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Market News

World

Belarus: Milk Production In aumento +7,59%
Russia: Milk Production In aumento +0,09%
Chile: Farm gate milk price In calo -1,67%
Chile: Milk Delivery In aumento +3,08%
New Zealand: Farm gate milk price In aumento +5,83%
US: Lactose production In aumento +3,48%

Europe

Netherlands: Skim Milk Powder feed price In calo -1,98%
Netherlands: Whole Milk Powder (WMP) price In calo -3,40%
Netherlands: Butter price (82%) In calo -4,00%
Netherlands: Whey Powder feed price In calo -1,10%
France: SMP price (Poudre 0%) In calo -3,54%
Germany: Skim Milk Powder (Adpi - SMP) price In calo -1,87%

Italy

IT: Gorgonzola PDO Production In aumento +0,74%
IT,Reggio Emilia: Parmig. Regg. (24 months) price In aumento +0,77%
IT, Verona: foreign Skim Spot Milk price In calo -1,41%
IT, Milan: Parm Reg. PDO (30 months) price In aumento +0,72%
IT, Milan:  Parm Regg PDO (18 mo.) price In aumento +0,81%
IT, Milan: Parm Reg. PDO (24 months) price In aumento +0,75%
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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Milk - Balance sheet in Mio Tons | Year 2024 (Forecast made in July)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 552.02+0.2% 119.11+2.2% 195.82+0.7% 470.50+0.5%
India 99.50 +0.5% 110.70 +2.4% 89.00 +2.2% 121.18 +1.0%
Share % 18.0% 92.9% 45.4% 25.8%
EU-27 145.30 +0.0% 4.08 -0.2% 23.65 -0.2% 125.26 +0.1%
Share % 26.3% 3.4% 12.1% 26.6%
United States 102.92 +0.2% 0.00 0.0% 20.40 -1.2% 81.89 +0.6%
Share % 18.6% 0.0% 10.4% 17.4%
China 42.50 +1.3% 1.00 +2.0% 16.70 +1.2% 27.52 +1.0%
Share % 7.7% 0.8% 8.5% 5.8%
Russia 32.50 +0.6% 0.00 0.0% 6.70 -1.5% 24.14 +1.4%
Share % 5.9% 0.0% 3.4% 5.1%
Source: USDA, Latest update: 2024-07-24

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-Jul 2024 on Jan-Jul 2023
EU-27
+618
+120
-633
-170
+1.541
New Zealand
-93
-28
+219
0
-340
USA
-259
+142
+50
+764
-931
Australia
+170
-87
+542
+116
-575
United Kingdom
-3
+78
-26
-64
+165
Argentina
-725
-13
+195
-434
-499
Uruguay
-59
-10
-12
0
-58
Chile
+21
+27
+45
+5
-2
TOTAL
-330
+229
+380
+218
-700

Last update: 2024-10-10
(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
(2024-10-04)
OCEANIA
(2024-09-27)
EU¹
(2024-10-09)
GDT²
(2024-10-01)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.294 -7,7% 4.575 +4,6% 4.578 +3,4% 4.600 +2,4%
BUTTER 5.925 -1,6% 6.488 -1,9% 8.868 -0,9% 6.386 -1,8%
SMP 3.009 +0,7% 2.825 +2,7% 2.811 -1,9% 2.784 -0,3%
WMP 5.258 -1,0% 3.513 +2,2% 4.887 -1,5% 3.548 +2,6%
WHEY POWDER 1.229 +1,4%     1.131 -0,9%    
MILK (US$/100Kg) 52,03 +3,5% 41,65 +6,9% 52,70 +0,9%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Cheddar in the European Union (source: European Commission (Milk Market Observatory))
² Contract 2 GDT
n.a.: not available

Show/Hide Global Snapshot in €

/Ton US
(2024-10-04)
OCEANIA
(1727388000)
EU¹
(2024-10-09)
GDT²
(2024-10-01)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.889 -6,7% 4.100 +3,8% 4.151 +4,7% 4.109 +1,8%
BUTTER 5.367 -0,6% 5.814 -2,6% 8.075 0,0% 5.704 -2,4%
SMP 2.729 +1,9% 2.532 +2,0% 2.560 -1,0% 2.487 -0,9%
WMP 4.767 +0,1% 3.148 +1,5% 4.450 -0,6% 3.169 +1,9%
WHEY POWDER 1.114 +2,5%     1.030 0,0%    
MILK (€/100Kg) 47,18 +1,8% 37,77 +5,2% 47,45 +0,1%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Cheddar in the European Union (source: European Commission (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 7 Oct 2024 0,0% +25,2%
      ▸ farm-gate EU (13 country) Sep 2024 +2,2% +10,9%
      ▸ farm-gate USA Aug 2024 +1,8% +19,1%
  PDO cheeses…
      ▸ hard Italy 10 Oct 2024 +0,5% +13,9%
      ▸ semi-hard Italy 7 Oct 2024 +0,4% +3,7%
      ▸ fresh Italy 7 Oct 2024 0,0% +3,2%
Cheeses Germany and Oceania 9 Oct 2024 +1,7% +10,7%
Butter Italy, Germany and Oceania 9 Oct 2024 -1,0% +59,0%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 9 Oct 2024 0,0% +5,6%
Whey powder Germany and USA 9 Oct 2024 +1,4% +39,8%
  Feed input
      ▸ Corn Italy and USA 8 Oct 2024 -1,2% -2,3%
      ▸ Soybeans Italy and USA 8 Oct 2024 -3,8% -1,2%
      ▸ GMO Soybean Meal Italy 3 Oct 2024 +1,6% -11,2%
Oil Europe 27 Sep 2024 -1,2% -22,5%
Retail price
PDO hard cheeses Italy Aug 2024 +0,8% +1,3%
Fresh cheeses Italy Aug 2024 +1,2% -1,7%
Butter Italy Aug 2024 +2,2% +1,1%
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: Aug 31, 2024 635.179 tons (-0.2% on Jul 31, 2024; -6.4% on Aug, 2023)
    · EU-27
    Consumption (Production + Import - Export): Jul 31,2024 0 tons (-32,4% on Jun 30, 2024; -6,3% on Jul, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Aug 31, 2024 1.691.840 number of wheels (-0,2% on 31 Jul 2024; -0,1% on Aug, 2023)
    - Total: Aug 31, 2024 6.104.090 number of wheels (-0,9% on 31 Jul 2024; +1,8% on Aug, 2023)

  • DRY WHEY Stocks
    · US Stock: Aug 31, 2024 26.833 tons (-7.2% rispetto a Jul 31, 2024; -32.6% rispetto a Aug, 2023)

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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: Bauli Croissant

Name:
Bauli croissant
Company:
Bauli SpA
Establishment country:
Verona,Italy
Products:
Naturally leavened oven-baked products (holidays cakes, croissants, puff pastries, confectionery cakes, shortbreads, savory biscuits, cream crackers, other snacks)

Like Bauli's holiday cakes, the Bauli croissants are made using a long natural leavening process.
Water and flour are progressively added to the natural yeast to create a croissant dough without the use of chemical additives, allowing it to rise naturally. After 18 hours of leavening the croissants have the right softness, flavor and unique aroma. They stay fresh for much longer than regular bread or cakes, without any preservatives inside.

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The Agricultural Market News are now available on TESEO.clal.it: click here.

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