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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Related Charts

Market News

World

Malaysia: Palm oil price	In calo	-8,16%
New Zealand: Milk Production	In calo	-6,47%
US: Cheese 40# Blocks price	In calo	-2,56%
US: Butter, Grade AA price	In calo	-0,85%
South America: Skim Milk Powder (SMP) price	In aumento	+2,63%
Oceania: Cheddar price	In calo	-2,59%

Europe

Netherlands: Skim Milk Powder feed price	In calo	-1,30%
Netherlands: Skim Milk Powder (Adpi-SMP) price	In calo	-1,25%
Netherlands: Butter price (82%)	In calo	-1,10%
Netherlands: Whey Powder feed price	In calo	-7,14%
France: SMP price (Poudre 0%)	In aumento	+1,65%
France: Butter price (82%)	In calo	-0,97%

Italy

IT, Verona: foreign Whole Spot Milk price	In aumento	+3,25%
IT, Verona: Spot milk price	In aumento	+3,15%
IT, Verona: foreign Skim Spot Milk price	In aumento	+4,62%
IT, Milan: foreign Spot Milk 0,03% price	In aumento	+6,25%
IT, Milan: Spot Milk price from Germany	In aumento	+3,31%
IT, Milan: Spot milk price	In aumento	+3,23%

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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.

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Milk - Balance sheet in Mio Tons \| Year 2022 (Forecast made in December)
Country	Cow Milk Production		Other Milk Production		Fluid Domestic Consumption		Factory Use
World	549.36	+1.0%	114.52	+2.4%	192.92	+1.2%	465.79	+1.3%
India	98.00	+2.1%	105.50	+2.4%	85.00	+2.4%	118.49	+2.2%
Share %	17.8%		92.1%		44.1%		25.4%
EU-27	146.70	+0.7%	4.45	+2.3%	23.95	+0.2%	126.27	+0.8%
Share %	26.7%		3.9%		12.4%		27.1%
United States	103.28	+0.7%	0.00	0.0%	20.98	-0.1%	81.75	+0.9%
Share %	18.8%		0.0%		10.9%		17.6%
China	35.50	+2.6%	1.15	+4.5%	15.00	+3.4%	23.03	+2.5%
Share %	6.5%		1.0%		7.8%		4.9%
Russia	32.15	+0.4%	0.00	0.0%	6.90	-1.3%	23.51	+1.0%
Share %	5.9%		0.0%		3.6%		5.0%
Source: USDA, Latest update: 2021-12-18

Milk - Balance sheet in Mio Tons \| Year 2022 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
China	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2021-12-18

Milk - Balance sheet in Mio Tons \| Year 2021
World	544.07	+0.8%	111.85	+1.8%	190.72	+1.6%	459.93	+0.8%
India	96.00	+2.3%	103.00	+2.0%	83.00	+2.5%	115.99	+1.9%
Share %	17.7%	91.7%	42.9%	25.5%
EU-27	145.70	+0.2%	4.35	+2.1%	23.90	-0.1%	125.25	+0.2%
Share %	26.9%	3.9%	12.4%	27.5%
United States	102.60	+1.3%	0.00	0.0%	21.00	-0.1%	81.03	+1.7%
Share %	19.0%	0.0%	10.9%	17.8%
China	34.60	+0.6%	1.10	0.0%	14.50	+11.5%	22.48	-4.4%
Share %	6.4%	1.0%	7.5%	4.9%
Russia	32.02	+0.0%	0.00	0.0%	6.99	-1.3%	23.28	+0.2%
Share %	5.9%	0.0%	3.6%	5.1%
Source: USDA, Latest update: 2021-12-18

