -206	+331
Ukraine	-4,0% -407	+64,7% +89	-2,5% -10	+1,9% +152	-460
Chile	-1,4% -31	-14,7% -96	-2,3% -4	-3,0% -16	-108
TOTAL	*-0,1%* -215	*+5,9%* +267	*+4,6%* +2.736	*+1,0%* +2.698	-5.381
Last update: 2020-11-19 (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-28: Eurostat, FEGA, DEFRA, AGEA, Zuivel; 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: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: FAS-USDA 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-Jun 2020 on Jan-Jun 2019
EU-28	+0,9% +8	-62,5% -2	-15,8% -81	-8,2% -33	+120
USA	+3,4% +19	+6,5% +0	+25,0% +82	+21,0% +43	-106
New Zealand	0% 0	+50,3% +1	+1,2% +2	0% 0	-2
Australia	-15,9% -8	+21,7% +2	-10,8% -8	+6,7% +2	+0
TOTAL	*+1,3%* +19	*+1,2%* +0	*-0,4%* -5	*+1,8%* +11	+12
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, data estimated by CLAL; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 2019 on Jan-Dec 2018
EU-28	-1,1% -16	+62,2% +2	+17,8% +146	-17,0% -167	+8
USA	+3,7% +39	-56,0% -1	-1,5% -11	+10,2% +38	+11
New Zealand	0% 0	+47,6% +1	+4,1% +15	+20,0% +1	-14
Australia	-25,5% -51	+14,3% +2	-17,7% -27	-6,3% -3	-19
TOTAL	*-1,0%* -29	*+22,6%* +5	*+6,0%* +122	*-9,3%* -131	-15
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, data estimated by CLAL; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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-Jun 2020 on Jan-Jun 2019
New Zealand	0% 0	-19,9% -0	-4,6% -37	-8,7% -1	+38
EU-28	+7,3% +29	-92,2% -4	+15,2% +22	-3,6% -9	+12
USA	-22,3% -9	+127,1% +8	+32,9% +5	-4,3% -2	-5
Australia	+42,3% +6	+60,5% +10	-20,9% -5	-5,4% -1	+22
TOTAL	*+5,8%* +26	*+47,1%* +13	*-1,5%* -15	*-4,0%* -12	+66
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, BLE, data estimated by CLAL; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 2019 on Jan-Dec 2018
New Zealand	0% 0	+108,9% +2	+12,2% +167	+15,0% +3	-168
EU-28	+2,0% +16	+194,6% +3	-10,9% -36	+11,0% +48	+8
USA	-2,2% -1	+62,4% +5	-18,4% -9	+35,3% +18	-5
Australia	-40,3% -25	+31,8% +9	-24,0% -13	+5,7% +2	-5
TOTAL	*-1,2%* -11	*+48,8%* +20	*+6,0%* +108	*+13,1%* +71	-170
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, BLE, data estimated by CLAL; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

BUTTER ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2020 on Jan-Jun 2019
New Zealand	0% 0	-65,1% -0	-9,4% -24	+3,4% +1	+23
EU-28	+2,0% +24	-81,1% -8	+64,4% +58	+0,2% +2	-43
USA	+7,0% +34	+9,1% +3	-19,2% -3	+2,5% +11	+28
Australia	+18,6% +3	+19,7% +4	-54,2% -6	-4,4% -1	+14
TOTAL	*+3,6%* +60	*-2,0%* -1	*+6,5%* +24	*+0,8%* +13	+22
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

BUTTER ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
New Zealand	0% 0	+35,6% +0	+1,7% +8	+3,6% +1	-9
EU-28	+4,3% +94	-35,1% -7	+35,7% +57	+1,3% +27	+3
USA	+1,3% +12	+17,4% +10	-36,6% -19	+4,4% +38	+3
Australia	-23,4% -12	-3,1% -1	+6,8% +1	-1,7% -1	-13
TOTAL	*+3,0%* +94	*+1,6%* +2	*+6,8%* +46	*+2,2%* +65	-16
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

CHEESE ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2020 on Jan-Jun 2019
EU-28	+2,2% +104	-2,5% -1	+9,3% +39	+0,6% +26	+38
USA	+0,6% +19	-8,9% -7	+0,1% +0	+1,9% +56	-44
New Zealand	0% 0	-6,3% -0	-6,3% -11	+5,3% +1	+10
Australia	+4,2% +7	+1,5% +1	-2,6% -2	+1,6% +3	+7
TOTAL	*+1,6%* +130	*-4,4%* -7	*+3,0%* +26	*+1,1%* +85	+11
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, CSO, data estimated by CLAL; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

