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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%

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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 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

Milk - Balance sheet in Mio Tons \| Year 2023 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
China	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2022-12-21

Milk - Balance sheet in Mio Tons \| Year 2022
World	544.15	-0.2%	114.17	+2.2%	192.66	+0.4%	460.49	+0.2%
India	97.00	+1.0%	105.50	+2.4%	85.00	+2.4%	117.49	+1.3%
Share %	17.8%	92.2%	43.8%	25.5%
EU-27	143.90	-0.6%	4.15	+0.1%	23.80	-0.6%	123.45	-0.5%
Share %	26.4%	3.6%	12.3%	26.8%
United States	102.97	+0.3%	0.00	0.0%	20.98	-0.1%	81.43	+0.5%
Share %	18.9%	0.0%	10.8%	17.7%
China	39.20	+6.4%	1.15	+2.7%	16.25	+4.2%	25.15	+6.6%
Share %	7.2%	1.0%	8.4%	5.5%
Russia	32.15	+0.4%	0.00	0.0%	6.90	-1.3%	23.51	+1.0%
Share %	5.9%	0.0%	3.6%	5.1%
Source: USDA, Latest update: 2022-12-21

Butter - Balance sheet in Mio Tons \| Year 2023 (Forecast made in December)
World	0.30	-14.7%	11.58	+1.6%	0.63	0.0%	1.03	-4.8%	11.21	+2.0%	0.26	-10.5%
India	0.00	0.0%	6.70	+3.1%	0.00	0.0%	0.06	+25.0%	6.65	+2.9%	0.00	0.0%
Share %	0.0%	57.9%	0.0%	5.8%	59.3%	0.0%
EU-27	0.00	0.0%	2.04	-1.9%	0.07	0.0%	0.27	+1.9%	1.85	-2.4%	0.00	0.0%
Share %	0.0%	17.6%	11.1%	26.2%	16.5%	0.0%
United States	0.09	-5.6%	0.98	+4.5%	0.07	-8.6%	0.07	-11.9%	0.99	+5.3%	0.08	-11.8%
Share %	30.0%	8.5%	11.1%	6.8%	8.8%	30.8%
New Zealand	0.07	-30.9%	0.48	-5.0%	0.00	-50.0%	0.45	-10.0%	0.03	0.0%	0.06	-9.0%
Share %	23.3%	4.1%	0.0%	43.7%	0.3%	23.1%
Russia	0.02	+20.0%	0.28	+1.8%	0.13	+4.2%	0.00	0.0%	0.40	+2.8%	0.02	+11.1%
Share %	6.7%	2.4%	20.6%	0.0%	3.6%	7.7%
Source: USDA, Latest update: 2022-12-21

Butter - Balance sheet in Mio Tons \| Year 2023 (Forecast made in June)
World	-	-	-	-	-
India	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
New Zealand	-	-	-	-	-
Russia	-	-	-	-	-
Source: USDA, Latest update: 2022-12-21

Butter - Balance sheet in Mio Tons \| Year 2022
World	0.35	-10.1%	11.40	+1.3%	0.63	+8.7%	1.08	+11.3%	10.99	+0.9%	0.30	-14.7%
India	0.00	0.0%	6.50	+3.2%	0.00	0.0%	0.04	+300.0%	6.46	+2.7%	0.00	0.0%
Share %	0.0%	57.0%	0.0%	4.0%	58.8%	0.0%
EU-27	0.00	0.0%	2.08	-2.8%	0.07	+37.3%	0.26	-1.9%	1.89	-1.9%	0.00	0.0%
Share %	0.0%	18.2%	12.4%	25.8%	17.2%	0.0%
United States	0.09	-27.4%	0.93	-0.7%	0.08	+17.4%	0.08	+44.8%	0.94	-5.1%	0.09	-5.6%
Share %	25.9%	8.2%	14.2%	7.9%	8.6%	28.6%
New Zealand	0.10	+4.3%	0.50	+6.4%	0.00	+100.0%	0.50	+14.7%	0.03	+3.2%	0.07	-30.9%
Share %	28.7%	4.4%	0.0%	49.6%	0.3%	22.2%
Russia	0.02	-21.1%	0.28	+1.9%	0.12	-1.6%	0.00	0.0%	0.39	-1.0%	0.02	+20.0%
Share %	5.7%	2.5%	21.3%	0.0%	3.5%	6.3%
Source: USDA, Latest update: 2022-12-21

