CLAL - Advisory in Dairy and Food Product

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China - United States: the Trade War effects
in real-time

The China - U.S. Trade War has already had an important impact on the Chinese imports of dairy products, not only from the U.S., but also from other supplier countries.

This CLAL Lens edition aims to quantify, both in terms of volumes and value, the Trade War effects, 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...

visit the page »« back to main chart

Related Charts

Market News

World

US: Cheese 40# Blocks price	In calo	-13,47%
US: Butter, Grade AA price	In calo	-15,24%
South America: Whole Milk Powder (WMP) price	In calo	-3,33%
South America: Skim Milk Powder (SMP) price	In calo	-3,51%
Oceania: Cheddar price	In aumento	+4,65%
Oceania: Whole Milk Powder (WMP) price	In calo	-4,20%

Europe

Western Europe: Whey Powder Sweet price	In calo	-7,14%
Western Europe: WMP price	In calo	-7,35%
Western Europe: SMP price	In calo	-11,40%
Western Europe: Butter price (82%)	In calo	-4,88%
Lithuania: Farm gate milk price	In aumento	+0,97%
Germany: Skim Milk Powder feed price	In calo	-4,65%

Italy

IT, Mantua: Grana Padano PDO (10 months) price	In calo	-1,44%
IT: Parmigiano Regg PDO Production	In aumento	+8,40%
IT, Verona: Centrifuged Cream price	In aumento	+4,29%
IT, Verona: foreign Skim Spot milk price	In calo	-5,00%
IT, Verona: foreign Whole Spot milk price	In calo	-2,78%
IT, Verona: Spot milk price	In calo	-10,96%

click to see the
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.

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 2019 on Jan-Dec 2018
EU-28	+0,5% +820	+14,9% +85	+9,3% +1.849	+0,9% +1.402	-2.347
New Zealand	-0,7% -160	+26,4% +40	+9,0% +1.587	+1,7% +27	-1.734
USA	+0,4% +369	+4,5% +75	-0,6% -62	+1,3% +1.130	-623
Belarus	+0,7% +49	+0,3% +0	+4,6% +177	+5,6% +143	-270
Australia	-6,6% -620	+5,4% +66	-11,6% -448	+1,0% +66	-172
Uruguay	-4,5% -96	-0,3% -0	-3,2% -50	0% 0	-47
Argentina	-1,8% -177	-4,8% -2	-20,8% -303	-3,4% -206	+331
Ukraine	-3,8% -379	+63,3% +87	-4,0% -15	+1,9% +152	-429
Chile	-1,4% -31	+26,3% +3	-10,4% -6	-3,0% -16	-6
TOTAL	*-0,1%* -225	*+9,0%* +353	*+4,6%* +2.729	*+1,0%* +2.698	-5.298
Last update: 2020-03-07 (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-28: 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: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: FAS-USDA 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 2018 on Jan-Dec 2017
EU-28	+0,9% +1.328	+0,1% +1	-0,7% -145	+0,3% +506	+967
New Zealand	+2,3% +487	+6,9% +10	-2,2% -399	-0,8% -13	+908
USA	+0,9% +926	-8,9% -163	+14,3% +1.397	+1,5% +1.309	-1.944
Belarus	+0,3% +24	-5,3% -4	+6,4% +230	-9,0% -252	+43
Australia	-0,3% -25	-6,3% -83	+0,4% +16	+2,7% +176	-299
Uruguay	+7,2% +143	-2,0% -1	+22,6% +284	0% 0	-142
Argentina	+4,3% +412	-6,1% -3	+26,6% +306	-12,8% -883	+986
Ukraine	-2,1% -217	+41,6% +40	-15,9% -71	-1,9% -159	+54
Chile	+2,8% +61	+1,2% +0	-0,3% -0	+1,5% +8	+54
TOTAL	*+1,0%* +3.140	*-4,9%* -203	*+2,8%* +1.618	*+0,3%* +692	+628
Last update: 2020-03-07 (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-28: 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: EU-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: FAS-USDA 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-Sep 2019 on Jan-Sep 2018
EU-28	-0,6% -7	+51,7% +2	+27,9% +166	-17,0% -125	-46
USA	-1,0% -8	-59,3% -1	-10,9% -61	+10,2% +29	+23
New Zealand	+4,5% +12	+14,4% +0	+12,7% +29	+20,0% +1	-18
Australia	-35,2% -48	+20,1% +2	-15,0% -16	-6,3% -2	-27
TOTAL	*-2,2%* -52	*+19,9%* +3	*+7,9%* +118	*-9,3%* -98	-68
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 2018 on Jan-Dec 2017
EU-28	+0,5% +8	+41,1% +1	+4,7% +37	+13,8% +119	-147
USA	-1,1% -11	-7,6% -0	+17,6% +107	-12,7% -54	-64
New Zealand	+1,7% +7	+35,7% +1	-10,7% -43	0% 0	+50
Australia	+7,4% +14	+59,4% +5	-1,4% -2	+4,3% +2	+19
TOTAL	*+0,5%* +17	*+46,3%* +6	*+5,1%* +99	*+5,0%* +67	-142
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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-Sep 2019 on Jan-Sep 2018
New Zealand	+10,4% +97	+77,5% +1	+14,4% +127	+15,0% +2	-30
EU-28	+1,3% +8	+539,0% +4	-15,0% -40	+11,0% +36	+16
Australia	-47,7% -21	+11,8% +3	-29,8% -14	+5,7% +1	-5
USA	+2,2% +1	+41,7% +3	-25,7% -10	+35,3% +14	+0
TOTAL	*+5,3%* +86	*+33,4%* +11	*+5,1%* +63	*+13,1%* +53	-20
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 2018 on Jan-Dec 2017
New Zealand	+5,1% +70	+1,5% +0	+2,0% +27	-9,1% -2	+45
EU-28	-2,3% -19	+8,8% +0	-15,0% -59	+9,9% +39	+1
Australia	-18,2% -14	+6,0% +2	+6,2% +3	+9,4% +3	-19
USA	+17,4% +10	-60,6% -14	+76,4% +21	0% 0	-25
TOTAL	*+2,0%* +47	*-21,8%* -12	*-0,4%* -7	*+8,0%* +40	+3
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