Butter - Balance sheet in Mio Tons \| Year 2022 (Forecast made in December)
World	0.36	-6.5%	11.56	+2.5%	0.61	+2.3%	1.00	+2.3%	11.18	+2.4%	0.35	-2.2%
India	0.00	0.0%	6.50	+3.2%	0.00	0.0%	0.03	+20.0%	6.47	+3.1%	0.00	0.0%
Share %	0.0%	56.2%	0.0%	3.0%	57.9%	0.0%
EU-27	0.00	0.0%	2.15	+0.5%	0.05	-18.2%	0.26	+2.0%	1.94	-0.2%	0.00	0.0%
Share %	0.0%	18.6%	8.2%	26.0%	17.4%	0.0%
United States	0.10	-19.4%	0.99	+4.4%	0.07	0.0%	0.05	-10.0%	1.01	+2.6%	0.10	-2.0%
Share %	27.8%	8.6%	11.5%	5.0%	9.0%	28.6%
New Zealand	0.10	+5.4%	0.49	+3.2%	0.00	0.0%	0.46	+4.6%	0.03	+3.2%	0.10	-1.0%
Share %	27.8%	4.2%	0.0%	46.0%	0.3%	28.6%
Russia	0.02	-21.1%	0.28	+3.7%	0.12	-4.0%	0.00	0.0%	0.39	-0.5%	0.02	+20.0%
Share %	5.6%	2.4%	19.7%	0.0%	3.5%	5.7%
Source: USDA, Latest update: 2021-12-18

Butter - Balance sheet in Mio Tons \| Year 2022 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
New Zealand	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2021-12-18

Butter - Balance sheet in Mio Tons \| Year 2021
World	0.39	+15.9%	11.27	+1.2%	0.60	-2.1%	0.97	-5.7%	10.92	+2.5%	0.36	-6.5%
India	0.00	0.0%	6.30	+3.3%	0.00	0.0%	0.03	+25.0%	6.28	+3.2%	0.00	0.0%
Share %	0.0%	55.4%	0.0%	3.5%	57.0%	0.0%
EU-27	0.00	0.0%	2.13	-0.9%	0.06	+5.8%	0.25	-20.9%	1.94	+2.6%	0.00	0.0%
Share %	0.0%	18.7%	11.6%	29.3%	17.6%	0.0%
United States	0.12	+44.2%	0.95	-2.6%	0.07	+4.3%	0.06	+122.2%	0.99	+0.7%	0.10	-19.4%
Share %	30.4%	8.4%	13.5%	7.0%	9.0%	24.4%
New Zealand	0.09	0.0%	0.47	-6.0%	0.00	0.0%	0.44	-7.6%	0.03	+3.3%	0.10	+5.4%
Share %	22.8%	4.1%	0.0%	51.5%	0.3%	24.4%
Russia	0.02	+35.7%	0.27	-4.3%	0.13	-2.3%	0.00	0.0%	0.40	-1.5%	0.02	-21.1%
Share %	5.1%	2.4%	25.1%	0.0%	3.6%	4.9%
Source: USDA, Latest update: 2021-12-18

Cheese - Balance sheet in Mio Tons \| Year 2022 (Forecast made in December)
World	1.01	+3.9%	22.08	+1.0%	2.35	+5.4%	3.00	+1.2%	21.43	+1.6%	1.02	+0.3%
EU-27	0.00	0.0%	10.40	+0.5%	0.20	+2.6%	1.42	+0.7%	9.18	+0.5%	0.00	0.0%
Share %	0.0%	47.1%	8.5%	47.3%	42.8%	0.0%
United States	0.66	+3.9%	6.30	+1.5%	0.19	+1.6%	0.41	+0.2%	6.08	+2.1%	0.65	-0.6%
Share %	65.3%	28.5%	8.1%	13.7%	28.4%	63.7%
Russia	0.04	+8.1%	1.09	+0.9%	0.34	+1.5%	0.05	+12.5%	1.38	+1.0%	0.04	0.0%
Share %	4.0%	4.9%	14.5%	1.7%	6.4%	3.9%
Brazil	0.00	0.0%	0.80	+0.6%	0.03	+6.3%	0.01	+25.0%	0.82	+0.7%	0.00	0.0%
Share %	0.0%	3.6%	1.3%	0.3%	3.8%	0.0%
Canada	0.09	+8.4%	0.55	+1.9%	0.05	+10.6%	0.01	-11.1%	0.59	+4.0%	0.09	0.0%
Share %	8.9%	2.5%	2.1%	0.3%	2.8%	8.8%
Source: USDA, Latest update: 2021-12-18

Cheese - Balance sheet in Mio Tons \| Year 2022 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
Russia	-	-	-	-	-
Brazil	-	-	-	-	-
Canada	-	-	-	-	-
Source: USDA, Latest update: 2021-12-18