Cheese - Balance sheet in Mio Tons \| Year 2023 (Forecast made in December)
World	1.06	+4.9%	22.35	+0.8%	2.20	+3.4%	3.01	+1.6%	21.52	+1.1%	1.09	+2.4%
EU-27	0.00	0.0%	10.60	+0.5%	0.19	+2.7%	1.38	+0.4%	9.42	+0.5%	0.00	0.0%
Share %	0.0%	47.4%	8.6%	45.8%	43.8%	0.0%
United States	0.67	+2.4%	6.43	+1.2%	0.15	+4.8%	0.47	+4.0%	6.08	+0.8%	0.70	+4.5%
Share %	63.2%	28.8%	6.8%	15.6%	28.3%	64.2%
Russia	0.04	0.0%	1.10	+1.4%	0.38	+8.7%	0.05	+12.5%	1.43	+2.9%	0.04	0.0%
Share %	3.8%	4.9%	17.3%	1.7%	6.6%	3.7%
Brazil	0.00	0.0%	0.77	+3.4%	0.04	+2.9%	0.01	0.0%	0.80	+3.4%	0.00	0.0%
Share %	0.0%	3.4%	1.8%	0.3%	3.7%	0.0%
Canada	0.09	+2.4%	0.54	+1.9%	0.05	+6.0%	0.01	+14.3%	0.59	+2.5%	0.09	0.0%
Share %	8.5%	2.4%	2.3%	0.3%	2.7%	8.3%
Source: USDA, Latest update: 2022-12-21

Cheese - Balance sheet in Mio Tons \| Year 2023 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
Russia	-	-	-	-	-
Brazil	-	-	-	-	-
Canada	-	-	-	-	-
Source: USDA, Latest update: 2022-12-21

Cheese - Balance sheet in Mio Tons \| Year 2022
World	1.01	+3.3%	22.17	+0.5%	2.13	-1.4%	2.96	+1.9%	21.29	+0.1%	1.06	+4.9%
EU-27	0.00	0.0%	10.55	0.0%	0.19	-5.6%	1.37	-1.1%	9.37	+0.0%	0.00	0.0%
Share %	0.0%	47.6%	8.7%	46.1%	43.8%	0.0%
United States	0.65	+3.3%	6.35	+2.1%	0.15	+0.7%	0.45	+12.2%	6.03	+1.5%	0.67	+2.4%
Share %	63.4%	28.7%	6.9%	15.2%	28.2%	67.1%
Russia	0.04	+8.1%	1.09	+0.9%	0.35	+5.8%	0.04	+14.3%	1.39	+2.0%	0.04	0.0%
Share %	3.9%	4.9%	16.1%	1.3%	6.5%	4.0%
Brazil	0.00	0.0%	0.75	-5.7%	0.03	+6.3%	0.01	0.0%	0.77	-5.3%	0.00	0.0%
Share %	0.0%	3.4%	1.4%	0.3%	3.6%	0.0%
Canada	0.08	0.0%	0.53	+1.5%	0.05	+4.2%	0.01	-12.5%	0.57	+1.6%	0.09	+2.4%
Share %	7.8%	2.4%	2.3%	0.3%	2.7%	9.0%
Source: USDA, Latest update: 2022-12-21

