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Market News

World

Malaysia: Palm oil price In calo -0,41%
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%

Europe

Netherlands: Skim Milk Powder feed price In aumento +2,70%
Netherlands: Skim Milk Powder (Adpi-SMP) price In aumento +2,09%
Netherlands: Whole Milk Powder (WMP) price In aumento +1,37%
Netherlands: Butter price (82%) In aumento +7,11%
Netherlands: Whey Powder feed price In aumento +1,56%
Germany: Whole Milk Powder (WMP) price In aumento +1,33%

Italy

IT,Reggio Emilia: Parmig. Regg. (24 months) price In calo -0,41%
IT, Verona: foreign Whole Spot Milk price In aumento +4,49%
IT, Verona: Spot milk price In aumento +6,25%
IT, Verona: foreign Skim Spot Milk price In aumento +13,89%
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.

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-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
(2024-05-22)
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% 6.817 +5,9% 6.993 +4,5%
SMP 2.491 +0,9% 2.550 -1,0% 2.651 +3,2% 2.621 +3,9%
WMP 4.850 +0,5% 3.363 +3,5% 4.074 +2,0% 3.403 +2,2%
WHEY POWDER 849 0,0%     1.059 +1,1%    
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
(2024-05-22)
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% 6.275 +5,2% 6.439 +3,7%
SMP 2.297 +0,3% 2.366 -1,6% 2.440 +2,5% 2.413 +3,1%
WMP 4.473 -0,1% 3.119 +2,8% 3.750 +1,4% 3.133 +1,4%
WHEY POWDER 783 -0,6%     975 +0,5%    
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 22 May 2024 +0,5% -0,2%
Butter Italy, Germany and Oceania 22 May 2024 +3,6% +35,4%
SMP (Skimmed Milk Powder) Germany, Oceania and USA 22 May 2024 +0,7% -4,0%
Whey powder Germany and USA 22 May 2024 +0,4% +9,4%
  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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** 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: 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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The Agricultural Market News are now available on TESEO.clal.it: click here.

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