CHEESE ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2019 on Jan-Dec 2018
EU-28	+0,6% +59	+7,1% +4	+5,6% +47	+0,7% +66	-50
USA	+0,8% +45	+2,4% +4	+3,4% +12	+1,3% +76	-38
New Zealand	0% 0	+9,0% +1	+4,0% +13	-5,0% -2	-10
Australia	-0,7% -3	-1,5% -1	-7,0% -12	+3,7% +11	-3
TOTAL	*+0,6%* +102	*+2,3%* +8	*+3,6%* +60	*+1,0%* +151	-101
Last update: 2020-09-26 (e) Estimated data Information Note SOURCE Production: EU-28: Eurostat, CSO, data estimated by CLAL; 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 (2020-11-27)		OCEANIA (2020-11-20)		EU¹ (2020-11-25)		GDT² (2020-11-17)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.704	+2,1%	3.613	-5,2%	3.224	+1,0%	3.642	-2,8%
BUTTER	2.998	+1,1%	3.825	0,0%	4.034	-0,9%	3.820	-0,7%
SMP	2.392	0,0%	2.813	+0,9%	2.598	+0,3%	2.769	+2,3%
WMP	3.450	-1,6%	3.038	+1,3%	3.298	+0,9%	3.019	+1,8%
WHEY POWDER	893	0,0%			973	+1,1%
MILK (US$/100Kg)	39,46	-4,8%	33,93	+5,7%	39,66	+2,6%
Change from previous price ¹ Prices refer to Germany. Cheese and Milk European prices refer to Milk Market Observatory. ² Contract 2 GDT n.a.*: not available

Show/Hide Global Snapshot in €

/Ton	US (2020-11-27)		OCEANIA (1605826800)		EU¹ (2020-11-25)		GDT² (2020-11-17)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.112	+1,5%	3.053	-5,1%	3.224	+1,0%	3.079	-4,3%
BUTTER	2.520	+0,5%	3.233	+0,2%	3.400	-0,7%	3.229	-2,2%
SMP	2.010	-0,6%	2.377	+1,1%	2.190	+0,5%	2.341	+0,8%
WMP	2.899	-2,1%	2.567	+1,4%	2.780	+1,1%	2.552	+0,3%
WHEY POWDER	750	-0,6%			820	+1,2%
MILK (€/100Kg)	33,46	-4,5%	28,77	+6,0%	33,63	+2,9%
Change from previous price ¹ Prices refer to Germany. Cheese and Milk European 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	23 Nov 2020	+0,3%	-15,0%
▸ farm-gate	EU (13 country)	Oct 2020	+1,6%	-1,6%
▸ farm-gate	USA	Sep 2020	-4,5%	-13,5%
PDO cheeses…
▸ hard	Italy	26 Nov 2020	+1,0%	+1,3%
▸ semi-hard	Italy	23 Nov 2020	0,0%	+1,1%
▸ fresh	Italy	23 Nov 2020	0,0%	0,0%
Cheeses	Germany and Oceania	25 Nov 2020	-1,4%	-5,6%
Butter	Italy, Germany and Oceania	25 Nov 2020	-0,2%	-7,7%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	27 Nov 2020	+0,9%	-14,1%
Whey powder	Germany and USA	27 Nov 2020	+1,1%	+11,5%
Corn	Italy and USA	24 Nov 2020	+3,4%	-1,5%
Soybeans	Italy and USA	24 Nov 2020	+3,5%	+17,8%
Oil	Europe	20 Nov 2020	+2,7%	-32,5%
Retail price
PDO hard cheeses	Italy	Oct 2020	+1,2%	-4,1%
Fresh cheeses	Italy	Oct 2020	-3,2%	-2,1%
Butter	Italy	Oct 2020	-1,4%	-2,5%

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: +1,9% (Jan'20 - Oct'20)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries +3,37% (Aug'20 - Sep'20)

BUTTER Stocks
· US Stocks: Oct 31, 2020 136.201 tons (-12.7% on Sep 30, 2020; +28.0% on Oct, 2019)
· EU-28

- Public Stocks: Oct 31, 2020 28.904 tons (-46.0% on Sep 30, 2020; > +1,000.0% on Oct, 2019)
- Consumption (Production + Import - Export): Sep 30,2020: 160.191 tons (+4,6% on Aug 31, 2020; +6,3% on Sep, 2019)

SMP Stocks
· US Stocks: Sep 30, 2020 105.800 tons (-13.8% on Aug 31, 2020; -7.0% on Sep, 2019)
· EU-28
- Public Stocks: Oct 31, 2020 12.567 tons (-26.7% on Sep 30, 2020; > +1,000.0% on Oct, 2019)
- Consumption (Production + Import - Export): Sep 30,2020 63.582 tons (+40,0% on Aug 31, 2020; +142,6% on Sep, 2019)

