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China: recovery after lockdown and trade agreements with the U.S.
This edition of CLAL Lens aims to quantify:
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.
17/04/2025
17/09/2024
09/07/2024
20/02/2024
November 30, 2018
August 31, 2018
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Sign up »| US: Cheese 40# Blocks price | In aumento | +5,69% |
| US: Butter, Grade AA price | In calo | -1,92% |
| US: Acid Casein price | In aumento | +3,53% |
| US: Nonfat Dry Milk Price | In aumento | +2,59% |
| US: Dry Whey Animal Use Stock | In calo | -3,76% |
| US: Dry Whey Human Use Stock | In calo | -7,16% |
| Poland: Butter price (82%) | In aumento | +0,93% |
| DE, Bavaria: Farm gate milk price | In calo | -6,18% |
| Netherlands: Whey Powder feed price | In aumento | +1,39% |
| Netherlands: Butter price (82%) | In calo | -5,27% |
| Netherlands: Whole Milk Powder (WMP) price | In calo | -2,28% |
| Netherlands: Skim Milk Powder feed price | In aumento | +0,36% |
| IT, Parma: Parmig. Regg. PDO (15 months) price | In aumento | +0,66% |
| IT, Parma: Parmig. Regg. PDO (30 months) price | In aumento | +0,55% |
| IT, Parma: Parmig.Regg. (24 months) price | In aumento | +0,58% |
| IT, Parma: Parmig.Regg. (12 months) price | In aumento | +1,03% |
| IT, Parma: Parmig. PDO Regg. (18 months) price | In aumento | +0,61% |
| IT, Parma: Churned butter price | In calo | -2,56% |
Click on a frame for more information and charts.
| Milk - Balance sheet in Mio Tons | Year 2026 (Forecast made in December) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Country |
Cow Milk Production
|
Other Milk Production
|
Fluid Domestic Consumption
|
Factory Use
|
||||
| World | 565.43 | +0.7% | 124.58 | +2.2% | 197.32 | +0.8% | 488.05 | +1.1% |
| India | 105.40 | +2.1% | 116.00 | +2.4% | 93.00 | +2.2% | 128.37 | +2.3% |
| Share % | 18.6% | 93.1% | 47.1% | 26.3% | ||||
| EU-27 | 144.80 | -0.5% | 4.15 | -0.5% | 23.00 | -0.9% | 125.68 | -0.3% |
| Share % | 25.6% | 3.3% | 11.7% | 25.8% | ||||
| United States | 106.19 | +1.2% | 0.00 | 0.0% | 20.00 | -1.0% | 85.55 | +1.7% |
| Share % | 18.8% | 0.0% | 10.1% | 17.5% | ||||
| China | 40.60 | 0.0% | 0.91 | +1.1% | 15.70 | +0.7% | 26.43 | -0.4% |
| Share % | 7.2% | 0.7% | 8.0% | 5.4% | ||||
| Russia | 33.90 | -0.3% | 0.00 | 0.0% | 7.03 | -0.4% | 25.28 | 0.0% |
| Share % | 6.0% | 0.0% | 3.6% | 5.2% | ||||
| Source: USDA, Latest update: 2025-12-20 | ||||||||
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 2025 on Jan-Dec 2024 | ||||||||
| EU-27 | +1.471 | |||||||
| New Zealand | +829 | |||||||
| USA | -157 | |||||||
| Australia | -54 | |||||||
| United Kingdom | +380 | |||||||
| Argentina | +668 | |||||||
| Uruguay | +37 | |||||||
| Chile | -42 | |||||||
| TOTAL | +3.132 | |||||||
|
Last update: 2026-04-03 (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
|
||||||||
| « Last year Current year » | ||||||||
/Ton |
US (2026-04-03) |
OCEANIA (2026-03-27) |
EU¹ (2026-04-01) |
GDT² (2026-03-17) |
||||
| Product | Value | % Chg* | Value | % Chg* | Value | % Chg* | Value | % Chg* |
| CHEESE | 3.687 | +5,7% | 4.913 | +0,5% | 3.768 | -0,6% | 4.930 | -0,3% |
