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: Farm gate milk price	In calo	-20,00%
Japan: Milk Production	In aumento	+1,86%
US: Cheese 40# Blocks price	In aumento	+15,10%
US: Butter, Grade AA price	In aumento	+4,24%
US: Whey Protein Concentrate (34%) price	In calo	-2,38%
US: Nonfat Dry Milk Price	In aumento	+10,75%

Europe

Estonia: Farm gate milk price	In calo	-3,42%
DE, Hannover: Gouda 45% price	In calo	-1,72%
DE, Hannover: Edamer 40% price	In calo	-1,72%
Germany: Whole Milk Powder (WMP) price	In aumento	+0,74%
Germany: Sweet Whey feed quality price	In aumento	+1,32%
Germany: Skim Milk Powder (Adpi - SMP) price	In aumento	+1,92%

Italy

IT: Grana Padano Production PDO	In aumento	+2,30%
IT, Trento: Trentingrana Cheese PDO price	In calo	-0,97%
IT, Parma: Parmig. Regg. PDO (15 months) price	In calo	-2,35%
IT, Parma: Parmig.Regg. (24 months) price	In calo	-1,90%
IT, Parma: Parmig. PDO Regg. (18 months) price	In calo	-2,07%
IT, Parma: Churned butter price	In aumento	+40,00%