SMP - Balance sheet in Mio Tons \| Year 2023 (Forecast made in December)
World	0.45	-10.5%	4.64	-0.4%	1.48	+2.1%	2.21	-4.2%	3.93	+2.3%	0.42	-6.6%
EU-27	0.00	0.0%	1.38	-5.2%	0.04	+14.3%	0.63	-10.7%	0.79	+0.6%	0.00	0.0%
Share %	0.0%	29.7%	2.7%	28.5%	20.1%	0.0%
United States	0.11	-8.5%	1.17	+2.6%	0.00	0.0%	0.84	+1.3%	0.33	+1.8%	0.11	+2.8%
Share %	24.4%	25.2%	0.0%	38.0%	8.4%	26.2%
India	0.03	-31.8%	0.73	+4.3%	0.00	0.0%	0.05	+40.6%	0.70	+1.9%	0.02	-33.3%
Share %	6.7%	15.7%	0.0%	2.3%	17.8%	4.8%
New Zealand	0.10	-13.3%	0.33	-5.7%	0.01	0.0%	0.34	-5.6%	0.02	0.0%	0.08	-15.3%
Share %	22.2%	7.1%	0.7%	15.4%	0.5%	19.0%
Japan	0.09	+8.1%	0.17	+3.1%	0.02	0.0%	0.01	-37.5%	0.18	+9.1%	0.09	0.0%
Share %	20.0%	3.7%	1.4%	0.5%	4.6%	21.4%
Source: USDA, Latest update: 2022-12-21

SMP - Balance sheet in Mio Tons \| Year 2023 (Forecast made in June)
World	-	-	-	-	-
EU-27	-	-	-	-	-
United States	-	-	-	-	-
India	-	-	-	-	-
New Zealand	-	-	-	-	-
Japan	-	-	-	-	-
Source: USDA, Latest update: 2022-12-21

SMP - Balance sheet in Mio Tons \| Year 2022
World	0.51	-14.4%	4.66	-2.2%	1.45	-3.7%	2.31	-5.5%	3.85	-1.5%	0.45	-10.5%
EU-27	0.00	0.0%	1.45	-3.6%	0.04	+9.4%	0.70	-11.2%	0.79	+4.9%	0.00	0.0%
Share %	0.0%	30.3%	2.7%	29.6%	20.3%	0.0%
United States	0.12	-12.7%	1.14	-7.9%	0.00	0.0%	0.83	-7.6%	0.33	-10.2%	0.11	-8.5%
Share %	23.7%	23.8%	0.0%	35.1%	8.5%	22.5%
India	0.04	-29.0%	0.70	+2.9%	0.00	0.0%	0.03	-28.9%	0.68	+4.4%	0.03	-31.8%
Share %	7.9%	14.6%	0.0%	1.3%	17.4%	6.1%
New Zealand	0.11	-2.6%	0.35	+6.1%	0.01	-37.5%	0.36	+8.9%	0.02	0.0%	0.10	-13.3%
Share %	21.7%	7.3%	0.7%	15.2%	0.5%	20.4%
Japan	0.09	+4.9%	0.16	+6.7%	0.02	-9.1%	0.01	+700.0%	0.17	-1.2%	0.09	+8.1%
Share %	17.8%	3.3%	1.4%	0.4%	4.4%	18.4%
Source: USDA, Latest update: 2022-12-21

WMP - Balance sheet in Mio Tons \| Year 2023 (Forecast made in December)
World	0.42	-2.8%	4.59	+2.9%	1.27	+1.0%	2.09	+2.7%	3.73	+0.9%	0.46	+9.5%
New Zealand	0.16	+13.8%	1.53	+3.0%	0.00	0.0%	1.50	+3.4%	0.02	0.0%	0.17	+8.9%
Share %	38.1%	33.3%	0.0%	71.8%	0.5%	37.0%
China	0.15	0.0%	1.13	+7.1%	0.70	0.0%	0.01	+66.7%	1.80	+2.7%	0.18	+16.7%
Share %	35.7%	24.6%	55.1%	0.5%	48.3%	39.1%
EU-27	0.00	0.0%	0.60	-3.2%	0.02	0.0%	0.24	-4.0%	0.38	-2.6%	0.00	0.0%
Share %	0.0%	13.1%	1.6%	11.5%	10.2%	0.0%
Brazil	0.00	0.0%	0.59	+3.2%	0.08	-4.8%	0.01	0.0%	0.66	+2.2%	0.00	0.0%
Share %	0.0%	12.9%	6.3%	0.5%	17.7%	0.0%
Argentina	0.04	+33.3%	0.26	+4.1%	0.00	0.0%	0.18	+9.1%	0.07	0.0%	0.05	+12.5%
Share %	9.5%	5.7%	0.0%	8.6%	1.9%	10.9%
Source: USDA, Latest update: 2022-12-21

