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Market News

World

US: Cheese 40# Blocks price In aumento +4,73%
US: Butter, Grade AA price In aumento +3,64%
US: Whey Protein Concentrate (34%) price In aumento +1,05%
US: Nonfat Dry Milk Price In calo -0,81%
Australia: Milk delivery In aumento +4,93%
Uruguay: Farm gate milk price In aumento +0,71%

Europe

Estonia: Farm gate milk price In calo -0,23%
Germany: Whole Milk Powder (WMP) price In aumento +0,82%
DE, Kempten: Emmentaler price In aumento +10,34%
Germany: Skim Milk Powder feed price In aumento +1,28%
DE, Kempten: "Markenbutter" price In aumento +7,34%
Germany: Skim Milk Powder (Adpi - SMP) price In aumento +1,94%

Italy

IT, Verona: Spot milk price In calo -2,11%
IT, Verona: foreign Skim Spot Milk price In calo -6,25%
IT, Milan: Grana Padano PDO (60-90 day) price In aumento +0,65%
IT, Milan:  Parm Regg PDO (18 mo.) price In aumento +0,87%
IT, Milan: Grana Padano RISERVA PDO (20 months) price In aumento +0,47%
IT, Milan: Parm Regg PDO (12 months ) price In aumento +0,95%
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 2024 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 552.03+0.4% 119.43+2.2% 196.12+0.8% 470.23+0.7%
India 99.50 +0.5% 110.70 +2.4% 89.00 +2.2% 121.18 +1.0%
Share % 18.0% 92.7% 45.4% 25.8%
EU-27 144.60 -0.1% 4.20 -0.1% 23.65 -0.2% 124.64 -0.1%
Share % 26.2% 3.5% 12.1% 26.5%
United States 103.87 +0.9% 0.00 0.0% 20.40 -1.2% 82.84 +1.4%
Share % 18.8% 0.0% 10.4% 17.6%
China 41.50 +1.2% 1.20 0.0% 17.00 +1.7% 26.48 +1.0%
Share % 7.5% 1.0% 8.7% 5.6%
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: 2023-12-20

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-Dec 2023 on Jan-Dec 2022
EU-27
+38
-121
+1.355
-935
-504
New Zealand
+196
+36
+1.572
+8
-1.349
USA
-24
+35
-533
+1.703
-1.159
United Kingdom
+6
+137
+291
+298
-445
Australia
+21
+146
-634
+301
+501
Uruguay
+27
+6
+38
0
-5
Argentina
-239
-16
-217
+132
-171
Chile
-50
+64
-58
+31
+39
TOTAL
-26
+286
+1.814
+1.539
-3.093

Last update: 2024-02-22
(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
(2024-02-23)
OCEANIA
(2024-02-16)
EU¹
(2024-02-21)
GDT²
(2024-02-20)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.417 +4,7% 4.388 +4,2% 3.890 -0,1% 4.138 -7,5%
BUTTER 6.283 +3,6% 6.513 +9,7% 6.103 +4,7% 6.527 +1,3%
SMP 2.657 -0,8% 2.775 +4,2% 2.760 +1,7% 2.758 +1,2%
WMP 4.630 0,0% 3.413 +2,2% 3.937 +0,5% 3.373 -2,1%
WHEY POWDER 1.075 0,0%     1.032 +0,1%    
MILK (US$/100Kg) 45,42 -5,1% 35,40 +3,5% 50,10 -1,4%    
*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
(2024-02-23)
OCEANIA
(1708038000)
EU¹
(2024-02-21)
GDT²
(2024-02-20)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.151 +3,8% 4.075 +5,3% 3.612 0,0% 3.840 -7,7%
BUTTER 5.794 +2,7% 6.048 +10,9% 5.650 +4,6% 6.057 +1,0%
SMP 2.452 -1,4% 2.577 +5,3% 2.555 +1,6% 2.559 +0,9%
WMP 4.273 -0,6% 3.169 +3,3% 3.645 +0,4% 3.130 -2,3%
WHEY POWDER 992 -0,6%     955 0,0%    
MILK (€/100Kg) 41,65 -5,8% 32,47 +2,7% 45,94 -1,4%    
*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 26 Feb 2024 -1,1% -0,3%
      ▸ farm-gate EU (13 country) Jan 2024 +2,9% -16,5%
      ▸ farm-gate USA Dec 2023 -5,8% -18,3%
PDO cheeses…
      ▸ hard Italy 26 Feb 2024 +0,5% -0,1%
      ▸ semi-hard Italy 26 Feb 2024 0,0% -3,5%
      ▸ fresh Italy 26 Feb 2024 0,0% -5,4%
Cheeses Germany and Oceania 21 Feb 2024 +5,2% 0,0%
Butter Italy, Germany and Oceania 26 Feb 2024 +7,4% +25,8%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 23 Feb 2024 +0,7% -5,6%
Whey powder Germany and USA 23 Feb 2024 -0,4% +12,9%
Corn Italy and USA 22 Feb 2024 -0,9% -24,7%
Soybeans Italy and USA 22 Feb 2024 -0,8% -20,1%
Oil Europe 16 Feb 2024 +3,6% +0,3%
Retail price
PDO hard cheeses Italy Dec 2023 -1,7% -1,1%
Fresh cheeses Italy Dec 2023 +0,4% -0,2%
Butter Italy Dec 2023 -0,5% -11,6%
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: Dec 31, 2023 654.329 tons (+0.4% on Nov 30, 2023; -0.2% on Dec, 2022)
    · EU-27
    Consumption (Production + Import - Export): Dec 31,2023 0 tons (+52,0% on Nov 30, 2023; +14,0% on Dec, 2022)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Dec 31, 2023 1.754.245 number of wheels (+1,6% on 30 Nov 2023; -3,8% on Dec, 2022)
    - Total: Dec 31, 2023 5.692.446 number of wheels (-0,2% on 30 Nov 2023; +1,7% on Dec, 2022)

  • DRY WHEY Stocks
    · US Stock: Dec 31, 2023 31.467 tons (-2.4% rispetto a Nov 30, 2023; -0.2% rispetto a Dec, 2022)

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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.


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.


a new project:Sistema Stalla Performance and Competitiveness of Italian Dairy Farms
 

CLAL focus on: Fresh Grated Grana Padano Riserva

Name:
Fresh Grated Grana Padano Riserva
Company:
Ambrosi Spa
Base:
Castenedolo (BS), Italy
Establishment year:
1942
Products:
Grana Padano, Parmigiano Reggiano, fresh cheeses, other hard cheeses, butter


Freshly grated Grana Padano (PDO) RISERVA (aged 20 months at least), packaged in protective atmosphere.

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