Cheese - Balance sheet in Mio Tons \| Year 2021
World	0.98	+5.7%	21.86	+2.2%	2.23	+3.6%	2.96	+4.3%	21.09	+2.1%	1.01	+3.9%
EU-27	0.00	0.0%	10.35	+1.2%	0.20	-12.2%	1.41	+0.6%	9.14	+0.9%	0.00	0.0%
Share %	0.0%	47.5%	12.2%	59.2%	43.4%	0.0%
United States	0.63	+5.5%	6.21	+3.2%	0.19	+48.4%	0.41	+16.1%	5.96	+3.6%	0.66	+3.9%
Share %	64.7%	28.5%	11.6%	17.2%	28.3%	68.8%
Russia	0.04	+5.7%	1.08	+1.5%	0.34	+7.7%	0.04	+33.3%	1.37	+2.2%	0.04	+8.1%
Share %	4.1%	5.0%	20.7%	1.7%	6.5%	4.2%
Brazil	0.00	0.0%	0.79	0.0%	0.03	+3.2%	0.00	0.0%	0.82	+0.1%	0.00	0.0%
Share %	0.0%	3.6%	1.8%	0.0%	3.9%	0.0%
Canada	0.08	-2.4%	0.54	+3.3%	0.05	+14.6%	0.01	-18.2%	0.57	+2.9%	0.09	+8.4%
Share %	8.2%	2.5%	3.0%	0.4%	2.7%	9.4%
Source: USDA, Latest update: 2021-12-18

SMP - Balance sheet in Mio Tons \| Year 2022 (Forecast made in December)
World	0.50	-14.0%	4.89	+2.8%	1.57	+4.1%	2.50	+1.5%	3.97	+2.3%	0.49	-2.8%
EU-27	0.00	0.0%	1.56	+0.6%	0.02	-20.0%	0.83	+0.6%	0.76	0.0%	0.00	0.0%
Share %	0.0%	31.9%	1.3%	33.2%	19.1%	0.0%
United States	0.12	-11.9%	1.24	+4.7%	0.00	0.0%	0.92	+3.4%	0.32	+1.9%	0.12	+3.4%
Share %	24.0%	25.4%	0.0%	36.8%	8.1%	24.5%
India	0.04	-29.0%	0.70	+2.9%	0.00	0.0%	0.03	+6.7%	0.68	+2.1%	0.03	-31.8%
Share %	8.0%	14.3%	0.0%	1.2%	17.1%	6.1%
New Zealand	0.09	-21.6%	0.36	+7.6%	0.01	0.0%	0.36	+1.4%	0.02	0.0%	0.09	-5.5%
Share %	18.0%	7.4%	0.6%	14.4%	0.5%	18.4%
Brazil	0.00	0.0%	0.17	+0.6%	0.03	+8.3%	0.00	0.0%	0.19	+1.6%	0.00	0.0%
Share %	0.0%	3.5%	1.9%	0.0%	4.8%	0.0%
Source: USDA, Latest update: 2021-12-18

SMP - Balance sheet in Mio Tons \| Year 2022 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
India	-	-	-	-	-
New Zealand	-	-	-	-	-
Brazil	-	-	-	-	-
Source: USDA, Latest update: 2021-12-18

SMP - Balance sheet in Mio Tons \| Year 2021
World	0.59	+4.8%	4.76	-1.7%	1.51	+4.9%	2.47	+2.1%	3.88	+1.2%	0.50	-14.0%
EU-27	0.00	0.0%	1.55	-2.5%	0.03	-30.6%	0.82	-1.3%	0.76	-5.0%	0.00	0.0%
Share %	0.0%	30.8%	1.9%	32.5%	18.4%	0.0%
United States	0.13	+13.6%	1.18	-3.2%	0.00	0.0%	0.89	+9.5%	0.31	-21.4%	0.12	-11.9%
Share %	21.2%	23.4%	0.0%	35.3%	7.5%	21.9%
India	0.06	+47.6%	0.68	+3.0%	0.00	-100.0%	0.03	+500.0%	0.67	+5.0%	0.04	-29.0%
Share %	9.8%	13.5%	0.0%	1.2%	16.2%	7.3%
New Zealand	0.12	0.0%	0.33	-8.8%	0.01	+25.0%	0.35	-1.7%	0.02	+7.1%	0.09	-21.6%
Share %	19.6%	6.5%	0.6%	13.9%	0.5%	16.4%
Brazil	0.00	0.0%	0.16	+1.9%	0.02	-7.7%	0.00	0.0%	0.19	+0.5%	0.00	0.0%
Share %	0.0%	3.2%	1.3%	0.0%	4.6%	0.0%
Source: USDA, Latest update: 2021-12-18