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-Mar 2020 on Jan-Mar 2019
New Zealand	-0,8% -50	+182,9% +27	-8,1% -461	+1,4% +5	+432
EU-28	+2,9% +1.122	-10,1% -16	-8,5% -475	+0,2% +71	+1.510
USA	+3,1% +770	+6,3% +24	+8,2% +221	+1,1% +253	+319
Belarus	+5,6% +98	+22,2% +3	+2,1% +20	-1,6% -11	+92
Australia	+4,9% +96	+18,0% +59	-12,8% -121	-0,5% -8	+284
Uruguay	+2,7% +11	+40,4% +5	-7,1% -24	0% 0	+40
Argentina	+8,8% +189	-83,3% -12	+17,6% +46	+5,3% +77	+54
Ukraine	-2,6% -49	+144,9% +56	-27,1% -16	+0,2% +5	+18
Chile	+3,5% +20	-22,1% -1	-13,2% -2	0% 0	+21
TOTAL	*+2,8%* +2.208	*+15,0%* +144	*-4,9%* -811	*+0,6%* +392	+2.771
Last update: 2020-05-26 (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
New Zealand	-0,7% -160	+10,8% +16	+9,0% +1.587	+1,7% +27	-1.758
EU-28	+0,5% +827	+14,9% +85	+9,2% +1.847	+0,9% +1.402	-2.337
USA	+0,4% +369	+4,5% +75	-0,6% -62	+1,3% +1.130	-623
Belarus	+0,7% +49	+0,3% +0	+4,6% +177	+5,6% +143	-270
Australia	-6,5% -620	+5,4% +66	-11,6% -448	+1,0% +66	-172
Uruguay	-4,5% -96	-0,3% -0	-3,4% -52	0% 0	-44
Argentina	-1,8% -177	-4,8% -2	-20,8% -303	-3,4% -206	+331
Ukraine	-3,9% -388	+63,3% +87	-4,0% -15	+1,9% +152	-438
Chile	-1,4% -31	+26,3% +3	-10,4% -6	-3,0% -16	-6
TOTAL	*-0,1%* -226	*+8,4%* +330	*+4,6%* +2.725	*+1,0%* +2.698	-5.319
Last update: 2020-05-26 (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 2020 on Jan 2019
USA	+1,4% +1	+68,9% +0	+40,8% +20	+21,0% +7	-26
EU-28	+2,3% +3	-13,0% -0	-29,0% -25	-8,2% -6	+34
New Zealand	0% 0	>1000% +0	-8,8% -4	0% 0	+5
Australia	-26,4% -3	+48,0% +1	-45,7% -9	+6,7% +0	+6
TOTAL	*+0,4%* +1	*+70,5%* +1	*-8,9%* -18	*+1,8%* +2	+18
Last update: 2020-05-22 (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
USA	+3,7% +39	-56,0% -1	-1,5% -11	+10,2% +38	+11
EU-28	-0,9% -13	+62,2% +2	+17,9% +146	-17,0% -167	+10
New Zealand	0% 0	+31,1% +1	+4,1% +15	+20,0% +1	-15
Australia	-25,5% -51	+14,3% +2	-17,7% -27	-6,3% -3	-19
TOTAL	*-0,9%* -26	*+20,5%* +4	*+6,0%* +123	*-9,3%* -131	-13
Last update: 2020-05-22 (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 2020 on Jan 2019
New Zealand	0% 0	>1000% +0	-16,4% -28	-8,7% -0	+29
EU-28	+7,3% +5	-92,1% -1	+6,1% +2	-3,6% -1	+4
Australia	+16,7% +0	+143,6% +3	+116,2% +3	-5,4% -0	+1
USA	-29,3% -2	-6,3% -0	-10,7% -0	-4,3% -0	-1
TOTAL	*+4,8%* +4	*+52,1%* +2	*-11,9%* -24	*-4,0%* -2	+32
Last update: 2020-05-22 (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	+99,2% +2	+12,2% +167	+15,0% +3	-168
EU-28	+1,8% +14	+192,2% +3	-11,0% -37	+11,0% +48	+7
Australia	-40,3% -25	+26,1% +8	-22,8% -13	+5,7% +2	-6
USA	-2,2% -1	+62,2% +5	-18,5% -9	+35,3% +18	-5
TOTAL	*-1,4%* -12	*+43,6%* +18	*+6,0%* +108	*+13,1%* +71	-173
Last update: 2020-05-22 (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 2020 on Jan 2019
New Zealand	0% 0	>1000% +0	-11,0% -6	+3,4% +0	+5
EU-28	-2,7% -5	-85,4% -1	+73,6% +9	+0,2% +0	-17
USA	-2,8% -3	+13,2% +1	-14,7% -0	+2,5% +2	-4
Australia	+21,4% +1	+32,5% +1	-61,6% -1	-4,4% -0	+3
TOTAL	*-2,5%* -7	*+3,3%* +0	*+3,9%* +3	*+0,8%* +2	-12
Last update: 2020-05-22 (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	+12,0% +0	+1,7% +8	+3,6% +1	-9
EU-28	+4,6% +100	-32,3% -7	+36,2% +57	+1,3% +27	+9
USA	+1,3% +12	+16,6% +10	-36,7% -19	+4,4% +38	+2
Australia	-23,4% -12	-3,1% -1	+6,8% +1	-1,7% -1	-13
TOTAL	*+3,2%* +100	*+1,6%* +2	*+6,9%* +47	*+2,2%* +65	-11
Last update: 2020-05-22 (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 2020 on Jan 2019
EU-28	+1,4% +11	+3,2% +0	+18,9% +13	+0,6% +4	-6
New Zealand	0% 0	>1000% +0	+21,8% +6	+5,3% +0	-6
USA	-0,5% -3	-1,5% -0	-0,2% -0	+1,9% +9	-12
Australia	+0,3% +0	+6,3% +1	+0,0% +0	+1,6% +0	+0
TOTAL	*+0,6%* +9	*+3,8%* +1	*+13,9%* +19	*+1,1%* +14	-23
Last update: 2020-05-22 (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	+0,4% +39	+6,5% +4	+5,7% +47	+0,7% +66	-70
New Zealand	0% 0	-7,1% -1	+4,0% +13	-5,0% -2	-12
USA	+0,8% +45	+2,7% +5	+3,5% +12	+1,3% +76	-38
Australia	-0,7% -3	-1,5% -1	-7,0% -12	+3,7% +11	-3
TOTAL	*+0,5%* +82	*+1,8%* +6	*+3,6%* +60	*+1,0%* +151	-123
Last update: 2020-05-22 (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 (2020-05-29)		OCEANIA (2020-05-22)		EU¹ (2020-05-27)		GDT² (2020-05-19)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.916	+15,1%	3.938	-6,3%	3.557	+0,4%	3.902	-9,7%
BUTTER	3.660	+4,2%	3.850	-2,2%	3.375	+4,5%	3.800	-2,1%
SMP	2.150	+7,1%	2.600	+6,1%	2.288	+2,9%	2.527	+8,6%
WMP	3.748	+1,5%	2.675	-1,4%	2.886	+1,0%	2.655	-1,3%
WHEY POWDER	799	-0,7%			971	+0,2%
MILK (US$/100Kg)	31,75	-20,0%	33,74	-2,2%	37,72	-1,2%
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 (2020-05-29)		OCEANIA (1590098400)		EU¹ (2020-05-27)		GDT² (2020-05-19)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.463	+14,9%	3.611	-6,8%	3.224	+1,0%	3.602	-8,7%
BUTTER	3.322	+4,1%	3.531	-2,8%	3.075	+4,2%	3.508	-1,1%
SMP	1.951	+6,1%	2.384	+5,5%	2.085	+2,7%	2.333	+9,6%
WMP	3.402	+0,5%	2.453	-1,9%	2.630	+0,8%	2.451	-0,3%
WHEY POWDER	725	-1,7%			885	0,0%
MILK (€/100Kg)	29,23	-18,5%	31,06	-0,4%	34,09	-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

