Another bad one slip for the price of Italian spot milk which has continued to lose ground since the beginning of the year.
The latest findings in the Milan-Lodi market, the reference market for this product, show a price of 42.62 euros per quintal.
The same price as 2023, but a lot distant from 52.6 euros per quintal sign in in the same period as two years ago.
Little consolation to observe a trend even worse for the origins French And Germans, which have lost more ground compared to Italian milk. Which is how they become again more competitive compared to the national product.
A downward trend that contrasts with the decision to Granlatte (leader of the Granarolo group) which a few weeks ago has brought the price of milk supplied by farmers at 51.5 euros per quintalwhich will rise to 52 euros in June.
A choice, he explained Simona Caselliformer councilor for agriculture of Emilia Romagna and today at the helm of the Granlatte group as president, who intends recognize the increase in costs of production supported by farmers.
Milk in Europe
Moving your gaze to the European scenariothe price of milk started to go down in January and continued in February (last survey) to place itself in average at 46.4 euros per quintal, very high price distant from that detected inlast yearwhen in February prices, although decreasing, reached 53.3 euros per quintal.
A 13% drop which contrasts with the contemporary increase in production costs.
Better situation however, it is encountered in the progress of some dairy productsas highlighted in the following table, drawn up by the European Commission.
In fact, he gains positions butter (+1.3%) and the milk powder whole (+2.2%). Even better Cheddarreference cheese in international trade (+0.9%).
World markets
That there is on the dairy products market “movement” this is confirmed by the table which examines the main ones global producersEurope, USA and Oceania.
Butter, milk powder and cheddar are all with the plus sign in front of.
Only in Europe is there a negative figure for the Cheddarthan in the USA “fly” with an increase of 9% achieved in just two weeks.
All eyes on the cheeses
The trend of the dairy products market must be carefully observed, taking into account that the most of the milk produced in Italy, but also in Europe, it is destined for transformation.
The cheese prices therefore significantly influence the trend of milk prices.
In many cases, as in cooperation but not only, the price paid to farmers derives directly from what is achieved with the processed products.
In Italy the Grana Padano can rightly be considered among the most important cheeses and thanks to its large reference area, which includes numerous regions of the North, collects there most of the milk that is produced there.
The good price performance of this cheese, as can be seen from the following graph, developed by Ismea, could be the basis for restore tone also at the milk market.
Average weekly prices of Grana Padano aged 12-15 months (Source: Ismea)
Grana Padano is growing
Speaking of Grana Padano, recently Consortium Assembly of Tutela the president Renato Zaghiniat the end of his mandate, took stock of the situation, highlighting the production growth and in particular the good results on theexport.
The sales achieved on foreign marketsequal to 1.95 billion euros, has in fact reached e passed the one on internal marketwhich stops at 1.65 billion.
Compared to 2022 the growth registered in 2023 is equal to 16% and the successes of Grana Padano are a strong one support to the milk market, favoring a price recovery without which it is difficult for many farms to make ends meet.