WMP - Balance sheet in Mio Tons \| Year 2023 (Forecast made in June)
World	-	-	-	-	-
New Zealand	-	-	-	-	-
China	-	-	-	-	-
EU-27	-	-	-	-	-
Brazil	-	-	-	-	-
Argentina	-	-	-	-	-
Source: USDA, Latest update: 2022-12-21

WMP - Balance sheet in Mio Tons \| Year 2022
World	0.44	+3.8%	4.46	-3.5%	1.26	-6.1%	2.03	-8.3%	3.70	-0.8%	0.42	-2.8%
New Zealand	0.14	-19.3%	1.49	-7.2%	0.00	0.0%	1.45	-10.3%	0.02	0.0%	0.16	+13.8%
Share %	32.2%	32.7%	0.0%	69.7%	0.5%	33.3%
China	0.15	+50.0%	1.05	+4.0%	0.70	-17.6%	0.00	+50.0%	1.75	-3.3%	0.15	0.0%
Share %	34.5%	23.0%	54.1%	0.0%	46.9%	31.3%
EU-27	0.00	0.0%	0.62	-6.5%	0.02	+81.8%	0.25	-16.1%	0.39	+3.7%	0.00	0.0%
Share %	0.0%	13.6%	1.5%	12.0%	10.5%	0.0%
Brazil	0.00	0.0%	0.57	-4.4%	0.08	+61.5%	0.01	0.0%	0.65	+0.9%	0.00	0.0%
Share %	0.0%	12.5%	6.2%	0.5%	17.4%	0.0%
Argentina	0.03	+114.3%	0.25	+4.7%	0.00	0.0%	0.17	+13.8%	0.07	-4.1%	0.04	+33.3%
Share %	6.9%	5.5%	0.0%	8.2%	1.9%	8.3%
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	+0,0% +12	+5,6% +155	-7,6% -1.910	-1,3% -1.804	+3.881
New Zealand	-3,8% -833	-34,8% -73	-10,5% -2.053	+4,6% +75	+1.072
USA	+0,1% +77	+4,2% +75	-1,0% -135	+1,3% +1.153	-866
Australia	-6,8% -613	+2,3% +30	-2,6% -102	+0,3% +21	-502
United Kingdom	-0,5% -83	-0,8% -35	+4,6% +134	-0,5% -81	-171
Argentina	+0,0% +4	+76,1% +20	+8,1% +127	-3,5% -221	+118
Uruguay	-1,4% -30	-15,6% -8	-2,4% -37	0% 0	-1
Chile	-2,6% -62	-26,1% -216	+75,1% +102	-10,7% -62	-318
TOTAL	*-0,5%* -1.528	*-0,5%* -52	*-5,7%* -3.875	*-0,4%* -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 »