FOCUS Price Products € in real time

	Area	Last updated	± from prev. price	± from 1 year ago
Price / Quotation
Whole Milk…
▸ “SPOT”	Italy	25 May 2020	+7,3%	-8,1%
▸ farm-gate	EU (13 country)	Apr 2020	-2,9%	-2,6%
▸ farm-gate	USA	Apr 2020	-18,5%	-15,8%
PDO cheeses…
▸ hard	Italy	28 May 2020	-1,6%	-20,9%
▸ semi-hard	Italy	25 May 2020	0,0%	+1,9%
▸ fresh	Italy	25 May 2020	0,0%	+1,8%
Cheeses	Germany and Oceania	27 May 2020	-4,7%	-7,6%
Butter	Italy, Germany and Oceania	27 May 2020	+2,4%	-25,5%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	29 May 2020	+2,4%	+1,3%
Whey powder	Germany and USA	29 May 2020	-0,2%	+3,0%
Corn	Italy and USA	26 May 2020	-3,8%	-2,0%
Soybeans	Italy and USA	26 May 2020	-0,6%	+8,3%
Oil	Europe	15 May 2020	+19,6%	-61,6%
Retail price
PDO hard cheeses	Italy	Apr 2020	-1,6%	+3,2%
Fresh cheeses	Italy	Apr 2020	+0,2%	+1,2%
Butter	Italy	Apr 2020	+0,3%	+0,2%

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: +2,6% (Jan'20 - Apr'20)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -4,03% (Feb'20 - Mar'20)

BUTTER Stocks
· US Stocks: Apr 30, 2020 167.226 tons (+19,1% on Mar 31, 2020; +26,8% on Apr, 2019)
· EU-28

- Public Stocks: Apr 30, 2020 0 tons (+0,0% on Mar 31, 2020; +0,0% on Apr, 2019)
- Consumption (Production + Import - Export): Mar 31,2020: 181.453 tons (+9,6% on Feb 29, 2020; -2,6% on Mar, 2019)

SMP Stocks
· US Stocks: Mar 31, 2020 158.391 tons (+9,7% on Feb 29, 2020; +20,5% on Mar, 2019)
· EU-28
- Public Stocks: Apr 30, 2020 0 tons (+0,0% on Mar 31, 2020; -100,0% on Apr, 2019)
- Consumption (Production + Import - Export): Mar 31,2020 63.484 tons (+23,9% on Feb 29, 2020; +37,3% on Mar, 2019)

CHEESE Stocks
· US Stocks: Apr 30, 2020 672.610 tons (+7,9% on Mar 31, 2020; +6,1% on Apr, 2019)
· EU-28
Consumption (Production + Import - Export): Mar 31,2020 0 tons (+23,9% on Feb 29, 2020; +37,3% on Mar, 2019)
· ITALY

Grana Padano Stocks:
- Marked PDO: Mar 31, 2020 1.820.395 number of wheels (+0,6% on 29 Feb 2020; -3,1% on Mar, 2019)
- Total: Mar 31, 2020 5.630.343 number of wheels (+1,7% on 29 Feb 2020; +3,6% on Mar, 2019)

DRY WHEY Stocks
· US Stock: Mar 31, 2020 33.234 tons (-1,7% rispetto a Feb 29, 2020; -12,8% rispetto a Mar, 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.

