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.

August 31, 2018

A new Flash Bulletin will be available soon...

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Related Charts

Market News

World

US: Cheese 40# Blocks price	In aumento	+4,31%
US: Butter, Grade AA price	In aumento	+1,41%
South America: Whole Milk Powder (WMP) price	In calo	-1,15%
Oceania: Whole Milk Powder (WMP) price	In calo	-0,61%
Oceania: Cheddar price	In aumento	+1,01%
Oceania: Skim Milk Powder (SMP) price	In aumento	+2,56%

Europe

Western Europe: Butter price (82%)	In aumento
Western Europe: Whey Powder Sweet price	In aumento	+4,00%
Western Europe: WMP price	In aumento	+4,28%
Western Europe: SMP price	In calo	-4,27%
Poland: Butter price (82%)	In aumento	+1,08%
Hungary: Farm gate milk price	In calo	-7,41%

Italy

IT, Lombardy: Farm gate milk price	In aumento	+1,69%
IT, Parma: Parmig. Regg. PDO (30 months) price	In aumento	+0,65%
IT, Parma: Parmig.Regg. (24 months) price	In aumento	+0,67%
IT, Parma: Parmig. PDO Regg. (18 months) price	In aumento	+0,69%
IT, Parma: Parmig. Regg. PDO (15 months) price	In aumento	+0,75%
IT, Parma: Parmig.Regg. (12 months) price	In aumento	+0,39%

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AGRICULTURAL MARKET News
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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 2025 (Forecast made in December)
Country	Cow Milk Production		Other Milk Production		Fluid Domestic Consumption		Factory Use
World	558.48	+0.8%	121.82	+2.3%	197.55	+0.8%	478.04	+1.1%
India	103.20	+2.2%	113.30	+2.3%	91.00	+2.2%	125.48	+2.3%
Share %	18.5%		93.0%		46.1%		26.2%
EU-27	145.30	-0.2%	4.08	0.0%	23.55	-0.2%	125.48	-0.2%
Share %	26.0%		3.3%		11.9%		26.2%
United States	103.43	+0.8%	0.00	0.0%	20.20	-1.0%	82.62	+1.2%
Share %	18.5%		0.0%		10.2%		17.3%
China	43.30	+0.7%	0.97	+2.1%	17.10	+0.6%	27.82	+0.7%
Share %	7.8%		0.8%		8.7%		5.8%
Russia	32.60	+0.3%	0.00	0.0%	6.60	-1.5%	24.33	+0.8%
Share %	5.8%		0.0%		3.3%		5.1%
Source: USDA, Latest update: 2024-12-21

Milk - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
China	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

Milk - Balance sheet in Mio Tons \| Year 2024
World	554.24	+0.6%	119.05	+2.2%	195.93	+0.8%	472.63	+0.9%
India	101.00	+2.0%	110.70	+2.4%	89.00	+2.2%	122.68	+2.2%
Share %	18.3%	92.9%	45.4%	26.1%
EU-27	145.55	+0.2%	4.08	-0.2%	23.60	-0.4%	125.69	+0.4%
Share %	26.4%	3.4%	12.1%	26.7%
United States	102.66	0.0%	0.00	0.0%	20.40	-1.2%	81.65	+0.3%
Share %	18.6%	0.0%	10.4%	17.4%
China	43.00	+2.5%	0.95	-3.1%	17.00	+3.0%	27.63	+1.4%
Share %	7.8%	0.8%	8.7%	5.9%
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: 2024-12-21