WMP - Balance sheet in Mio Tons \| Year 2022 (Forecast made in December)
World	0.41	+1.0%	4.53	-0.4%	1.37	+1.1%	2.20	-1.5%	3.80	+3.5%	0.32	-22.8%
New Zealand	0.15	-12.3%	1.60	-0.9%	0.00	+50.0%	1.60	-1.2%	0.02	0.0%	0.14	-10.0%
Share %	36.6%	35.3%	0.0%	72.7%	0.5%	43.8%
China	0.13	+25.0%	0.97	+2.1%	0.88	0.0%	0.00	-50.0%	1.92	+6.4%	0.06	-56.0%
Share %	31.7%	21.4%	64.2%	0.0%	50.5%	18.8%
Brazil	0.00	0.0%	0.60	+0.2%	0.06	+13.2%	0.01	+16.7%	0.65	+1.1%	0.00	0.0%
Share %	0.0%	13.2%	4.4%	0.5%	17.1%	0.0%
EU-27	0.00	0.0%	0.59	-6.3%	0.01	-50.0%	0.28	-9.7%	0.32	-4.5%	0.00	0.0%
Share %	0.0%	13.0%	0.7%	12.7%	8.4%	0.0%
Argentina	0.03	+114.3%	0.24	+2.1%	0.00	0.0%	0.15	+5.1%	0.09	+11.1%	0.04	+16.7%
Share %	7.3%	5.3%	0.0%	6.8%	2.4%	12.5%
Source: USDA, Latest update: 2021-12-18

WMP - Balance sheet in Mio Tons \| Year 2022 (Forecast made in June)
World	-	-	-	-	-
New Zealand	-	-	-	-	-
China	-	-	-	-	-
Brazil	-	-	-	-	-
EU-27	-	-	-	-	-
Argentina	-	-	-	-	-
Source: USDA, Latest update: 2021-12-18

WMP - Balance sheet in Mio Tons \| Year 2021
World	0.41	+14.2%	4.55	-0.7%	1.36	+12.2%	2.23	+3.1%	3.67	+2.7%	0.41	+1.0%
New Zealand	0.17	+14.0%	1.62	+2.9%	0.00	0.0%	1.62	+5.7%	0.02	0.0%	0.15	-12.3%
Share %	39.8%	34.4%	0.0%	70.0%	0.5%	47.5%
China	0.10	+100.0%	0.95	-4.2%	0.88	+36.6%	0.00	+100.0%	1.80	+13.8%	0.13	+25.0%
Share %	23.4%	20.2%	65.1%	0.0%	46.6%	41.1%
Brazil	0.00	0.0%	0.59	+0.7%	0.05	-40.4%	0.01	+500.0%	0.64	-5.5%	0.00	0.0%
Share %	0.0%	12.5%	3.7%	0.4%	16.6%	0.0%
EU-27	0.00	0.0%	0.63	-11.0%	0.01	-63.0%	0.31	-10.1%	0.33	-15.4%	0.00	0.0%
Share %	0.0%	13.4%	0.7%	13.4%	8.5%	0.0%
Argentina	0.01	-51.7%	0.24	+10.3%	0.00	0.0%	0.14	-6.8%	0.08	+1.3%	0.03	+114.3%
Share %	2.3%	5.1%	0.0%	6.0%	2.1%	9.5%
Source: USDA, Latest update: 2021-12-18