CHEESE Stocks
· US Stocks: Oct 31, 2020 607.141 tons (-1.3% on Sep 30, 2020; -0.2% on Oct, 2019)
· EU-28
Consumption (Production + Import - Export): Sep 30,2020 0 tons (+40,0% on Aug 31, 2020; +142,6% on Sep, 2019)
· ITALY

Grana Padano Stocks:
- Marked PDO: Oct 31, 2020 1.756.188 number of wheels (+0,0% on 30 Sep 2020; +4,3% on Oct, 2019)
- Total: Oct 31, 2020 5.700.558 number of wheels (-1,5% on 30 Sep 2020; +2,5% on Oct, 2019)

DRY WHEY Stocks
· US Stock: Sep 30, 2020 36.032 tons (-8.4% rispetto a Aug 31, 2020; -3.8% rispetto a Sep, 2019)

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.

▸ China Butter Import: +58,8% (Oct '20) **
▸ China WMP Import: +21,2% (Oct '20) **
▸ China Cream Import: +30,0% (Oct '20) **
▸ China Packed Milk Import: +34,6% (Oct '20) **

Show/Hide all ALERT

▸ New Zealand Cream Export: +28,6% (Oct '20) **
▸ Japan Cream Import: +171,7% (Oct '20) **
▸ Egypt Butter Import: +47,8% (Aug '20) **
▸ China SMP Import: +28,6% (Oct '20) **
▸ New Zealand Bulk and Packed Milk Export: +47,2% (Oct '20) **

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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Oceania focuses on Butter and SMP [News Oceania n°16/2020]
Period: November 9 – 20, 2020 Milk production in Australia in the period June – September 2020 increased by 2.0% compared to the ... read
Brazil: low milk production and increasing imports [News South America n°15/2020]
Period: October 26 – November 6, 2020 Milk production has generally stagnated after peaking over the past couple of weeks in the main ... read
Corn: prices and market updates | November 2020 [VIDEO]
World Corn Production and Export are expected to grow for the new season, driven by the United States and Brazil. Corn prices increased in ... read

GlobalDairyTrade results of November 17, 2020

Change in Price Index from Previous Event: +1,8 %
Average Winning Price: 3.157 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	4.175	+4,1 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	3.838	+0,4 %
RENNET CASEIN	n.a.	-
CHEDDAR	3.641	-3,5 %
LACTOSE	887	-18,8 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.799	+2,5 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	3.037	+1,8 %

Next GlobalDairyTrade Event: December 01, 2020

ITALY: Import/Export as of August 31, 2020

Exports of G.Padano + P.Reggiano:	-0,12 %
Exports of Gorgonzola:	+3,83 %
Exports of Grated cheese:	+4,88 %

Imports of Full-fat bulk milk:	-20,92 %
Imports of Packed semi-skimmed milk:	-3,50 %

Next Update: December 10, 2020

December 2019: Quarterly Macroeconomic Outlook
Macroeconomic Outlook edited by the Research Department of Intesa Sanpaolo Group, Italy

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Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Baffalo Blu

Name:: Baffalo Blu

Company:: Caseificio Defendi Luigi Srl

Base:: Vidalengo (BG), Italy
Establishment year:: 1865

Products:: Taleggio, Gorgonzola, Quartirolo, Crescenza, Torte, Capricci, Porzionati, Gorgonzola-mascarpone, buffalo cheese, organic, lactose-free

A soft blue cheese made from Italian buffalo milk. It is cylindrical shaped and weights 6 Kg.
Characterized by a compact texture with a light cream colour and blue veins. The long ageing process gives to this cheese an unmistakable, intense and distinct flavour, strongly aromatic.
A cheese speciality with a unique taste.

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Agricultural Market Feed

IT, Milan: Foreign soybeans price	In aumento	+2,30%
IT, Milan: Bran price	In calo	-1,81%
IT, Milan: Italian soybeans price	In aumento	+2,38%
IT, Milan: Hard wheat (Center Italy) price	In aumento	+0,64%
IT, Milan: Hard wheat (North Italy) price	In aumento	+0,66%
IT, Milan: Italian Soybeans flour price	In calo	-1,11%
IT, Milan: Italian higher common wheat price	In aumento	+0,91%
US: Corn price	In calo	-2,17%
US: Wheat Soft red	In calo	-0,80%
US: Soybean meal high	In calo	-0,39%

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.

Feed Cost

Weight of the Protein Component	50%
Simulated Feed Ration (vs prev month)	+7.74%
Milk:Feed Ratio	1.33

Prices of Fertilizers

I - Modena, Triple superphosphate granular 46%	Stabile	356	€/ton	0.00%
I - Modena, Ammonium nitrate prilled 26%	In aumento	255	€/ton	+13,33%
I - Modena, Urea prilled 46%	Stabile	393	€/ton	0.00%