▸ Japan Cheese Import: -16,2% (Apr '20) **
▸ New Zealand Bulk and Packed Milk Export: -7,9% (Apr '20) **
▸ Switzerland Cream Export: -21,7% (Apr '20) **
▸ Switzerland Cheese Export: -15,1% (Apr '20) **

Show/Hide all ALERT

▸ China WMP Import: +21,7% (Apr '20) **
▸ Japan Cream Import: +2.202,0% (Apr '20) **
▸ Russia Cream Import: +66,5% (Mar '20) **
▸ New Zealand Cheese Export: -21,1% (Apr '20) **
▸ Russia Butter Import: +34,3% (Mar '20) **
▸ China Bulk and Packed Milk Import: -10,9% (Apr '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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China: Soy consumption at record levels in 2020/21 season
Global Production Soybean Global production for the season 2019/20 is projected at 336.11 Mio Tons (-6.7% on 2018/19), slightly decreasing ... read
World calls for European Cheese and dairy products [VIDEO]
Cheese is leading the increase of dairy export from EU-27 plus the UK. A number of dairy products performed well in the first quarter of ... read
Milk production in Australia grows again [News Oceania n°9/2020]
Period: April 27 – May 8, 2020 Australia+7.1% milk production March 2020 y-o-y In Australia, March 2020 milk production is +7.1% higher ... read

GlobalDairyTrade results of May 19, 2020

Change in Price Index from Previous Event: +1,0 %
Average Winning Price: 2.907 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	4.079	+2,7 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	3.803	-1,9 %
RENNET CASEIN	8.719	-1,9 %
CHEDDAR	3.864	-6,0 %
LACTOSE	1.341	+15,6 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.549	+6,7 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	2.677	-0,5 %

Next GlobalDairyTrade Event: June 02, 2020

ITALY: Import/Export as of February 29, 2020

Exports of G.Padano + P.Reggiano:	+10,20 %
Exports of Gorgonzola:	+11,37 %
Exports of Grated cheese:	+5,22 %

Imports of Full-fat bulk milk:	+8,54 %
Imports of Packed semi-skimmed milk:	-4,27 %

Next Update: June 11, 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: Provolone cheese mild flavour

Name:: Provolone cheese mild flavour

Company:: Caseificio Albiero
Base:: Montorso Vicentino (VI)
Establishment year:: 1938

Products:: Provolone, Asiago, Montasio, Grana Padano, Parmigiano Reggiano, Pecorino Romano, Pecorino Sardo and more specialities

Semi-hard shredded and reprocessed curd cheese produced with full cow's milk.
Cheese is produced following traditional method that includes next procedure: milk treatment, coagulation, ripening and spinning, molding, salting, drying and seasoning. An enzyme is added to the milk before heat treatment that breaks down lactose into glucose and galactose (lactose free milk).

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Agricultural Market Feed

US: Corn price	In aumento	+2,00%
US: Soybean meal high	In calo	-0,50%
US: Wheat hard red	In aumento	+2,60%
IT, Milan: Hard wheat (Center Italy) price	In calo	-0,33%
IT, Milan: Bran price	In aumento	+7,25%
IT, Milan: Foreign soybeans price	In calo	-1,63%
IT, Milan: Italian higher common wheat price	In calo	-0,92%
IT, Milan: EU barley price	In calo	-1,09%
IT, Milan: Italian Soybeans flour price	In calo	-0,86%
IT, Milan: Hard wheat (North Italy) price	In calo	-0,34%
IT, Milan: pressed lucerne hay price	In calo	-2,13%
IT, Milan: Dehydrated lucerne price	In calo	-1,33%

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	46%
Simulated Feed Ration (vs prev month)	-6.11%
Milk:Feed Ratio	1.55

Prices of Fertilizers

I - Modena, Triple superphosphate granular 46%	In aumento	395	€/ton	+1,54%
I - Modena, Ammonium nitrate prilled 26%	Stabile	257	€/ton	0.00%
I - Modena, Urea prilled 46%	Stabile	393	€/ton	0.00%