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 2022 on Jan-Mar 2021
EU-27	-0,2% -69	+18,7% +117	-9,1% -558	+0,1% +45	+561
New Zealand	-5,5% -344	-47,7% -30	-12,5% -692	+3,5% +14	+304
USA	-1,0% -254	+5,6% +22	-1,7% -56	+1,6% +374	-550
Australia	-5,8% -121	-4,3% -14	+16,8% +164	+4,8% +105	-403
Belarus	+1,7% +32	-14,9% -3	+2,4% +26	+3,4% +23	-20
United Kingdom	-2,0% -78	+7,0% +66	+18,2% +118	+4,3% +182	-313
Argentina	+1,6% +42	+154,9% +8	-5,4% -23	+0,5% +8	+64
Uruguay	-1,2% -5	-33,8% -4	-4,2% -16	0% 0	+6
Chile	-4,0% -24	-32,1% -74	+87,9% +32	+2,6% +4	-134
TOTAL	*-1,0%* -822	*+3,3%* +87	*-5,5%* -1.005	*+1,1%* +755	-485
Last update: 2022-05-21 (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, United Kingdom: 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: 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 »

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 2021 on Jan-Dec 2020
EU-27	-0,3% -436	-15,3% -507	-3,4% -895	+0,8% +1.142	-1.190
New Zealand	+0,1% +13	+4,8% +10	+3,3% +623	+1,6% +26	-626
USA	+1,3% +1.338	+5,7% +97	+9,4% +1.147	+2,1% +1.891	-1.602
Australia	-0,9% -80	-5,0% -68	+15,8% +527	+31,6% +2.081	-2.756
Belarus	+0,7% +54	+12,0% +10	+4,5% +194	-3,7% -109	-22
United Kingdom	-0,1% -19	-13,7% -710	-19,7% -719	-2,3% -405	+396
Argentina	+4,0% +454	+94,1% +13	+3,2% +48	+5,3% +334	+84
Uruguay	+1,8% +40	-2,9% -2	+2,8% +41	0% 0	-3
Chile	-0,3% -7	+15,2% +110	-6,8% -10	+2,7% +16	+97
TOTAL	*+0,4%* +1.356	*-8,3%* -1.047	*+1,3%* +957	*+1,9%* +4.976	-5.623
Last update: 2022-05-21 (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, United Kingdom: 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: 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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2021 on Jan-Dec 2020
USA	+2,8% +34	-48,1% -0	+8,1% +66	-21,4% -84	+51
EU-27	-6,4% -98	-11,9% -4	-5,1% -42	-5,0% -38	-22
New Zealand	-9,1% -32	+5,5% +0	-8,6% -31	+7,1% +1	-2
Australia	-5,5% -9	-13,4% -2	+21,7% +28	-7,0% -3	-36
United Kingdom	-48,4% -0	-30,2% -6	-28,5% -20	0% 0	+14
TOTAL	*-3,2%* -105	*-15,4%* -13	*+0,0%* +1	*-10,2%* -124	+6
Last update: 2022-05-02 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2020 on Jan-Dec 2019
USA	+9,2% +101	+31,7% +0	+15,9% +112	-5,1% -21	+11
EU-27	+1,7% +25	-34,1% -19	-9,8% -90	-5,2% -42	+138
New Zealand	-4,5% -17	+95,8% +4	-4,4% -17	+100,0% +7	-3
Australia	-2,3% -4	+7,4% +1	+0,8% +1	-4,4% -2	-1
United Kingdom	+56,9% +0	-19,8% -5	-11,7% -10	0% 0	+5
TOTAL	*+3,4%* +106	*-18,8%* -19	*-0,2%* -4	*-4,6%* -58	+149
Last update: 2022-05-02 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

WMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2021 on Jan-Dec 2020
New Zealand	+2,9% +45	-1,4% -0	+5,5% +85	0% 0	-39
EU-27	-8,5% -70	-59,2% -16	-13,5% -47	-15,3% -67	+27
Australia	+15,1% +7	-13,5% -6	+39,5% +15	+5,0% +2	-15
USA	+7,4% +5	-49,7% -11	+1,7% +1	+8,8% +3	-11
United Kingdom	-52,2% -0	-9,5% -2	-44,7% -22	0% 0	+20
TOTAL	*-0,5%* -13	*-30,4%* -36	*+1,5%* +31	*-11,7%* -62	-18
Last update: 2022-03-22 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

WMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2020 on Jan-Dec 2019
New Zealand	+5,5% +82	-51,4% -2	-0,2% -3	-10,0% -2	+85
EU-27	+1,8% +15	-34,8% -15	+10,0% +31	-10,8% -53	+22
Australia	+25,1% +9	+15,4% +6	-11,9% -5	+21,2% +7	+13
USA	-2,0% -1	+61,3% +9	-2,1% -1	-5,6% -2	+10
United Kingdom	+81,8% +0	+6,2% +1	-25,3% -17	0% 0	+18
TOTAL	*+4,4%* +105	*-0,6%* -1	*+0,3%* +6	*-8,6%* -50	+148
Last update: 2022-03-22 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

BURRO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2021 on Jan-Dec 2020
New Zealand	-0,0% -0	+11,3% +0	-6,4% -27	+3,3% +1	+26
EU-27	-2,9% -62	-1,5% -1	-15,9% -50	+2,7% +50	-63
USA	-3,5% -34	-7,9% -5	+113,6% +31	+0,7% +7	-77
United Kingdom	-39,7% -0	-29,1% -22	-14,9% -9	-0,5% -1	-12
Australia	+6,7% +3	-13,6% -6	+53,1% +8	+183,9% +103	-114
TOTAL	*-2,5%* -92	*-14,5%* -34	*-5,6%* -47	*+5,1%* +160	-240
Last update: 2022-03-22 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

BURRO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2020 on Jan-Dec 2019
New Zealand	-4,7% -25	-24,6% -0	-8,4% -39	+3,4% +1	+13
EU-27	+2,5% +52	-33,4% -24	+5,6% +16	+0,5% +10	+2
USA	+7,6% +69	+1,0% +1	-6,6% -2	+4,0% +38	+33
United Kingdom	+87,1% +0	+0,3% +0	-11,6% -8	+4,6% +9	-1
Australia	+15,8% +6	+6,3% +2	-9,2% -2	-27,3% -21	+31
TOTAL	*+2,9%* +103	*-8,2%* -21	*-3,9%* -34	*+1,2%* +37	+79
Last update: 2022-03-22 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

FORMAGGIO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2021 on Jan-Dec 2020
EU-27	+1,2% +114	-11,7% -26	-1,1% -16	+0,9% +76	+28
USA	+3,5% +212	+13,7% +23	+13,2% +47	+3,6% +206	-19
New Zealand	+11,4% +39	+9,2% +1	+9,4% +31	0% 0	+9
Australia	+15,1% +57	-0,7% -1	+2,4% +4	0% 0	+53
United Kingdom	-43,3% -0	-17,5% -85	-18,9% -36	-4,3% -34	-16
TOTAL	*+2,6%* +422	*-9,0%* -88	*+1,2%* +30	*+1,6%* +248	+56
Last update: 2022-03-22 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 »