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 2021 on Jan-Dec 2020
EU-27	-0,3% -417	-15,3% -505	-3,4% -876	+0,1% +150	-196
New Zealand	+0,1% +13	+4,8% +10	+3,3% +623	+1,6% +26	-626
USA	+1,3% +1.354	+5,7% +97	+9,4% +1.146	+2,0% +1.766	-1.461
Australia	-0,3% -31	-5,0% -68	+15,8% +526	-3,6% -273	-352
United Kingdom	-0,1% -16	-13,7% -709	-19,7% -719	-2,2% -388	+382
Argentina	+4,0% +454	+94,1% +13	+3,2% +48	+0,3% +17	+401
Uruguay	+2,0% +42	-2,9% -2	+2,8% +41	0% 0	-1
Chile	-0,3% -7	+15,2% +110	-6,8% -10	0% 0	+112
TOTAL	*+0,5%* +1.391	*-8,4%* -1.055	*+1,2%* +781	*+0,5%* +1.297	-1.741
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 »

SMP ('000 Tons)	Δ Prod	Δ Imp*	Δ Exp*	Δ Cons* (e)	Balance Δ(P+I-E-C)
Main Players, changes Jan-Dec 2022 on Jan-Dec 2021
USA	-7,9% -98	+68,4% +0	-5,9% -52	-14,4% -54	+8
EU-27	+0,2% +3	+16,6% +5	-9,8% -77	+5,1% +37	+49
New Zealand	+7,9% +25	-64,9% -5	+9,7% +31	0% 0	-11
Australia	-6,4% -9	+9,5% +1	-1,6% -2	-30,0% -12	+6
TOTAL	*-2,6%* -79	*+2,8%* +1	*-4,6%* -100	*-2,5%* -29	+51
Last update: 2023-03-25 (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 2021 on Jan-Dec 2020
USA	+2,8% +34	-48,1% -0	+8,1% +66	-2,3% -9	-24
EU-27	-6,2% -86	-11,9% -4	-5,2% -43	-5,5% -42	-5
New Zealand	-9,1% -32	+5,5% +0	-8,6% -31	+7,1% +1	-2
Australia	-5,5% -9	-13,4% -2	+21,7% +28	-7,0% -3	-36
TOTAL	*-3,0%* -93	*-10,5%* -6	*+1,0%* +21	*-4,4%* -53	-67
Last update: 2023-03-25 (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-Dec 2022 on Jan-Dec 2021
New Zealand	-4,4% -71	-32,3% -1	-17,9% -290	0% 0	+219
EU-27	-5,3% -40	+75,5% +8	-19,4% -58	-1,6% -7	+33
Australia	-30,5% -16	+8,1% +3	+12,0% +6	0% 0	-19
USA	-7,9% -5	+33,8% +4	-1,4% -1	0% 0	-1
TOTAL	*-5,3%* -132	*+24,0%* +15	*-17,0%* -342	*-1,4%* -7	+232
Last update: 2023-03-25 (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 2021 on Jan-Dec 2020
New Zealand	+5,5% +84	-1,4% -0	+5,5% +85	0% 0	-1
EU-27	-8,6% -71	-59,1% -16	-13,5% -46	-8,6% -40	-0
Australia	+11,5% +5	-13,5% -6	+39,5% +15	0% 0	-15
USA	+7,4% +5	-49,7% -11	+1,7% +1	0% 0	-8
TOTAL	*+1,0%* +24	*-35,1%* -34	*+2,7%* +53	*-7,2%* -40	-23
Last update: 2023-03-25 (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-Dec 2022 on Jan-Dec 2021
New Zealand	+2,0% +9	+80,1% +1	+13,3% +53	+9,7% +3	-46
EU-27	-0,1% -2	+50,8% +24	-2,8% -7	-4,3% -80	+109
USA	-0,7% -6	+15,8% +10	+43,2% +25	+1,8% +18	-39
United Kingdom	-2,1% -0	-3,2% -2	-7,2% -4	0% 0	+2
Australia	-13,7% -6	+11,5% +4	-28,5% -7	-4,2% -4	+9
TOTAL	*-0,1%* -5	*+18,3%* +37	*+7,5%* +60	*-2,0%* -63	+35
Last update: 2023-03-25 (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 2021 on Jan-Dec 2020
New Zealand	-6,0% -30	+11,3% +0	-6,4% -27	+3,3% +1	-4
EU-27	-2,9% -61	-2,9% -1	-15,9% -50	-0,5% -9	-4
USA	-3,5% -34	-7,9% -5	+113,6% +31	+0,7% +7	-77
United Kingdom	+6,2% +0	-29,1% -22	-14,9% -9	-0,5% -1	-12
Australia	-9,5% -4	-13,6% -6	+53,1% +8	-10,4% -11	-7
TOTAL	*-3,5%* -130	*-14,7%* -35	*-5,6%* -47	*-0,4%* -13	-105
Last update: 2023-03-25 (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-Dec 2022 on Jan-Dec 2021
EU-27	-0,3% -24	-5,1% -10	-2,9% -40	+0,4% +35	-30
USA	+1,7% +108	+0,8% +2	+12,1% +49	+1,6% +95	-35
New Zealand	-1,2% -4	-9,4% -1	-4,8% -17	+2,6% +1	+11
United Kingdom	+3,4% +0	+2,1% +8	+14,6% +22	-0,8% -6	-8
Australia	+1,6% +6	-1,8% -2	-7,2% -11	+5,2% +16	-0
TOTAL	*+0,5%* +85	*-0,3%* -3	*+0,1%* +3	*+0,9%* +141	-62
Last update: 2023-03-25 (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 2021 on Jan-Dec 2020
EU-27	+1,2% +115	-11,6% -26	-1,1% -16	+1,4% +113	-8
USA	+3,5% +212	+13,7% +23	+13,2% +47	+3,4% +194	-7
New Zealand	+8,6% +29	+9,2% +1	+9,4% +31	0% 0	-1
United Kingdom	+2,6% +0	-17,5% -85	-18,9% -36	-4,1% -32	-17
Australia	+5,7% +21	-0,7% -1	+2,3% +4	0% 0	+17
TOTAL	*+2,3%* +377	*-9,0%* -88	*+1,2%* +30	*+1,8%* +275	-15
Last update: 2023-03-25 (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 (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

