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Market News

World

US: Cow's milk production In calo -0,36%
New Zealand: Milk Production In calo -4,13%
US: Cheese 40# Blocks price In calo -1,89%
US: Butter, Grade AA price In aumento +2,68%
US: Acid Casein price In aumento +2,56%
US: Rennet Casein price In calo -1,33%

Europe

France: Butter price (82%) In aumento +1,54%
France: Whey Powder price In aumento +5,30%
France: SMP price (Poudre 0%) In calo -0,04%
Estonia: Farm gate milk price In aumento +0,49%
Austria: Farm gate milk price In aumento +1,52%
Slovak Republic: Farm-gate raw milk price In calo -3,48%

Italy

IT,Reggio Emilia: Parmig. Regg. (24 months) price In calo -0,41%
IT, Verona: foreign Skim Spot Milk price In aumento +13,89%
IT, Verona: foreign Whole Spot Milk price In aumento +4,49%
IT, Verona: Spot milk price In aumento +6,25%
IT, Milan: Spot milk price In aumento +6,32%
IT, Milan: Spot Milk price from Germany In aumento +4,49%
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-Feb 2024 on Jan-Feb 2023
New Zealand
+72
+1
+689
0
-615
EU-27
+335
+35
+11
+31
+328
USA
+117
+42
+77
+142
-61
Australia
+87
+5
+92
+21
-21
United Kingdom
+30
-110
+53
-1
-131
Argentina
-248
-4
+105
-102
-254
Uruguay
+14
-4
+21
0
-11
Chile
+10
+44
+19
+3
+32
TOTAL
+417
+9
+1.067
+93
-734

Last update: 2024-04-20
(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
(2024-05-17)
OCEANIA
(2024-05-10)
EU¹
(2024-05-15)
GDT²
(2024-05-21)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.283 -1,9% 4.300 +2,7% 4.225 +0,3% 4.340 +2,0%
BUTTER 6.768 +2,7% 6.875 +4,0% 6.440 +1,2% 6.993 +4,5%
SMP 2.491 +0,9% 2.550 -1,0% 2.569 +0,9% 2.621 +3,9%
WMP 4.850 +0,5% 3.363 +3,5% 3.995 +1,1% 3.403 +2,2%
WHEY POWDER 849 0,0%     1.047 +0,3%    
MILK (US$/100Kg) 45,64 +0,5% 36,06 -0,7% 49,68 -1,5%    
*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
(2024-05-17)
OCEANIA
(1715292000)
EU¹
(2024-05-15)
GDT²
(2024-05-21)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 3.941 -3,1% 3.989 +2,1% 3.920 -0,1% 3.996 +1,2%
BUTTER 6.229 +1,4% 6.378 +3,3% 5.965 +0,9% 6.439 +3,7%
SMP 2.297 +0,3% 2.366 -1,6% 2.380 +0,6% 2.413 +3,1%
WMP 4.473 -0,1% 3.119 +2,8% 3.700 +0,8% 3.133 +1,4%
WHEY POWDER 783 -0,6%     970 0,0%    
MILK (€/100Kg) 41,97 -0,2% 33,17 -1,4% 46,31 -0,2%    
*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 20 May 2024 +5,4% +15,0%
      ▸ farm-gate EU (13 country) Apr 2024 -0,2% -6,9%
      ▸ farm-gate USA Mar 2024 -0,2% -2,9%
  PDO cheeses…
      ▸ hard Italy 20 May 2024 0,0% +4,9%
      ▸ semi-hard Italy 20 May 2024 0,0% -2,3%
      ▸ fresh Italy 20 May 2024 0,0% -2,8%
Cheeses Germany and Oceania 15 May 2024 +0,5% -0,2%
Butter Italy, Germany and Oceania 20 May 2024 +2,1% +34,0%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 17 May 2024 -0,2% -4,8%
Whey powder Germany and USA 17 May 2024 -0,3% +9,0%
  Feed input
      ▸ Corn Italy and USA 16 May 2024 +1,4% -17,9%
      ▸ Soybeans Italy and USA 16 May 2024 +0,1% -3,0%
      ▸ GMO Soybean Meal Italy 16 May 2024 -3,0% -7,5%
Oil Europe 10 May 2024 -3,2% +9,0%
Retail price
PDO hard cheeses Italy Mar 2024 -0,5% -0,5%
Fresh cheeses Italy Mar 2024 +0,0% -2,1%
Butter Italy Mar 2024 -1,5% -8,4%
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: Mar 31, 2024 661.900 tons (+0.1% on Feb 29, 2024; -0.1% on Mar, 2023)
    · EU-27
    Consumption (Production + Import - Export): Feb 29,2024 0 tons (-14,6% on Jan 31, 2024; +23,5% on Feb, 2023)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Apr 30, 2024 1.919.774 number of wheels (-0,2% on 31 Mar 2024; -1,0% on Apr, 2023)
    - Total: Apr 30, 2024 6.073.740 number of wheels (+2,5% on 31 Mar 2024; +1,6% on Apr, 2023)

  • DRY WHEY Stocks
    · US Stock: Mar 31, 2024 36.875 tons (+11.6% rispetto a Feb 29, 2024; +22.0% rispetto a Mar, 2023)

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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: Bauli Croissant

Name:
Bauli croissant
Company:
Bauli SpA
Establishment country:
Verona,Italy
Products:
Naturally leavened oven-baked products (holidays cakes, croissants, puff pastries, confectionery cakes, shortbreads, savory biscuits, cream crackers, other snacks)

Like Bauli's holiday cakes, the Bauli croissants are made using a long natural leavening process.
Water and flour are progressively added to the natural yeast to create a croissant dough without the use of chemical additives, allowing it to rise naturally. After 18 hours of leavening the croissants have the right softness, flavor and unique aroma. They stay fresh for much longer than regular bread or cakes, without any preservatives inside.

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

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