Butter - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	0.26	-5.1%	12.28	+2.6%	0.63	+0.6%	1.02	-0.4%	11.89	+2.7%	0.26	-1.2%
India	0.00	0.0%	7.16	+2.9%	0.00	0.0%	0.05	-18.2%	7.11	+3.1%	0.00	0.0%
Share %	0.0%	58.3%	0.0%	4.9%	59.8%	0.0%
EU-27	0.00	0.0%	2.06	-1.4%	0.05	+12.5%	0.28	+1.8%	1.83	-1.6%	0.00	0.0%
Share %	0.0%	16.8%	7.9%	27.5%	15.4%	0.0%
United States	0.11	+15.4%	1.10	+9.0%	0.11	-5.3%	0.05	0.0%	1.16	+8.9%	0.11	+3.8%
Share %	42.3%	9.0%	17.5%	4.9%	9.8%	42.3%
New Zealand	0.04	+10.5%	0.51	+2.0%	0.00	-100.0%	0.48	+2.2%	0.03	0.0%	0.05	+7.1%
Share %	15.4%	4.2%	0.0%	47.1%	0.3%	19.2%
Russia	0.02	-15.0%	0.29	+1.8%	0.13	0.0%	0.00	0.0%	0.42	+1.2%	0.01	-17.6%
Share %	7.7%	2.4%	20.6%	0.0%	3.5%	3.8%
Source: USDA, Latest update: 2024-12-21

Butter - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
New Zealand	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

Butter - Balance sheet in Mio Tons \| Year 2024
World	0.27	-15.8%	11.97	+2.0%	0.63	+2.4%	1.03	-2.0%	11.58	+2.1%	0.26	-5.1%
India	0.00	0.0%	6.95	+3.0%	0.00	0.0%	0.06	+129.2%	6.90	+2.5%	0.00	0.0%
Share %	0.0%	57.9%	0.0%	5.8%	59.4%	0.0%
EU-27	0.00	0.0%	2.09	-1.4%	0.04	-32.2%	0.28	-4.5%	1.86	-1.9%	0.00	0.0%
Share %	0.0%	17.4%	6.3%	27.2%	16.0%	0.0%
United States	0.09	-7.1%	1.01	+5.5%	0.11	+39.0%	0.05	+21.6%	1.07	+5.5%	0.11	+15.4%
Share %	32.8%	8.4%	17.4%	4.9%	9.2%	43.1%
New Zealand	0.04	-49.3%	0.50	-2.0%	0.00	0.0%	0.47	-9.9%	0.03	0.0%	0.04	+10.5%
Share %	14.6%	4.2%	0.0%	45.6%	0.3%	15.7%
Russia	0.02	+11.1%	0.29	+1.8%	0.13	0.0%	0.00	0.0%	0.41	+2.5%	0.02	-15.0%
Share %	7.3%	2.4%	20.6%	0.0%	3.5%	7.8%
Source: USDA, Latest update: 2024-12-21

Cheese - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	1.01	-7.2%	22.79	+1.2%	2.34	+2.4%	3.18	+1.6%	22.00	+1.1%	0.97	-4.6%
EU-27	0.00	0.0%	10.75	+0.5%	0.20	+8.1%	1.39	+0.4%	9.56	+0.6%	0.00	0.0%
Share %	0.0%	47.2%	8.5%	43.7%	43.5%	0.0%
United States	0.62	-6.0%	6.60	+1.6%	0.16	+2.6%	0.52	+1.8%	6.26	+1.3%	0.60	-3.3%
Share %	61.4%	29.0%	6.8%	16.4%	28.5%	61.9%
Russia	0.04	0.0%	1.13	+0.9%	0.38	0.0%	0.05	0.0%	1.45	+0.7%	0.04	0.0%
Share %	4.0%	5.0%	16.2%	1.6%	6.6%	4.1%
Brazil	0.00	0.0%	0.79	+1.9%	0.07	0.0%	0.00	0.0%	0.85	+1.8%	0.00	0.0%
Share %	0.0%	3.5%	3.0%	0.0%	3.9%	0.0%
Canada	0.08	-2.3%	0.54	+0.9%	0.07	+8.3%	0.01	-9.1%	0.59	+1.5%	0.08	0.0%
Share %	7.9%	2.4%	3.0%	0.3%	2.7%	8.2%
Source: USDA, Latest update: 2024-12-21

Cheese - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
Russia	-	-	-	-	-
Brazil	-	-	-	-	-
Canada	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