Global Milk Supply in the Key Exporters of Dairy Products: +1,0% (Jan'23 - Feb'23)

Dairy Products Production in some Key Exporting Countries

Milk Powders (WMP and SMP), Butter and Cheese Exports of the main Exporting countries -5,94% (Feb'22 - Mar'22)

BUTTER Stocks
· US Stocks: Feb 28, 2023 133.813 tons (+11.6% on Jan 31, 2023; +12.2% on Feb, 2022)
· EU-27
Consumption (Production + Import - Export): Jan 31,2023: 148.694 tons (-7,5% on 30; +5,6% on Jan, 2022)

SMP Stocks
· US Stocks: Jan 31, 2023 123.251 tons (+6.5% on Dec 31, 2022; +3.9% on Jan, 2022)
· EU-27
Consumption (Production + Import - Export): Jan 31,2023 55.880 tons (+17,6% on 31, 2023; -5,3% on Jan, 2022)

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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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.

▸ New Zealand Cheese Export: +34,1% (Feb '23) **
▸ EU-27 WMP Export: -28,4% (Jan '23) **
▸ EU-27 Milk in packings of > 2 L Export: +25,9% (Jan '23) **
▸ China Butter Import: -23,5% (Feb '23) **

Show/Hide all ALERT

▸ New Zealand SMP Export: +72,0% (Feb '23) **
▸ EU-27 Butter Export: +19,2% (Jan '23) **
▸ New Zealand Bulk and Packed Milk Export: -7,9% (Feb '23) **
▸ China Cream Import: -29,2% (Feb '23) **
▸ Algeria SMP Import: +192,1% (Jan '23) **
▸ China WMP Import: -31,0% (Feb '23) **
▸ China Infant milk formula Import: +37,3% (Feb '23) **
▸ China SMP Import: +42,9% (Feb '23) **
▸ New Zealand Cream Export: +71,3% (Feb '23) **
▸ China Packed Milk Import: -41,7% (Feb '23) **
▸ EU-27 Milk in packings of <= 2 L Export: -26,7% (Jan '23) **
▸ New Zealand WMP Export: -23,8% (Feb '23) **

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.