BUTTER ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Sep 2019 on Jan-Sep 2018
New Zealand	-1,9% -7	+48,2% +0	-3,7% -13	+3,6% +1	+5
EU-28	+3,5% +58	-2,6% -0	+21,3% +26	+1,3% +20	+12
USA	-0,5% -3	+31,3% +12	-34,2% -13	+4,4% +29	-6
Australia	-36,6% -14	-11,0% -3	+24,6% +3	-1,7% -1	-19
TOTAL	*+1,3%* +34	*+11,0%* +9	*+0,7%* +4	*+2,2%* +49	-9
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

BUTTER ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2018 on Jan-Dec 2017
New Zealand	+1,0% +5	-10,8% -0	+5,2% +22	0% 0	-17
EU-28	+1,4% +30	+35,7% +5	-7,6% -13	+1,1% +22	+27
USA	+2,4% +20	+31,8% +14	+51,5% +18	+1,9% +16	+0
Australia	-9,9% -6	+17,5% +6	+1,4% +0	+2,8% +2	-2
TOTAL	*+1,4%* +49	*+26,9%* +25	*+4,1%* +27	*+1,3%* +39	+8
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

CHEESE ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Sep 2019 on Jan-Sep 2018
EU-28	+0,5% +33	+6,0% +3	+4,3% +27	+0,7% +50	-41
USA	+1,1% +48	+6,4% +8	+4,2% +11	+1,3% +57	-12
New Zealand	+12,4% +31	+9,8% +1	+3,9% +9	-5,0% -1	+24
Australia	-1,1% -3	-2,7% -2	-7,6% -10	+3,7% +8	-4
TOTAL	*+0,9%* +109	*+3,7%* +9	*+3,0%* +37	*+1,0%* +113	-32
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 »

