Product
Anhydrous Milk Fat Price Trends and Forecast
Anhydrous Milk Fat Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Anhydrous Milk Fat in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Anhydrous Milk Fat Price Trends for the Second Half of 2022
Asia
H2 2022 witnessed very mixed price trendss for anhydrous milk fat. Despite being the biggest producer in the world, India’s dairy imports are on the rise. The milk and related product prices in the Indian market remained anchored. H2 2022 closed with somewhat stagnant price patterns.
Europe
Europe faced the worst economic crisis in 2022. The Russia-Ukraine war impacted the economy and purchasing powers of individuals. Energy prices and the cost of living skyrocketed. Anhydrous milk fat remained on an upward trajectory. Q3 continued to witness a steep rise in Anhydrous milk fat prices whereas trendss improved a little in Q4 as supply chains normalized, but still, the prices remained high comparatively.
North America
With high rising inflation and declining milk production rate, the anhydrous milk fat price trendss in North America remained high. The year-on-year milk production in the USA has been on a decline, so lesser supplies, high inflation, and sustained demand kept the price trendss for anhydrous milk fat afloat. As the year-end approached, improved connectivity called for some low-rising peaks in the prices of anhydrous milk fat.
Analyst Insight
According to Procurement Resource, the anhydrous milk fat is going to show a mixed price trends, considering the rising consumption and equally stagnant production. Hence, the prices are expected to remain high swinging.
Anhydrous Milk Fat Price Trends For the First Half of 2022
Asia
The price of anhydrous milk fat remained strong during the first quarter in the Asia-pacific region. In January, the prices averaged 6668 USD/MT and reached the highest levels in March, averaging 7111 USD/MT owing to the soaring commodities prices due to the Russia- Ukraine conflict. The trade bottlenecks, supply-side constraints, and thinning inventories supported the higher prices. However, the prices began to stabilize, registering a slight decline. The cost of anhydrous milk fat went from 6802 USD/MT in May to 5913 USD/MT in June 2022. This decline resulted from the market’s demand destruction amid abnormal inflation.
Europe
The Russian invasion of Ukraine created huge volatility in the European market with strong reverberations across the milk sector. Farmgate milk prices went from 45.96 Euro/100kg in April to 48.52 Euro/100kg in June 2022. These inflated prices of food and feed impacted the price trendss for anhydrous milk fat resulting in higher prices. The prices of anhydrous milk fat went from 5800 Euro/MT in January to 6981 Euro/MT in June 2022.
North America
The US dairy and allied sectors struggled to maintain a constant supply due to surging feed costs, trade bottlenecks and labour shortages. The butter and farmgate milk prices averaged 6008 USD/MT and 27.30 USD/CWT respectively in June. These high feedstock prices strengthened the prices of anhydrous milk fat in the US domestic market.
Procurement Resource provides latest prices of Anhydrous Milk Fat. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Anhydrous Milk Fat is composed of pure milk fat. A product must contain at least 99.8 % milk fat and be made from fresh cream or butter in order to be called AMF, that is, Anhydrous Milk Fat. A fatty product, AMF is obtained exclusively from milk and/or milk products by means of processes that allow total removal of water as well as non-fat solids. No additive should be added in its production, that is, for neutralisation of free fatty acids and other processes.
Product Details
| Report Features | Details |
| Product Name | Anhydrous Milk Fat |
| Industrial Uses | Recombined milk or dairy products and fractionated milkfats, Blends and spreads, Confectionery and baked goods, Culinary preparations, Processed cheese and cheese milk extension, Ready-to-drink beverages, Ice creams and chocolates |
| Supplier Database | Fonterra Co-operative Group, Dairy Farmers of America Inc, Hilmar Cheese Company, Inc, Lactalis Group, FrieslandCampina, Westland Milk Products, Synlait Ltd. |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Anhydrous Milk Fat via Centrifugation.
In order to produce Anhydrous Milk Fat, melted butter is passed through a centrifuge to get butter oil. This step is followed by the vacuum drying process to finally obtain Anhydrous Milk Fat.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.