FORMAGGIO ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2020 on Jan-Dec 2019
EU-27	+2,5% +229	+5,7% +12	+6,1% +80	+2,0% +164	-3
USA	+0,8% +46	-8,6% -16	-0,9% -3	-0,0% -1	+35
New Zealand	-3,5% -12	-18,0% -2	-2,4% -8	0% 0	-7
Australia	+4,1% +15	+1,1% +1	-4,3% -7	+2,7% +8	+15
United Kingdom	+88,4% +0	-7,5% -39	-7,7% -16	-0,9% -7	-16
TOTAL	*+1,8%* +279	*-4,3%* -44	*+1,9%* +46	*+1,1%* +164	+25
Last update: 2022-03-22 (e) Estimated data Information Note SOURCE Production: EU-27, United Kingdom: 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-27: Eurostat New Zealand: Stat.nz US: Census Bureau United Kingdom: United Kingdom HMRC Australia: 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 (2022-06-24)		OCEANIA (2022-06-24)		EU¹ (2022-06-30)		GDT² (2022-06-21)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.608	-2,6%	5.225	-4,8%	5.820	-1,2%	n.a.	-
BUTTER	6.427	-0,9%	6.188	+4,2%	7.514	-1,0%	6.285	+3,3%
SMP	4.046	-1,2%	4.313	+2,1%	4.362	-0,7%	4.252	-0,1%
WMP	5.016	0,0%	4.113	+2,5%	5.661	-1,1%	4.128	-0,8%
WHEY POWDER	1.257	0,0%			1.479	-9,6%
MILK (US$/100Kg)	59,75	+4,6%	47,86	-4,5%	50,10	+0,8%
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 (2022-06-24)		OCEANIA (1656021600)		EU¹ (2022-06-30)		GDT² (2022-06-21)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	4.391	-3,4%	4.965	-4,3%	5.534	+1,1%	n.a.	-
BUTTER	6.125	-1,7%	5.879	+4,7%	7.115	-1,1%	5.976	+5,3%
SMP	3.844	-1,6%	4.098	+2,6%	4.130	-0,8%	4.043	+1,9%
WMP	4.766	-0,4%	3.908	+3,0%	5.360	-1,2%	3.925	+1,2%
WHEY POWDER	1.194	-0,4%			1.400	-9,7%
MILK (€/100Kg)	55,22	+6,6%	44,24	-2,7%	47,36	+3,0%
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	27 Jun 2022	+3,2%	+62,2%
▸ farm-gate	EU (13 country)	May 2022	+3,8%	+30,7%
▸ farm-gate	USA	Apr 2022	+6,6%	+64,0%
PDO cheeses…
▸ hard	Italy	27 Jun 2022	0,0%	+6,9%
▸ semi-hard	Italy	27 Jun 2022	+0,6%	+18,4%
▸ fresh	Italy	27 Jun 2022	0,0%	+11,7%
Cheeses	Germany and Oceania	29 Jun 2022	-1,2%	+41,0%
Butter	Italy, Germany and Oceania	29 Jun 2022	+0,9%	+72,6%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	29 Jun 2022	-0,1%	+51,6%
Whey powder	Germany and USA	29 Jun 2022	-2,3%	+8,2%
Corn	Italy and USA	28 Jun 2022	+3,3%	+41,6%
Soybeans	Italy and USA	28 Jun 2022	+1,2%	+22,5%
Oil	Europe	24 Jun 2022	-6,6%	+54,9%
Retail price
PDO hard cheeses	Italy	May 2022	+5,0%	+6,1%
Fresh cheeses	Italy	May 2022	+4,1%	+10,5%
Butter	Italy	May 2022	+8,2%	+22,3%

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

Global Milk Supply in the Key Exporters of Dairy Products: -1,1% (Jan'22 - May'22)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -5,87% (Feb'22 - Mar'22)

BUTTER Stocks
· US Stocks: May 31, 2022 145.868 tons (+7.8% on Apr 30, 2022; -22.3% on May, 2021)
· EU-27
Consumption (Production + Import - Export): Apr 30,2022: 171.143 tons (+4,1% on Mar 31, 2022; -6,5% on Apr, 2021)

SMP Stocks
· US Stocks: Apr 30, 2022 135.495 tons (+3.8% on Mar 31, 2022; +0.4% on Apr, 2021)
· EU-27
Consumption (Production + Import - Export): Apr 30,2022 88.138 tons (+26,0% on Mar 31, 2022; +26,0% on Apr, 2021)

CHEESE Stocks
· US Stocks: May 31, 2022 685.829 tons (+2.1% on Apr 30, 2022; +3.7% on May, 2021)
· EU-27
Consumption (Production + Import - Export): Apr 30,2022 0 tons (+26,0% on Mar 31, 2022; +26,0% on Apr, 2021)
· ITALY

Grana Padano Stocks:
- Marked PDO: May 31, 2022 1.884.066 number of wheels (-3,7% on 30 Apr 2022; -7,9% on May, 2021)
- Total: May 31, 2022 5.860.698 number of wheels (+0,8% on 30 Apr 2022; -4,3% on May, 2021)

DRY WHEY Stocks
· US Stock: Apr 30, 2022 33.141 tons (+6.1% rispetto a Mar 31, 2022; +21.2% rispetto a Apr, 2021)

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CLAL is an Italian Dairy Economic Consulting firm that analyses the Dairy Market, describes trends and provides data, news and synthesis thanks to information and training activities.

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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.