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Rising Soybean local prices and production in China
With over 66 million tonnes of Cereals and over 102 million tonnes of Oilseeds imported in 2021, China is the largest importing country in ... read
India plans to grow exports of dairy products (and not only)
With cow’s milk production expected to increase in 2022 (+2.1%) as well as other types of milk such as buffalo, sheep and goat’s ... read
When a farm shuts down
It’s always the same story: a barn to rebuild, struggles finding workers, not enough land to reliably grow forage and other crops… ... read

GlobalDairyTrade results of March 21, 2023

Change in Price Index from Previous Event: -2,6 %
Average Winning Price: 3.361 US$ / Ton

	Average price USD / Ton	Change
AMF (Anhydrous Milk Fat)	5.150	-3,8 %
BMP (Butter Milk Powder)	n.a.	-
BUTTER 82%	4.748	-3,0 %
RENNET CASEIN	n.a.	-
CHEDDAR	4.052	-10,2 %
LACTOSE	n.a.	-
MPC (Milk Protein Concentrate)	n.a.	-
SMP (Skim. milk Powder)	2.648	-3,5 %
SWP (Sweet Whey Powder)	n.a.	-
WMP (Whole milk Powder)	3.228	-1,5 %

Next GlobalDairyTrade Event: April 04, 2023

ITALY: Import/Export as of December 31, 2022

Exports of G.Padano + P.Reggiano:	+3,12 %
Exports of Gorgonzola:	+1,89 %
Exports of Grated cheese:	+13,03 %

Imports of Full-fat bulk milk:	-12,91 %
Imports of Packed semi-skimmed milk:	-2,28 %

Next Update: April 17, 2023

a new project: Sistema Stalla

Performance and Competitiveness of Italian Dairy Farms

CLAL focus on: Sharp Provolone Valpadana PDO - Mandarino

Name:: Provolone Valpadana DOP Piccante – Mandarino

Company: Casearia Bresciana Ca.Bre.
Base:: Cadignano di Verolanuova (BS), Italy

Products:: Grana Padano PDO, Provolone Valpadana PDO, Provolone, Leonessa, grated cheese, milk, butter

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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Butter - Balance sheet in Mio Tons \| Year 2023 (Forecast made in December)
Country	Beginning Stocks		Production		Import		Export		Consumption		Ending Stocks
World	0.30	-14.7%	11.58	+1.6%	0.63	0.0%	1.03	-4.8%	11.21	+2.0%	0.26	-10.5%
India	0.00	0.0%	6.70	+3.1%	0.00	0.0%	0.06	+25.0%	6.65	+2.9%	0.00	0.0%
Share %	0.0%		57.9%		0.0%		5.8%		59.3%		0.0%
EU-27	0.00	0.0%	2.04	-1.9%	0.07	0.0%	0.27	+1.9%	1.85	-2.4%	0.00	0.0%
Share %	0.0%		17.6%		11.1%		26.2%		16.5%		0.0%
United States	0.09	-5.6%	0.98	+4.5%	0.07	-8.6%	0.07	-11.9%	0.99	+5.3%	0.08	-11.8%
Share %	30.0%		8.5%		11.1%		6.8%		8.8%		30.8%
New Zealand	0.07	-30.9%	0.48	-5.0%	0.00	-50.0%	0.45	-10.0%	0.03	0.0%	0.06	-9.0%
Share %	23.3%		4.1%		0.0%		43.7%		0.3%		23.1%
Russia	0.02	+20.0%	0.28	+1.8%	0.13	+4.2%	0.00	0.0%	0.40	+2.8%	0.02	+11.1%
Share %	6.7%		2.4%		20.6%		0.0%		3.6%		7.7%
Source: USDA, Latest update: 2022-12-21

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