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Market News

World

US: Acid Casein price In calo -3,15%
US: Rennet Casein price In calo -1,67%
US: Whey Protein Concentrate (34%) price In calo -2,95%
US: Lactose price In calo -4,44%
US: Nonfat Dry Milk Price In calo -3,42%
US: Butter  stock In aumento +11,62%

Europe

France: Whey Powder price In aumento +1,25%
France: SMP price (Poudre 0%) In calo -7,69%
France: Butter price (82%) In aumento +1,53%
Netherlands: Skim Milk Powder feed price In calo -4,18%
Netherlands: Skim Milk Powder (Adpi-SMP) price In calo -0,81%
Netherlands: Whole Milk Powder (WMP) price In calo -1,17%

Italy

IT: Asiago Fresh PDO Production In calo -5,59%
IT, Verona: foreign Whole Spot Milk price In calo -1,28%
IT, Verona: Spot milk price In calo -2,04%
IT, Milan: Spot milk price In calo -1,05%
IT, Parma: Churned butter price In calo -4,08%
IT: Parmigiano Regg PDO Production In calo -1,52%
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 2023 (Forecast made in December)
Country Cow Milk Production Other Milk Production Fluid Domestic Consumption Factory Use
World 549.48+1.0% 116.79+2.3% 195.32+1.4% 465.96+1.2%
India 99.50 +2.6% 108.00 +2.4% 87.45 +2.9% 120.04 +2.2%
Share % 18.1% 92.5% 44.8% 25.8%
EU-27 143.00 -0.6% 4.20 +1.2% 23.65 -0.6% 122.85 -0.5%
Share % 26.0% 3.6% 12.1% 26.4%
United States 104.10 +1.1% 0.00 0.0% 20.90 -0.4% 82.61 +1.4%
Share % 18.9% 0.0% 10.7% 17.7%
China 40.90 +4.3% 1.20 +4.3% 16.70 +2.8% 26.48 +5.3%
Share % 7.4% 1.0% 8.6% 5.7%
Russia 32.30 +0.5% 0.00 0.0% 6.80 -1.4% 23.80 +1.2%
Share % 5.9% 0.0% 3.5% 5.1%
Source: USDA, Latest update: 2022-12-21

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 2022 on Jan-Dec 2021
EU-27
+12
+155
-1.910
-1.804
+3.881
New Zealand
-833
-73
-2.053
+75
+1.072
USA
+77
+75
-135
+1.153
-866
Australia
-613
+30
-102
+21
-502
United Kingdom
-83
-35
+134
-81
-171
Argentina
+4
+20
+127
-221
+118
Uruguay
-30
-8
-37
0
-1
Chile
-62
-216
+102
-62
-318
TOTAL
-1.528
-52
-3.875
-918
+3.214

Last update: 2023-03-08
(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
(2023-03-24)
OCEANIA
(2023-03-17)
EU¹
(2023-03-22)
GDT²
(2023-03-21)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.404 +12,2% 4.650 -7,5% 4.382 -15,6% 3.888 -14,3%
BUTTER 5.291 +2,9% 4.925 +0,3% 5.119 +0,4% 4.700 -3,2%
SMP 2.568 -3,5% 2.750 -2,7% 2.780 -1,5% 2.641 -3,0%
WMP 4.740 0,0% 3.263 -0,8% 3.782 +0,4% 3.216 -1,7%
WHEY POWDER 948 0,0%     959 +0,9%    
MILK (US$/100Kg) 50,93 -6,5% 41,29 -5,0% 58,70 -3,2%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Mild Cheddar in the United Kingdom (source: AHDB) and Milk European (EU-27) prices refer to Milk Market Observatory.
² Contract 2 GDT
n.a.: not available

Show/Hide Global Snapshot in €

/Ton US
(2023-03-24)
OCEANIA
(1679007600)
EU¹
(2023-03-22)
GDT²
(2023-03-21)
Product Value % Chg* Value % Chg* Value % Chg* Value % Chg*
CHEESE 4.156 +11,8% 4.377 -7,5% 4.152 -12,8% 3.628 -14,9%
BUTTER 4.994 +2,5% 4.636 +0,2% 4.750 0,0% 4.386 -3,8%
SMP 2.390 -4,6% 2.589 -2,7% 2.580 -1,9% 2.464 -3,7%
WMP 4.411 -1,1% 3.071 -0,8% 3.510 0,0% 3.001 -2,4%
WHEY POWDER 882 -1,1%     890 +0,6%    
MILK (€/100Kg) 47,29 -8,0% 38,34 -6,6% 54,78 -2,7%    
*Change from previous price
¹ Prices refer to Germany. Cheese prices refer to Mild Cheddar in the United Kingdom (source: AHDB) and Milk European (EU-27) 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 20 Mar 2023 -1,2% -16,8%
      ▸ farm-gate EU (13 country) Feb 2023 -5,6% +27,7%
      ▸ farm-gate USA Jan 2023 -8,0% +0,3%
PDO cheeses…
      ▸ hard Italy 23 Mar 2023 0,0% +4,3%
      ▸ semi-hard Italy 20 Mar 2023 0,0% +32,0%
      ▸ fresh Italy 20 Mar 2023 0,0% +23,2%
Cheeses Germany and Oceania 22 Mar 2023 -1,9% -6,9%
Butter Italy, Germany and Oceania 22 Mar 2023 +0,1% -28,2%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 24 Mar 2023 -3,3% -32,9%
Whey powder Germany and USA 24 Mar 2023 -0,6% -46,6%
Corn Italy and USA 23 Mar 2023 -2,4% -5,4%
Soybeans Italy and USA 23 Mar 2023 -1,9% -9,8%
Oil Europe 17 Mar 2023 -9,5% -31,6%
Retail price
PDO hard cheeses Italy Jan 2023 +4,8% +13,8%
Fresh cheeses Italy Jan 2023 +1,3% +23,4%
Butter Italy Jan 2023 -0,6% +28,7%
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: Jan 31, 2023 653.643 tons (-0.3% on Dec 31, 2022; -0.3% on Jan, 2022)
    · EU-27
    Consumption (Production + Import - Export): Jan 31,2023 0 tons (+17,6% on 31, 2023; -5,3% on Jan, 2022)
    · ITALY

    Grana Padano Stocks:
    - Marked PDO: Feb 28, 2023 2.069.299 number of wheels (+6,3% on 31 Jan 2023; -1,6% on Feb, 2022)
    - Total: Feb 28, 2023 5.824.008 number of wheels (+2,0% on 31 Jan 2023; +1,2% on Feb, 2022)

  • DRY WHEY Stocks
    · US Stock: Jan 31, 2023 31.697 tons (-0.8% rispetto a Dec 31, 2022; +23.5% rispetto a Jan, 2022)

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Name:
Provolone Valpadana DOP Piccante – Mandarino
Company
Casearia Bresciana Ca.Bre.
Base:
Cadignano di Verolanuova (BS), Italy
Products:
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Sharp Provolone Valpadana is a product with a protected designation of origin, the result of the best Italian dairy tradition and exclusively made with milk from our territory. In the kitchen, the sharp Provolone Valpadana PDO is essential for those dishes that require a strong and persistent flavor.

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