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Market News

World

US: Butter, Grade AA price In calo -1,22%
US: Cheese 40# Blocks price In calo -3,75%
Oceania: Cheddar price In calo -6,25%
Oceania: Skim Milk Powder (SMP) price In calo -8,13%
Oceania: Butter price (82%) In aumento +2,99%
US: Whey Protein Concentrate (34%) price In calo -2,34%

Europe

Western Europe: WMP price In calo -0,64%
Western Europe: SMP price In aumento +1,00%
Western Europe: Butter price (82%) In calo -1,03%
Estonia: Farm gate milk price In calo -5,28%
Netherlands: Skim Milk Powder feed price In aumento +0,89%
Netherlands: Skim Milk Powder (Adpi-SMP) price In aumento +1,67%

Italy

IT, Parma: Churned butter price In aumento +2,30%
IT, Mantua: Grana Padano PDO (10 months) price In calo -0,56%
IT,Reggio Emilia: Parmig. Regg. (24 months) price In calo -0,82%
IT, Verona: Spot milk price In aumento +4,35%
IT, Verona: foreign Skim Spot Milk price In aumento +20,00%
IT, Verona: foreign Whole Spot Milk price In aumento +5,41%
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.

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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-Mar 2023 on Jan-Mar 2022
EU-27
+228
-45
+412
-194
-35
New Zealand
+75
-3
-47
+2
+117
USA
+251
+16
+70
+333
-136
Australia
-79
+63
-314
-2
+301
United Kingdom
+51
+149
+25
-2
+177
Uruguay
-21
+7
+42
0
-56
Argentina
-5
-2
-28
+32
-11
Chile
-20
-23
-20
0
-23
TOTAL
+479
+162
+139
+169
+334

Last update: 2023-05-19
(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-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
(2023-05-26)
OCEANIA
(2023-05-26)
EU¹
(2023-05-24)
GDT²
(2023-05-16)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.257 -3,7% 4.475 -3,8% 4.382 -15,6% 4.474 -6,4%
BUTTER 5.357 -1,2% 5.063 +1,8% 4.985 +1,0% 5.019 +1,6%
SMP 2.579 0,0% 2.788 -4,7% 2.635 -0,3% 2.743 -0,8%
WMP 4.409 -4,8% 3.250 0,0% 3.762 -0,9% 3.231 +0,6%
WHEY POWDER 717 -7,1%     927 +1,4%    
MILK (US$/100Kg) 46,52 -2,3% 39,17 -3,7% 53,56 -0,7%    
*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
(2023-05-26)
OCEANIA
(1685052000)
EU¹
(2023-05-24)
GDT²
(2023-05-16)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.034 -3,0% 4.162 -2,5% 4.152 -12,8% 4.114 -5,5%
BUTTER 4.990 -0,5% 4.709 +3,1% 4.625 +2,0% 4.615 +2,5%
SMP 2.399 +0,5% 2.593 -3,5% 2.445 +0,6% 2.522 +0,2%
WMP 4.101 -4,3% 3.023 +1,3% 3.490 0,0% 2.971 +1,5%
WHEY POWDER 666 -6,7%     860 +2,4%    
MILK (€/100Kg) 43,45 -2,2% 36,59 -3,6% 48,83 -3,1%    
*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 22 May 2023 +4,6% -24,0%
      ▸ farm-gate EU (13 country) Apr 2023 -3,8% +11,6%
      ▸ farm-gate USA Mar 2023 -2,2% -15,2%
PDO cheeses…
      ▸ hard Italy 25 May 2023 -0,1% -3,2%
      ▸ semi-hard Italy 22 May 2023 -0,1% +19,1%
      ▸ fresh Italy 22 May 2023 0,0% +12,5%
Cheeses Germany and Oceania 26 May 2023 -0,7% -14,1%
Butter Italy, Germany and Oceania 26 May 2023 +2,1% -30,0%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 26 May 2023 -0,2% -34,9%
Whey powder Germany and USA 26 May 2023 -3,2% -47,2%
Corn Italy and USA 25 May 2023 -2,7% -19,2%
Soybeans Italy and USA 25 May 2023 -2,6% -21,7%
Oil Europe 19 May 2023 -0,4% -32,9%
Retail price
PDO hard cheeses Italy Mar 2023 -0,3% +10,4%
Fresh cheeses Italy Mar 2023 +1,1% +25,1%
Butter Italy Mar 2023 -1,4% +20,2%
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: Jan 31, 2023 653.643 tons (-0.3% on Dec 31, 2022; -0.3% on Jan, 2022)
    · EU-27
    Consumption (Production + Import - Export): Feb 28,2023 0 tons (-23,7% on Jan 31, 2023; -27,6% on Feb, 2022)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Apr 30, 2023 1.939.094 number of wheels (-4,3% on 31 Mar 2023; -0,9% on Apr, 2022)
    - Total: Apr 30, 2023 5.977.215 number of wheels (+3,1% on 31 Mar 2023; +2,8% on Apr, 2022)

  • DRY WHEY Stocks
    · US Stock: Mar 31, 2023 30.623 tons (-2.1% rispetto a Feb 28, 2023; -2.1% rispetto a Mar, 2022)

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Dairy Market Alert


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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: Asiago PDO Product of the Mountain

Name:
Asiago PDO Product of the Mountain
Consortium:
Consorzio Tutela Formaggio Asiago
Base:
Vicenza, Italy
Establishment year:
1979
Products:
Fresh Asiago, Mature Asiago, Asiago Product of the Mountain

It is the traditional cheese of the Asiago Plateau. Asiago Cheese, which boasts the name "Product of the Mountain", is produced and aged only by cheese-makers located in mountain territory lying at an altitude of over 600 metres, according to strict production guidelines that highlight the repetition of an ancient tradition that protects the environment, grazing livestock and the consumer.

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