Cheese - Balance sheet in Mio Tons \| Year 2024
World	1.09	+4.0%	22.52	+1.0%	2.29	+2.1%	3.13	+5.0%	21.76	+1.1%	1.01	-7.2%
EU-27	0.00	0.0%	10.70	+1.9%	0.19	+6.3%	1.39	0.0%	9.50	+2.3%	0.00	0.0%
Share %	0.0%	47.9%	8.4%	44.5%	44.0%	0.0%
United States	0.65	-0.3%	6.50	+0.8%	0.15	+7.1%	0.51	+17.0%	6.18	+0.4%	0.62	-6.0%
Share %	59.5%	29.1%	6.7%	16.3%	28.6%	62.8%
Russia	0.04	0.0%	1.12	+1.4%	0.38	0.0%	0.05	+11.1%	1.44	+0.7%	0.04	0.0%
Share %	3.7%	5.0%	16.9%	1.6%	6.7%	4.1%
Brazil	0.00	0.0%	0.78	+0.6%	0.07	+51.2%	0.00	0.0%	0.84	+3.3%	0.00	0.0%
Share %	0.0%	3.5%	3.1%	0.0%	3.9%	0.0%
Canada	0.09	+1.2%	0.53	+1.5%	0.06	+7.1%	0.01	+22.2%	0.58	+2.3%	0.08	-2.3%
Share %	8.2%	2.4%	2.7%	0.3%	2.7%	8.1%
Source: USDA, Latest update: 2024-12-21

SMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	0.38	-0.3%	4.75	+0.9%	1.28	-0.7%	2.31	-1.2%	3.70	+1.0%	0.40	+6.7%
EU-27	0.00	0.0%	1.39	-2.8%	0.04	0.0%	0.71	0.0%	0.72	-5.3%	0.00	0.0%
Share %	0.0%	29.3%	3.1%	30.7%	19.5%	0.0%
United States	0.11	+17.2%	1.05	+3.3%	0.00	0.0%	0.76	-1.0%	0.29	+23.0%	0.11	+2.8%
Share %	28.9%	22.1%	0.0%	32.9%	7.8%	27.5%
India	0.02	+20.0%	0.77	+2.0%	0.00	0.0%	0.01	-16.7%	0.76	+1.3%	0.03	+41.7%
Share %	5.3%	16.2%	0.0%	0.4%	20.5%	7.5%
New Zealand	0.03	-60.0%	0.44	+3.5%	0.00	0.0%	0.43	-5.6%	0.02	0.0%	0.03	+3.8%
Share %	7.9%	9.3%	0.0%	18.6%	0.5%	7.5%
Australia	0.01	-15.4%	0.17	-2.9%	0.02	+36.4%	0.16	-3.0%	0.02	0.0%	0.01	+18.2%
Share %	2.6%	3.6%	1.6%	6.9%	0.5%	2.5%
Source: USDA, Latest update: 2024-12-21

SMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
India	-	-	-	-	-
New Zealand	-	-	-	-	-
Australia	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

SMP - Balance sheet in Mio Tons \| Year 2024
World	0.38	-27.3%	4.71	-0.8%	1.29	-6.2%	2.34	-4.1%	3.66	-4.2%	0.38	-0.3%
EU-27	0.00	0.0%	1.43	-0.4%	0.04	+11.1%	0.71	-8.4%	0.76	+9.0%	0.00	0.0%
Share %	0.0%	30.5%	3.1%	30.4%	20.7%	0.0%
United States	0.09	-22.5%	1.02	-13.0%	0.00	0.0%	0.77	-5.4%	0.24	-39.1%	0.11	+17.2%
Share %	23.8%	21.7%	0.0%	33.0%	6.6%	30.6%
India	0.02	-33.3%	0.76	+3.4%	0.00	0.0%	0.01	+500.0%	0.75	+0.8%	0.02	+20.0%
Share %	5.3%	16.2%	0.0%	0.4%	20.5%	5.6%
New Zealand	0.07	-52.9%	0.43	+9.0%	0.00	-66.7%	0.45	-0.2%	0.02	0.0%	0.03	-60.0%
Share %	18.5%	9.2%	0.0%	19.3%	0.5%	8.4%
Australia	0.01	-23.5%	0.18	+20.7%	0.01	-21.4%	0.17	+24.1%	0.02	-23.3%	0.01	-15.4%
Share %	2.6%	3.8%	0.8%	7.3%	0.5%	2.8%
Source: USDA, Latest update: 2024-12-21

WMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
World	0.50	-4.2%	4.54	+0.7%	1.00	+1.1%	1.94	+2.2%	3.65	+0.9%	0.44	-11.5%
New Zealand	0.21	-3.2%	1.42	0.0%	0.00	0.0%	1.45	+2.8%	0.02	0.0%	0.17	-22.1%
Share %	42.0%	31.3%	0.0%	74.7%	0.5%	38.6%
China	0.19	+8.6%	1.27	+2.4%	0.36	-5.3%	0.02	+13.3%	1.61	+1.3%	0.19	+1.6%
Share %	38.0%	28.0%	36.0%	1.0%	44.1%	43.2%
Brazil	0.00	0.0%	0.60	+0.8%	0.15	+2.0%	0.00	-25.0%	0.74	+1.2%	0.00	0.0%
Share %	0.0%	13.2%	15.0%	0.0%	20.3%	0.0%
EU-27	0.00	0.0%	0.58	-4.9%	0.02	+25.0%	0.20	-4.8%	0.40	-3.8%	0.00	0.0%
Share %	0.0%	12.8%	2.0%	10.3%	11.0%	0.0%
Argentina	0.04	-20.0%	0.20	+11.1%	0.00	0.0%	0.15	+16.0%	0.07	+7.7%	0.03	-37.5%
Share %	8.0%	4.4%	0.0%	7.7%	1.9%	6.8%
Source: USDA, Latest update: 2024-12-21

WMP - Balance sheet in Mio Tons \| Year 2025 (Forecast made in June)
World	-	-	-	-	-
New Zealand	-	-	-	-	-
China	-	-	-	-	-
Brazil	-	-	-	-	-
EU-27	-	-	-	-	-
Argentina	-	-	-	-	-
Source: USDA, Latest update: 2024-12-21

WMP - Balance sheet in Mio Tons \| Year 2024
World	0.52	+8.8%	4.51	+1.4%	0.99	-8.3%	1.90	+1.9%	3.62	+0.1%	0.50	-4.2%
New Zealand	0.22	+8.4%	1.42	+1.4%	0.00	0.0%	1.41	+3.2%	0.02	0.0%	0.21	-3.2%
Share %	42.5%	31.8%	0.0%	71.9%	0.5%	55.7%
China	0.18	+16.7%	1.24	+3.3%	0.38	-11.6%	0.02	+36.4%	1.59	-0.3%	0.19	+8.6%
Share %	34.7%	27.7%	36.6%	1.0%	43.1%	50.4%
Brazil	0.00	0.0%	0.59	+4.2%	0.15	-10.9%	0.00	+∞	0.73	+0.3%	0.00	0.0%
Share %	0.0%	13.2%	14.4%	0.0%	19.8%	0.0%
EU-27	0.00	0.0%	0.61	-4.7%	0.02	-11.1%	0.21	-19.2%	0.42	+4.5%	0.00	0.0%
Share %	0.0%	13.6%	1.9%	10.7%	11.4%	0.0%
Argentina	0.05	+8.7%	0.18	-5.3%	0.00	0.0%	0.13	+12.6%	0.07	-13.3%	0.04	-20.0%
Share %	9.7%	4.0%	0.0%	6.6%	1.9%	10.6%
Source: USDA, Latest update: 2024-12-21