CHEESE ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2018 on Jan-Dec 2017
EU-28	+0,8% +76	-0,8% -0	+0,5% +4	+0,7% +59	+12
USA	+3,0% +174	-4,0% -7	+2,4% +8	+3,2% +174	-15
New Zealand	-8,3% -31	+2,2% +0	-6,1% -21	0% 0	-10
Australia	+5,5% +19	-15,2% -18	+0,4% +1	+1,0% +3	-2
TOTAL	*+1,5%* +238	*-6,8%* -25	*-0,4%* -8	*+1,6%* +236	-16
Last update: 2019-12-18 (e) Estimated data Information Note SOURCE Production: EU-28: 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-28: Eurostat; New Zealand: Stat.nz; US: Census Bureau. Domestic Consumption: Data calculated by applying the incidence of FAS-USDA consumption (compared to FAS-USDA productions) to the production data (retrieved from local sources). 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 (2020-03-27)		OCEANIA (2020-03-27)		EU¹ (2020-03-25)		GDT² (2020-03-17)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.505	-13,5%	4.438	+3,8%	3.557	+0,4%	4.390	+2,9%
BUTTER	3.279	-15,2%	4.325	+2,7%	3.795	-1,3%	4.125	+0,7%
SMP	2.315	-2,3%	2.738	-1,8%	2.434	-5,7%	2.495	-8,1%
WMP	4.023	+7,4%	2.800	-5,1%	3.112	-3,3%	2.758	-6,0%
WHEY POWDER	772	0,0%			938	-2,4%
MILK (US$/100Kg)	43,21	-5,3%	34,72	-7,8%	38,06	-2,3%
Change from previous price ¹ Prices refer to Germany. Cheese and Milk European prices refer to Milk Market Observatory. ² Contract 2 GDT n.a.*: not available

Show/Hide Global Snapshot in €

/Ton	US (2020-03-27)		OCEANIA (1585263600)		EU¹ (2020-03-25)		GDT² (2020-03-17)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.192	-14,9%	4.043	+6,3%	3.224	+1,0%	3.935	+2,6%
BUTTER	2.986	-16,6%	3.940	+5,1%	3.500	0,0%	3.697	+0,4%
SMP	2.109	-4,7%	2.494	+0,6%	2.245	-4,5%	2.236	-8,4%
WMP	3.665	+4,7%	2.551	-2,8%	2.870	-2,0%	2.472	-6,3%
WHEY POWDER	703	-2,5%			865	-1,1%
MILK (€/100Kg)	38,93	-5,2%	31,84	-6,1%	34,90	-0,6%
Change from previous price ¹ Prices refer to Germany. Cheese and Milk European 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	23 Mar 2020	-4,9%	-9,2%
▸ farm-gate	EU (13 country)	Feb 2020	-0,5%	-0,1%
▸ farm-gate	USA	Jan 2020	-5,2%	+21,4%
PDO cheeses…
▸ hard	Italy	26 Mar 2020	-1,0%	-15,3%
▸ semi-hard	Italy	23 Mar 2020	+0,5%	+2,5%
▸ fresh	Italy	9 Mar 2020	0,0%	+1,8%
Cheeses	Germany and Oceania	27 Mar 2020	+1,9%	+4,4%
Butter	Italy, Germany and Oceania	27 Mar 2020	+1,3%	-15,5%
SMP (Skimmed Milk Powder)	Germany, Oceania and USA	27 Mar 2020	-4,3%	+16,8%
Whey powder	Germany and USA	27 Mar 2020	-2,8%	-15,5%
Corn	Italy and USA	17 Mar 2020	+1,0%	+1,7%
Soybeans	Italy and USA	17 Mar 2020	+0,5%	+8,5%
Oil	Europe	13 Mar 2020	-32,7%	-48,1%
Retail price
PDO hard cheeses	Italy	Feb 2020	-3,9%	-2,3%
Fresh cheeses	Italy	Feb 2020	-2,0%	+0,6%
Butter	Italy	Feb 2020	-1,3%	-3,5%

Percentage price changes relate to (i) the last quotation period, and to (ii) the same period of the previous year

CLICK HERE for further information.