▸ New Zealand SMP Export: -21,7% (May '22) **
▸ New Zealand Bulk and Packed Milk Export: +4,5% (May '22) **
▸ Argentina Cheese Export: +28,2% (May '22) **
▸ Japan Cream Import: -20,1% (May '22) **

Show/Hide all ALERT

▸ New Zealand WMP Export: -24,6% (May '22) **
▸ New Zealand Cream Export: -37,5% (May '22) **
▸ New Zealand Cheese Export: -29,8% (May '22) **
▸ Mexico Cheese Import: +17,6% (May '22) **
▸ Mexico Cream Import: -65,6% (May '22) **

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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Rising Soybean local prices and production in China
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It’s always the same story: a barn to rebuild, struggles finding workers, not enough land to reliably grow forage and other crops… ... read

GlobalDairyTrade results of June 21, 2022

Change in Price Index from Previous Event: -1,3 %
Average Winning Price: 4.600 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	5.913	-4,7 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	6.213	+2,4 %
RENNET CASEIN	n.a.	-
CHEDDAR	4.875	-9,0 %
LACTOSE	n.a.	-
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	4.276	+1,0 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	4.125	-0,6 %

Next GlobalDairyTrade Event: July 05, 2022

ITALY: Import/Export as of March 31, 2022

Exports of G.Padano + P.Reggiano:	+16,81 %
Exports of Gorgonzola:	+9,69 %
Exports of Grated cheese:	+21,97 %

Imports of Full-fat bulk milk:	-25,71 %
Imports of Packed semi-skimmed milk:	+17,38 %

Next Update: July 18, 2022

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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Clal opens up a showcase for innovative technological products. Each product is linked with a technical sheet and a Company profile.

Agricultural Market Feed

IT, Milan: Italian Corn price	In calo	-1,39%
IT, Milan: Pressed forst corp hay price	In calo	-4,35%
IT, Milan: linseed cake price	In aumento	+1,21%
IT, Milan: Bran price	In calo	-1,42%
IT, Milan: Italian Soybeans flour price	In aumento	+0,90%
IT, Milan: Foreign soybeans price	In calo	-3,60%
IT, Milan: Italian soybeans price	In calo	-1,56%
IT, Milan: EU barley price	In calo	-2,27%
IT, Foggia: durum wheat - mercantile price	In aumento	+3,44%
IT, Foggia: durum wheat - buono mercantile price	In aumento	+2,51%
IT, Foggia: durum wheat - organic for foodstuff price	In aumento	+2,60%
IT, Foggia: durum wheat - fino price	In aumento	+1,76%

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	40%
Simulated Feed Ration (vs prev month)	-3.74%
Milk:Feed Ratio	1.12

Prices of Fertilizers

I - Torino, Triple superphosphate 46%	In aumento	835	€/ton
I - Torino, Ammonium nitrate 26%	In calo	710	€/ton
I - Torino, Urea 46%	In calo	810	€/ton

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Butter - Balance sheet in Mio Tons \| Year 2022 (Forecast made in December)
Country	Beginning Stocks		Production		Import		Export		Consumption		Ending Stocks
World	0.36	-6.5%	11.56	+2.5%	0.61	+2.3%	1.00	+2.3%	11.18	+2.4%	0.35	-2.2%
India	0.00	0.0%	6.50	+3.2%	0.00	0.0%	0.03	+20.0%	6.47	+3.1%	0.00	0.0%
Share %	0.0%		56.2%		0.0%		3.0%		57.9%		0.0%
EU-27	0.00	0.0%	2.15	+0.5%	0.05	-18.2%	0.26	+2.0%	1.94	-0.2%	0.00	0.0%
Share %	0.0%		18.6%		8.2%		26.0%		17.4%		0.0%
United States	0.10	-19.4%	0.99	+4.4%	0.07	0.0%	0.05	-10.0%	1.01	+2.6%	0.10	-2.0%
Share %	27.8%		8.6%		11.5%		5.0%		9.0%		28.6%
New Zealand	0.10	+5.4%	0.49	+3.2%	0.00	0.0%	0.46	+4.6%	0.03	+3.2%	0.10	-1.0%
Share %	27.8%		4.2%		0.0%		46.0%		0.3%		28.6%
Russia	0.02	-21.1%	0.28	+3.7%	0.12	-4.0%	0.00	0.0%	0.39	-0.5%	0.02	+20.0%
Share %	5.6%		2.4%		19.7%		0.0%		3.5%		5.7%
Source: USDA, Latest update: 2021-12-18

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