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 2024 on Jan-Dec 2023
EU-27	+0,7% +958	+5,8% +166	-4,4% -1.062	-0,2% -291	+2.477
New Zealand	+1,3% +284	-22,6% -39	+0,1% +28	0% 0	+217
USA	-0,2% -201	+13,3% +253	-0,1% -16	+1,4% +1.310	-1.242
Australia	+2,4% +202	-10,2% -150	+26,1% +812	+2,8% +199	-959
United Kingdom	+0,1% +18	+3,5% +162	-4,7% -157	-0,6% -109	+446
Argentina	-6,5% -758	-53,8% -16	+17,0% +251	-11,8% -744	-281
Uruguay	-3,3% -71	-5,9% -3	+2,6% +40	0% 0	-114
Chile	+3,4% +75	-3,0% -22	+49,8% +96	+1,8% +8	-50
TOTAL	*+0,2%* +506	*+3,0%* +352	*0,0%* -8	*+0,1%* +374	+493
Last update: 2025-02-19 (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 »

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	+0,0% +71	-3,6% -105	+6,1% +1.401	+0,0% +60	-1.496
New Zealand	+0,9% +196	+26,2% +36	+9,0% +1.573	+0,5% +8	-1.350
USA	0,0% -48	+1,7% +32	-4,2% -558	+2,1% +1.919	-1.376
Australia	+0,2% +17	+11,1% +146	-17,2% -644	+5,5% +373	+435
United Kingdom	+0,0% +5	+3,1% +137	+9,5% +291	+1,0% +164	-312
Argentina	-2,0% -239	-35,9% -16	-12,8% -217	+0,6% +38	-76
Uruguay	+1,2% +26	+14,2% +6	+2,4% +36	0% 0	-4
Chile	-2,2% -50	+13,4% +85	-23,5% -59	+9,8% +39	+55
TOTAL	*0,0%* -23	*+2,8%* +322	*+2,8%* +1.822	*+1,0%* +2.601	-4.125
Last update: 2025-02-19 (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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Jun 2024 on Jan-Jun 2023
EU-27	-0,5% -3	+34,3% +6	-8,7% -37	-0,8% -3	+42
USA	-15,8% -102	-42,0% -0	-11,2% -48	-26,8% -52	-3
New Zealand	+0,7% +2	-71,0% -1	-4,2% -11	0% 0	+12
Australia	+21,7% +11	+1,5% +0	+36,1% +22	-16,7% -3	-9
TOTAL	*-5,7%* -93	*+21,7%* +5	*-6,2%* -73	*-10,7%* -57	+42
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, data estimated by CLAL; United Kingdom: DEFRA; 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 2023 on Jan-Dec 2022
EU-27	-5,3% -69	-2,3% -1	+9,7% +68	-13,9% -101	-37
USA	-1,9% -23	+31,5% +0	-3,3% -27	+8,8% +31	-26
New Zealand	+0,1% +0	+16,4% +0	+26,3% +94	0% 0	-93
Australia	+4,5% +6	-9,8% -1	-13,3% -20	+7,1% +2	+23
TOTAL	*-2,8%* -85	*-3,0%* -2	*+5,6%* +114	*-6,0%* -68	-133
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, data estimated by CLAL; United Kingdom: DEFRA; 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-Jun 2024 on Jan-Jun 2023
New Zealand	+3,5% +26	+29,1% +0	+5,4% +39	0% 0	-13
EU-27	-0,1% -0	-1,1% -0	-20,3% -29	+3,0% +7	+22
Australia	-24,6% -4	-23,3% -6	+26,0% +5	+5,3% +1	-16
USA	+2,6% +1	+7,7% +1	+2,3% +0	+2,8% +1	+0
TOTAL	*+1,9%* +22	*-12,5%* -5	*+1,7%* +15	*+3,1%* +8	-6
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, BLE, data estimated by CLAL; United Kingdom: DEFRA; 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 2023 on Jan-Dec 2022
New Zealand	+0,0% +0	-24,0% -0	+2,9% +38	0% 0	-38
EU-27	-1,9% -14	-8,6% -2	+11,3% +27	-7,5% -35	-7
Australia	-19,6% -7	+17,4% +7	-34,3% -20	+8,6% +3	+17
USA	-19,0% -12	-8,8% -1	-33,6% -13	-10,0% -4	+4
TOTAL	*-1,5%* -33	*+4,8%* +4	*+1,9%* +32	*-6,4%* -36	-25
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, BLE, data estimated by CLAL; United Kingdom: DEFRA; 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-Jun 2024 on Jan-Jun 2023
New Zealand	-10,0% -27	-55,3% -0	-12,5% -32	0% 0	+4
EU-27	-2,1% -23	-49,6% -17	-6,9% -10	-2,7% -26	-4
United Kingdom	-7,9% -0	+10,5% +3	-29,5% -9	+1,9% +2	+10
USA	+4,4% +23	+28,3% +11	-4,6% -1	+7,1% +36	-1
Australia	+7,3% +1	-24,1% -7	+129,0% +6	+3,2% +1	-13
TOTAL	*-1,4%* -26	*-7,3%* -10	*-10,1%* -46	*+0,8%* +14	-3