World Supply and Demand

Global Milk Supply in the Key Exporters of Dairy Products: +2,1% (Jan'20 - Feb'20)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -0,23% (Dec'19 - Jan'20)

BUTTER Stocks
· US Stocks: Feb 29, 2020 137.142 tons (+22,2% on Jan 31, 2020; +24,2% on Feb, 2019)
· EU-28

- Public Stocks: Sep 30, 2019 0 tons (+0,0% on Aug 31, 2019; +0,0% on Sep, 2018)
- Consumption (Production + Import - Export): Jan 31,2020: 167.595 tons (+3,6% on 30; -5,6% on Jan, 2019)

SMP Stocks
· US Stocks: Jan 31, 2020 126.643 tons (+12,8% on Dec 31, 2019; -2,5% on Jan, 2019)
· EU-28
- Public Stocks: Sep 30, 2019 0 tons (+0,0% on Aug 31, 2019; -100,0% on Sep, 2018)
- Consumption (Production + Import - Export): Jan 31,2020 70.442 tons (-4,7% on 31, 2020; +62,4% on Jan, 2019)

CHEESE Stocks
· US Stocks: Feb 29, 2020 616.711 tons (+0,4% on Jan 31, 2020; -0,5% on Feb, 2019)
· EU-28
Consumption (Production + Import - Export): Jan 31,2020 0 tons (-4,7% on 31, 2020; +62,4% on Jan, 2019)
· ITALY

Grana Padano Stocks:
- Marked PDO: Jan 31, 2020 1.715.624 number of wheels (+4,5% on 31 Dec 2019; -1,2% on Jan, 2019)
- Total: Jan 31, 2020 5.455.801 number of wheels (+1,0% on 31 Dec 2019; +4,6% on Jan, 2019)

DRY WHEY Stocks
· US Stock: Jan 31, 2020 30.244 tons (-7,8% rispetto a Dec 31, 2019; -16,1% rispetto a Jan, 2019)

CLALenter

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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.

▸ China Packed Milk Import: +29,9% (Feb '20) **
▸ China Cheese Import: +94,2% (Feb '20) **
▸ China Infant milk formula Import: +23,2% (Feb '20) ** NEW
▸ China Butter Import: +223,6% (Feb '20) **

Show/Hide all ALERT

▸ China SMP Import: +20,5% (Feb '20) **
▸ New Zealand Butter Export: -17,8% (Feb '20) **
▸ New Zealand Bulk and Packed Milk Export: -25,0% (Feb '20) **
▸ China Cream Import: +62,9% (Feb '20) **
▸ New Zealand Cream Export: -20,5% (Feb '20) **
▸ Malaysia SMP Import: -20,9% (Dec '19) **
▸ China WMP Import: +120,1% (Feb '20) **

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.

GlobalDairyTrade results of March 17, 2020

Change in Price Index from Previous Event: -3,9 %
Average Winning Price: 2.980 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	4.331	+1,0 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	4.144	+0,3 %
RENNET CASEIN	9.987	+1,0 %
CHEDDAR	4.398	+2,6 %
LACTOSE	914	+4,9 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.527	-8,1 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	2.797	-4,2 %

Next GlobalDairyTrade Event: April 07, 2020

ITALY: Import/Export as of December 31, 2019

Exports of G.Padano + P.Reggiano:	+2,14 %
Exports of Gorgonzola:	+3,79 %
Exports of Grated cheese:	+8,94 %

Imports of Full-fat bulk milk:	+11,09 %
Imports of Packed semi-skimmed milk:	-12,04 %

Next Update: April 17, 2020

December 2019: Quarterly Macroeconomic Outlook
Macroeconomic Outlook edited by the Research Department of Intesa Sanpaolo Group, Italy

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Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Parmigiano Reggiano Margi 30 mesi sottovuoto da 200 g.

Name:: Parmigiano Reggiano Margi 30 months vacuum packed 200 g.

Company:: Mulino Alimentare S.p.A.
Base:: Parma, Italy
Establishment year:: 1991

Products:: Parmigiano Reggiano, Grana Padano, Pecorino Romano, Mix

The excellence of Parmigiano Reggiano, carefully selected amongst the best of production, with a 30 month minimum aging guarantee.

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Agricultural Market Feed

US: Maize price	In aumento	+2,16%
US: Wheat Price	In aumento	+4,96%
US: Soybeans Price	In aumento	+1,61%

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	47%
Simulated Feed Ration (vs prev month)	-0.04%
Milk:Feed Ratio	1.62

Prices of Fertilizers

I - Modena, Triple superphosphate granular 46%	In calo	405	€/ton	-2,88%
I - Modena, Ammonium nitrate prilled 26%	Stabile	257	€/ton	0.00%
I - Modena, Urea prilled 46%	Stabile	393	€/ton	0.00%