Milk: Comparative study in the European market area
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This page focuses on a historical perspective that highlights the differences - in figures - of farm-gate raw milk prices within Europe.
We have therefore produced:
- a table displaying, in chronologic order, the monthly average price of farm-gate raw milk in Lombardy;
- a line highlighting the national inflation rates (the consumer price index CPI), gross domestic product (GDP), the average annual price of National Corn and Italian Soybeans, the average annual price of Grana Padano Aged 10 months, the average annual price of Parmigiano Reggiano Aged 12 months and the stock volume of Grana Padano as at 30 June, which serve to provide us with a more in-depth understanding;
- a table presenting, in chronologic order, the differences in annual price between farm-gate milk from other countries and farm-gate milk from the Lombardy Region.
Note:
Grana Padano and Parmigiano Reggiano draw approximately 42% of the Italian cow's milk. Therefore the fluctuations on the producing cycle (quantity produced, sales in Italy and exports, stocks) of these two PDO cheeses has an impact on the milk price.
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Farm-gate raw milk (Lombardy) m.g. 3,7% p.v. prot. 3,25% p.v. - euro per 100 lt (VAT not included) |
Survey Date
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2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
January |
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February |
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March |
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April |
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May |
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June |
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July |
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August |
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September |
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October |
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November |
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December |
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Average Annual Price |
34,63
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38,58
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37,38
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40,63
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37,13
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38,33
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51,17
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52,79
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52,00
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± % on the previous year | |
+11,43% |
-3,13% |
+8,70% |
-8,62% |
+3,25% |
+33,48% |
+3,18% |
-1,50% |
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Cara Vecchia Lira (Lire per lt.) |
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CPI |
-0,05
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1,33
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1,24
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0,63
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-0,15
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1,94
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8,74
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5,90
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1,20
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GDP |
1,35
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1,69
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0,68
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0,42
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-8,95
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8,79
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4,81
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0,79
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0,70
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Avg. Annual Price National Corn (€/ton) |
180 |
181 |
184 |
179 |
181 |
254 |
352 |
260 |
223* |
Avg. Annual Price Italian Soybeans(€/ton) |
367 |
403 |
362 |
340 |
391 |
585 |
635 |
494 |
463* |
Avg. Annual Price Grana P. Aged 10 months (€/Kg) |
6,54
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6,77
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6,37
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7,84
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6,67
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7,19
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8,60
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8,86
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9,66*
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Avg. Annual Price Parmigiano R. Aged 12 months (€/Kg) |
8,35 |
9,57 |
9,83 |
10,66 |
8,52 |
10,25 |
10,54 |
10,08 |
10,80* |
Change % in number of wheels of GP+PR in stock
1 |
+1,1% |
+9,2% |
-13,2% |
+8,0% |
-4,9% |
-1,7% |
-13,9% |
-9,4% |
-15,4% |
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1) Change from previous year. View calculation notes
CALCULATIONS
The variation in % of the Grana Padano and Parmigiano Reggiano stocks referred to the previous year is obtained::
- starting from the public stocks - AGEA - (untill 2006);
- calculating the yearly variations of Grana Padano and Parmigiano Reggiano for the quantity produced, exported (wheels and grated), the domestic consomption, and for specific selling programs;
- for the present year: forecast based on the production, export and internal consumption trends *
* Production trends of Grana Padano and Parmigiano Reggiano referred to the period Jan-Oct '24; Exports Jan-Jul '24; Consomptions Jan-Sep '24