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat; United Kingdom: DEFRA; 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 2023 on Jan-Dec 2022
New Zealand	+2,2% +11	-45,8% -1	+4,6% +21	0% 0	-11
EU-27	+1,8% +37	-22,2% -15	+13,4% +34	-0,6% -11	-1
United Kingdom	-3,6% -0	+9,7% +5	+11,4% +6	+1,0% +2	-2
USA	+2,7% +26	+10,8% +8	-47,9% -33	+8,0% +75	-9
Australia	-3,9% -1	+20,1% +8	-45,7% -8	+5,0% +3	+11
TOTAL	*+2,0%* +72	*+2,1%* +5	*+2,3%* +19	*+2,2%* +69	-11
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat; United Kingdom: DEFRA; 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-Jun 2024 on Jan-Jun 2023
EU-27	+3,3% +161	+10,1% +9	-0,5% -4	+1,0% +42	+131
USA	+0,2% +5	+14,6% +13	+25,0% +53	+0,1% +4	-39
New Zealand	-15,6% -33	-34,6% -2	-10,0% -20	0% 0	-15
United Kingdom	-2,2% -0	+0,7% +2	+18,3% +16	-2,5% -10	-5
Australia	-7,4% -13	-12,7% -7	+34,4% +21	+4,1% +8	-50
TOTAL	*+1,4%* +120	*+2,8%* +13	*+5,3%* +66	*+0,5%* +44	+23
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, CSO, data estimated by CLAL; United Kingdom: DEFRA; 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 2023 on Jan-Dec 2022
EU-27	+1,7% +159	-7,2% -14	+4,4% +58	+1,1% +89	-2
USA	+0,9% +57	+2,3% +4	-4,0% -18	+1,3% +77	+3
New Zealand	+5,9% +22	+36,4% +4	+9,8% +34	+2,6% +1	-9
United Kingdom	+0,0% +0	+5,4% +22	+1,8% +3	+3,2% +24	-5
Australia	-2,5% -10	+13,2% +13	-11,1% -16	+10,6% +35	-16
TOTAL	*+1,4%* +229	*+3,3%* +29	*+2,5%* +61	*+1,4%* +226	-29
Last update: 2024-12-16 (e) Estimated data Information Note SOURCE Production: EU-27: Eurostat, CSO, data estimated by CLAL; United Kingdom: DEFRA; 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 (2025-03-14)		OCEANIA (2025-03-14)		EU¹ (2025-03-12)		GDT² (2025-03-04)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.731	+4,3%	4.950	+1,0%	5.110	+4,9%	4.927	+0,9%
BUTTER	5.164	+1,4%	7.550	+2,2%	8.129	+5,5%	7.555	+2,3%
SMP	2.601	-2,1%	2.950	+2,2%	2.706	+2,9%	2.731	-0,1%
WMP	4.553	-0,7%	4.038	-1,5%	4.818	+3,4%	4.007	-3,4%
WHEY POWDER	1.080	-3,9%			1.244	+3,4%
MILK (US$/100Kg)	53,13	+3,4%	42,78	-2,1%	55,95	+1,0%
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 (2025-03-14)		OCEANIA (1741906800)		EU¹ (2025-03-12)		GDT² (2025-03-04)
Product	Value	% Chg*	Value	% Chg*	Value	% Chg*	Value	% Chg*
CHEESE	3.445	+4,0%	4.546	-3,4%	4.707	+0,6%	4.708	+1,0%
BUTTER	4.769	+1,1%	6.934	-2,3%	7.450	+2,1%	7.219	+2,4%
SMP	2.389	-2,4%	2.709	-2,3%	2.480	-0,4%	2.610	0,0%
WMP	4.181	-1,0%	3.708	-5,8%	4.415	0,0%	3.829	-3,3%
WHEY POWDER	992	-4,2%			1.140	0,0%
MILK (€/100Kg)	51,32	+4,7%	41,32	-1,0%	53,73	+0,4%
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	10 Mar 2025	0,0%	+23,5%
	▸ farm-gate	EU (13 country)	Feb 2025	-1,9%	+16,0%
	▸ farm-gate	USA	Jan 2025	+4,7%	+26,3%
	PDO cheeses…
	▸ hard	Italy	13 Mar 2025	+0,5%	+21,9%
	▸ semi-hard	Italy	10 Mar 2025	+0,3%	+7,6%
	▸ fresh	Italy	10 Mar 2025	0,0%	+8,9%
	Cheeses	Germany and Oceania	14 Mar 2025	-0,9%	+9,4%
	Butter	Italy, Germany and Oceania	14 Mar 2025	+0,4%	+21,3%
	SMP (Skimmed Milk Powder)	Germany, Oceania and USA	14 Mar 2025	-1,5%	+4,0%
	Whey powder	Germany and USA	14 Mar 2025	-2,3%	+19,1%
	Feed input
	▸ Corn	Italy and USA	13 Mar 2025	-1,2%	+17,3%
	▸ Soybeans	Italy and USA	13 Mar 2025	-1,0%	-6,9%
	▸ GMO Soybean Meal	Italy	13 Mar 2025	0,0%	-27,1%
	Oil	Europe	7 Mar 2025	-3,1%	-16,0%
Retail price
	PDO hard cheeses	Italy	Jan 2025	+5,4%	+11,4%
	Fresh cheeses	Italy	Jan 2025	+1,0%	+1,2%
	Butter	Italy	Jan 2025	+1,0%	+13,5%