| BUTTER | 3.946 | -1,9% | 6.988 | +4,5% | 5.088 | -2,8% | 6.863 | +1,7% |
| SMP | 4.288 | +3,5% | 3.438 | +7,8% | 3.208 | -1,3% | 3.371 | +4,5% |
| WMP | 5.137 | +1,3% | 3.738 | -0,3% | 3.984 | -0,6% | 3.694 | -3,8% |
| WHEY POWDER | 1.400 | -0,8% | 1.627 | +4,1% | ||||
| MILK (US$/100Kg) | 40,34 | +4,6% | 42,19 | +7,0% | 52,42 | -1,1% | ||
|
*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 |
||||||||
/Ton |
US (2026-04-03) |
OCEANIA (1774566000) |
EU¹ (2026-04-01) |
GDT² (2026-03-17) |
||||
| Product | Value | % Chg* | Value | % Chg* | Value | % Chg* | Value | % Chg* |
| CHEESE | 3.199 | +5,8% | 4.265 | +0,2% | 3.261 | -1,3% | 4.295 | +1,6% |
| BUTTER | 3.424 | -1,8% | 6.067 | +4,1% | 4.425 | -2,2% | 5.979 | +3,7% |
| SMP | 3.721 | +3,4% | 2.985 | +7,5% | 2.790 | -0,7% | 2.937 | +6,5% |
| WMP | 4.457 | +1,2% | 3.245 | -0,7% | 3.465 | 0,0% | 3.218 | -2,0% |
| WHEY POWDER | 1.215 | -0,9% | 1.415 | +4,8% | ||||
| MILK (€/100Kg) | 34,12 | +3,8% | 35,94 | +6,7% | 44,33 | -1,8% | ||
|
*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 |
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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. |
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Grana Padano Stocks:
- Marked PDO: Jan 31, 2026 1.948.148 number of wheels (+4,7% on 31 Dec 2025; +3,0% on Jan, 2025)
- Total: Jan 31, 2026 0 number of wheels (+nan% on 31 Dec 2025; -100,0% on Jan, 2025)
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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
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 %
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By: Alberto Lancellotti In a context of uncertainty linked to the possible introduction of new tariffs by the United States on dairy ... read
| Average price USD / Ton | Change | |
| AMF (Anhydrous Milk Fat) | 7.602 | +6,4 % |
| BMP (Butter Milk Powder) | n.a. | - |
| BUTTER 82% | 6.868 | -0,9 % |
| RENNET CASEIN | n.a. | - |
| CHEDDAR | 4.925 | +0,1 % |
| LACTOSE | 1.450 | -0,3 % |
| MOZZARELLA | 4.208 | +0,5 % |
| MPC (Milk Protein Concentrate) | n.a. | - |
| SMP (Skim. milk Powder) | 3.409 | +5,2 % |
| SWP (Sweet Whey Powder) | n.a. | - |
| WMP (Whole milk Powder) | 3.709 | -4,0 % |
| Next GlobalDairyTrade Event: April 07, 2026 | ||
| Exports of G.Padano + P.Reggiano: | +1,54 % |
| Exports of Gorgonzola: | -2,14 % |
| Exports of Grated cheese: | +5,55 % |
| Imports of Full-fat bulk milk: | -1,16 % |
| Imports of Packed semi-skimmed milk: | -3,08 % |
| Next Update: April 17, 2026 | |
Performance and Competitiveness of Italian Dairy Farms
Piave is a hard, cooked PDO cheese made in the province of Belluno, the northernmost part of the Veneto region in north-eastern Italy, bordering the Dolomiti Bellunesi National Park. It can be made exclusively from milk that has been collected in the same area. It is distinguished by its flavour: sweet and intense, never spicy, with a full aroma reminiscent of Alpine herbs and flowers.
Clal opens up a showcase for innovative technological products. Each product is linked with a technical sheet and a Company profile.
The Agricultural Market News are now available on TESEO.clal.it: click here.