Source CPI, PIL: Intesa Sanpaolo
Price National Corn, Italian Soybeans and Parmiagiano Reggiano aged 12 months: CCIAA Milan
Price Grana Padano aged 10 months: CCIAA Mantua
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Lombardy €/100 lt. |
34,63 |
38,58 |
37,38 |
40,63 |
37,13 |
38,33 |
51,17 |
52,79 |
52,00 |
Bavaria €/100 Kg. (source: ZMP, since May 09 ZMB) |
28,41 |
36,57 |
36,02 |
35,15 |
34,35 |
37,21 |
51,85 |
49,72 |
47,23* |
Italy/Bavaria Diff(Conversion Kg/Lt 1.02) €/100 lt. |
5,65 |
1,28 |
0,63 |
4,77 |
2,09 |
0,38 |
-1,72 |
2,08² |
3,83² |
Avg:2,11 |
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² Difference Calculated using the average of the prices. |
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Lombardy €/100 lt. |
34,63 |
38,58 |
37,38 |
40,63 |
37,13 |
38,33 |
51,17 |
52,79 |
52,00 |
Rhône Alpes €/100 lt. (source: FranceAgriMer) |
31,96 |
35,67 |
36,36 |
38,18 |
38,19 |
39,90 |
46,18 |
50,24 |
49,28* |
Italy/Rhône Alpes Diff €/100 lt. |
2,66
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2,91
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1,01
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2,44
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-1,07
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-1,57
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4,99
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2,56
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2,72
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Avg:1,85 |
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Lombardy €/100 lt. |
34,63 |
38,58 |
37,38 |
40,63 |
37,13 |
38,33 |
51,17 |
52,79 |
52,00 |
Hungary €/100 Lt. ¹ |
24,32 |
31,23 |
30,43 |
31,46 |
30,34 |
31,96 |
44,37 |
45,86 |
42,28* |
Italiy/Hungary Diff €/100 lt. |
10,30
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7,35
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6,95
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9,16
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6,78
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6,38
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6,79
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6,94
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9,73
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Avg:7,82 |
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1) Source: 1998-1999: Sole Hungaria; 2000-2001: Agricultural Economics Research Institute (AKI); since 2002: Hungarian Central Statistical Office (KSH) |
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Lombardy €/100 lt. |
34,63 |
38,58 |
37,38 |
40,63 |
37,13 |
38,33 |
51,17 |
52,79 |
52,00 |
Slovak Republic €/100 kg. ¹ ² |
25,51 |
31,22 |
32,32 |
32,96 |
32,58 |
32,82 |
43,85 |
44,47 |
42,71* |
Italy/Slovak Rep. €/100 lt. ³ |
8,32 |
6,40 |
4,05 |
6,65 |
3,54 |
4,50 |
5,96 |
6,94 |
7,96 |
Avg:6,03 |
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1) Source: Agrárne trhové informácie Slovenska
2) as of 31-12-2003 €/100 lt., since 01-01-2004 €/100 Kg
3) Conversion Kg/lt: 1.031
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Lombardy €/100 lt. |
34,63 |
38,58 |
37,38 |
40,63 |
37,13 |
38,33 |
51,17 |
52,79 |
52,00 |
Repubblica Ceca €/100 lt. ¹ |
24,73
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32,45
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33,35
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34,43
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32,25
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35,19
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46,34
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45,59
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43,67*
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Diff Italia/Rep. Ceca €/100 lt. |
9,89
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6,14
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4,02
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6,20
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4,88
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3,14
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4,82
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7,20
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8,33
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Avg:6,07 |
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1) Source: Ministerstvo Zemědělstvì Českè Republiky
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(e) = estimated price
Source: Processed by CLAL
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View information note
NOTE INFORMATIVE
Ultimi Aggiornamenti:
Mais Nazionale: January - October 2024; Soia Nazionale: January - October 2024; Grana Padano 10 Mesi: January - November 2024; Parmigiano Reggiano 12 Mesi: January - November 2024; Latte Baviera: January - September 2024; Latte Rhône Alpes: January - August 2024; Latte Ungheria: January - August 2024; Latte Rep. Slovacca: January - August 2024; Latte Rep. Ceca: January - July 2024;
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DISCLAIMER: Clal seeks to ensure that the prices calculated by this interactive price system are accurate. However, Clal shall not in any event be liable for loss, or damage, howsoever suffered directly or indirectly in relation to the information produced, and no liability will be accepted for errors or omissions.
Clal recommend that if any action is considered due to information produced by the system, before any action is taken, all prices, assumptions, and other information required is checked with an appropriate person qualified to give advice.
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A user's comment is welcome: please write to |
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