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: +1,1% (Jan 2025)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -0,67% (Nov'24 - Dec'24)

BUTTER Stocks
· US Stocks: Jan 31, 2025 122.600 tons (+26.1% on Dec 31, 2024; +9.2% on Jan, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024: 153.947 tons (+11,4% on Nov 30, 2024; +3,0% on Dec, 2023)

SMP Stocks
· US Stocks: Jan 31, 2025 135.752 tons (+16.9% on Dec 31, 2024; +41.0% on Jan, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024 56.776 tons (+34,9% on Nov 30, 2024; +22,2% on Dec, 2023)

CHEESE Stocks
· US Stocks: Jan 31, 2025 623.280 tons (+1.5% on Dec 31, 2024; -5.7% on Jan, 2024)
· EU-27
Consumption (Production + Import - Export): Dec 31,2024 0 tons (+34,9% on Nov 30, 2024; +22,2% on Dec, 2023)
· ITALY

Grana Padano Stocks:
- Marked PDO: Feb 28, 2025 2.027.898 number of wheels (+7,3% on 31 Jan 2025; +3,9% on Feb, 2024)
- Total: Feb 28, 2025 6.060.500 number of wheels (+1,8% on 31 Jan 2025; +3,4% on Feb, 2024)

DRY WHEY Stocks
· US Stock: Jan 31, 2025 27.590 tons (+1.1% rispetto a Dec 31, 2024; -9.9% rispetto a Jan, 2024)

CLALenter

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:

export share of production of Grana Padana, Parmigiano Reggiano and Gorgonzola cheeses,
Cheese, Butter, Powder and Packed Milk import and export flows of the main dairy players.

