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Market News

World

Malaysia: Palm oil price In aumento +0,39%
Belarus: Milk Production In aumento +7,85%
Russia: Milk Production In aumento +0,88%
Chile: Farm gate milk price In aumento +6,09%
Chile: Milk Delivery In aumento +3,49%
US: Cheese 40# Blocks price In aumento +1,93%

Europe

Germany: Sweet Whey feed quality price In calo -3,03%
Germany: Skim Milk Powder (Adpi - SMP) price In calo -1,64%
DE, Kempten: Emmentaler price In calo -2,50%
DE, Kempten: "Markenbutter" price In calo -1,62%
Netherlands: Skim Milk Powder feed price In calo -0,85%
Netherlands: Skim Milk Powder (Adpi-SMP) price In calo -0,81%

Italy

IT: Parmigiano Regg PDO Production In aumento +1,78%
IT, Verona: foreign Skim Spot Milk price In calo -9,30%
IT, Milan: Spot milk price In aumento +0,95%
IT, Milan: Grana Padano PDO (9 months) price In aumento +0,52%
IT, Milan: Grana Padano RISERVA PDO (20 months) price In aumento +0,45%
IT, Milan: Grana Padano PDO (60-90 day) price In aumento +0,62%
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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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-Mar 2024 on Jan-Mar 2023
EU-27
+430
+53
-283
+46
+720
New Zealand
+9
-3
+830
0
-824
USA
+58
+63
+1
+213
-94
Australia
+103
-27
+162
+31
-117
United Kingdom
+27
-100
+27
-2
-98
Argentina
-369
-6
+115
-153
-338
Uruguay
+14
-5
-14
0
+22
Chile
+7
+53
+21
+4
+35
TOTAL
+278
+26
+859
+139
-693

Last update: 2024-05-23
(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
(2024-06-07)
OCEANIA
(2024-06-07)
EU¹
(2024-06-12)
GDT²
(2024-06-04)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.068 +1,9% 4.325 0,0% 4.223 -0,2% n.a. -
BUTTER 6.818 +0,1% 7.200 +5,3% 7.114 -2,9% 7.495 +7,2%
SMP 2.568 +0,9% 2.700 +1,9% 2.677 -2,0% 2.721 +3,8%
WMP 4.960 0,0% 3.413 +0,7% 4.131 -1,2% 3.531 +3,8%
WHEY POWDER 893 +3,2%     1.057 -1,2%    
MILK (US$/100Kg) 45,19 -1,0% 35,35 -2,0% 49,97 +1,1%    
*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

Show/Hide Global Snapshot in €

/Ton US
(2024-06-07)
OCEANIA
(1717711200)
EU¹
(2024-06-12)
GDT²
(2024-06-04)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.744 +1,5% 3.969 -0,5% 3.895 -0,2% n.a. -
BUTTER 6.275 -0,4% 6.607 +4,7% 6.630 -1,7% 6.913 +7,4%
SMP 2.357 +0,4% 2.478 +1,3% 2.495 -0,8% 2.510 +4,0%
WMP 4.552 -0,4% 3.131 +0,2% 3.850 0,0% 3.257 +4,0%
WHEY POWDER 819 +2,7%     985 0,0%    
MILK (€/100Kg) 42,13 +0,4% 32,95 -0,7% 46,22 +0,3%    
*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 10 Jun 2024 +0,1% +8,1%
      ▸ farm-gate EU (13 country) May 2024 -0,7% +2,5%
      ▸ farm-gate USA Apr 2024 +0,4% +1,7%
  PDO cheeses…
      ▸ hard Italy 10 Jun 2024 +0,4% +7,3%
      ▸ semi-hard Italy 10 Jun 2024 0,0% -1,7%
      ▸ fresh Italy 10 Jun 2024 0,0% -2,8%
Cheeses Germany and Oceania 12 Jun 2024 -0,8% -4,2%
Butter Italy, Germany and Oceania 12 Jun 2024 +1,7% +41,2%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 12 Jun 2024 +0,2% -1,5%
Whey powder Germany and USA 12 Jun 2024 +0,8% +18,0%
  Feed input
      ▸ Corn Italy and USA 11 Jun 2024 -0,2% -13,0%
      ▸ Soybeans Italy and USA 11 Jun 2024 +0,3% +0,4%
      ▸ GMO Soybean Meal Italy 6 Jun 2024 -3,2% -8,6%
Oil Europe 31 May 2024 +0,8% +9,5%
Retail price
PDO hard cheeses Italy Apr 2024 +3,3% +2,4%
Fresh cheeses Italy Apr 2024 -0,4% -2,8%
Butter Italy Apr 2024 +3,6% -4,6%
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: Apr 30, 2024 662.111 tons (+0.4% on Mar 31, 2024; -0.6% on Apr, 2023)
    · EU-27
    Consumption (Production + Import - Export): Mar 31,2024 0 tons (-5,3% on Feb 29, 2024; +26,8% on Mar, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: May 31, 2024 1.806.674 number of wheels (-5,9% on 30 Apr 2024; -2,4% on May, 2023)
    - Total: May 31, 2024 6.119.347 number of wheels (+0,8% on 30 Apr 2024; +1,3% on May, 2023)

  • DRY WHEY Stocks
    · US Stock: Apr 30, 2024 32.928 tons (-10.7% rispetto a Mar 31, 2024; -8.2% rispetto a Apr, 2023)

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* Compared to the same period of the previous year

** 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

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

CLAL focus on: Grana Padano Gira & Gratta

Name:
Grana Padano Gira & Gratta
Company:
PARMAREGGIO SPA – Agriform Brand
Base:
Sommacampagna (VR), Italy
Products:
Grana Padano, Parmigiano Reggiano, Asiago Fresco, Asiago Stagionato, Piave, Montasio, Monte Veronese, Gorgonzola, Provolone, Pecorino Romano, Grated Mix, Mascarpone

An innovative product that combines the fragrance of Grana Padano with a practical and hygienic rotating grater. The grater contains Grana Padano PDO packaged in a protective atmosphere.

Easy to use: grate only the amount you want when you need and then put it back in the fridge without having to clean it.

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

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