Export share of production:
▸ Grana Padano + Parmigiano Reggiano +2,9 % points (Jan-Dec '24) *
▸ Gorgonzola +1,1 % points (Jan-Dec '24) *

▸ Philippines SMP Import: -37,2% (Dec '24) **

Access the Dairy World Trade section » to analyse more in depth

* 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

CLAL.it provides the Operators with a range of updated information.

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CBAM and Fertilizers: focus on EU-27
There are more and more measures implemented within the European Union aiming at reducing the environmental impact of production. However,... read
CHINA: the effect of the economic trends on the agrifood sector
By: Marika De Vincenzi, Elisa Donegatti, Mirco De Vincenzi, Ester Venturelli The slowdown of the Chinese economy has reached such a level ... read
India and its agrifood markets | new CLAL analysis
India, with an agricultural area that barely surpasses that of EU-27, faced the challenge of feeding over one billion four hundred thousand ... read

ITALY: Import/Export as of December 31, 2024

Exports of G.Padano + P.Reggiano:	+8,68 %
Exports of Gorgonzola:	+4,77 %
Exports of Grated cheese:	+10,66 %

Imports of Full-fat bulk milk:	+5,59 %
Imports of Packed semi-skimmed milk:	-8,00 %

Next Update: April 18, 2025

GlobalDairyTrade results of March 04, 2025

Change in Price Index from Previous Event: -0,5 %
Average Winning Price: 4.209 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	6.681	-0,3 %
BMP (Butter Milk Powder)	3.013	-1,8 %
BUTTER 82%	7.577	+2,7 %
RENNET CASEIN	n.a.	-
CHEDDAR	4.915	+1,1 %
LACTOSE	1.158	+14,0 %
MOZZARELLA	4.477	+7,9 %
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.744	+0,6 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	4.061	-2,2 %

Next GlobalDairyTrade Event: March 18, 2025

a new project: Sistema Stalla

Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Belsagio Mezzano

Name:: Belsagio Mezzano

Company:: Sachsenmilch Leppersdorf GmbH
Base:: Leppersdorf (Germany)
Establishment year:: 1991

Products:: Naturally-matured cheese, cheese blocks and cubes, cheese slices and portions

Belsagio is a cheese which is matured ca. 12 weeks on spruce wood boards and has an intensive and irresistible taste.

Belsagio is a new cheese which was arisen from the cheese tradition, passion and experience of our cheese masters. They have produced a cheese with an incomparable taste which is close to the Italian cheese flavour. Belsagio is a new proposal for your counter to offer a unique taste through a high quality cheese.

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Butter - Balance sheet in Mio Tons \| Year 2025 (Forecast made in December)
Country	Beginning Stocks		Production		Import		Export		Consumption		Ending Stocks
World	0.26	-5.1%	12.28	+2.6%	0.63	+0.6%	1.02	-0.4%	11.89	+2.7%	0.26	-1.2%
India	0.00	0.0%	7.16	+2.9%	0.00	0.0%	0.05	-18.2%	7.11	+3.1%	0.00	0.0%
Share %	0.0%		58.3%		0.0%		4.9%		59.8%		0.0%
EU-27	0.00	0.0%	2.06	-1.4%	0.05	+12.5%	0.28	+1.8%	1.83	-1.6%	0.00	0.0%
Share %	0.0%		16.8%		7.9%		27.5%		15.4%		0.0%
United States	0.11	+15.4%	1.10	+9.0%	0.11	-5.3%	0.05	0.0%	1.16	+8.9%	0.11	+3.8%
Share %	42.3%		9.0%		17.5%		4.9%		9.8%		42.3%
New Zealand	0.04	+10.5%	0.51	+2.0%	0.00	-100.0%	0.48	+2.2%	0.03	0.0%	0.05	+7.1%
Share %	15.4%		4.2%		0.0%		47.1%		0.3%		19.2%
Russia	0.02	-15.0%	0.29	+1.8%	0.13	0.0%	0.00	0.0%	0.42	+1.2%	0.01	-17.6%
Share %	7.7%		2.4%		20.6%		0.0%		3.5%		3.8%
Source: USDA, Latest update: 2024-12-21

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