Skim milk powder prices climbed in October, driven by robust import demand and constrained prompt shipment availability. Competition from higher‑value dairy protein producers further tightened supply, supporting the upward trend.
Global skimmed milk powder prices climbed to their highest level since 2022, driven by strong demand from Asian buyers. The rise is expected to continue into early 2027, supporting higher SMP prices.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Skim Milk Powder (SMP) | European Union | EXW | USD 3,822.07/MT | October 2026 |
| Skim Milk Powder (SMP) | India | CIF | USD 3,608.21/MT | October 2026 |
| Skim Milk Powder (SMP) | China | CIF | USD 3,621.20/MT | October 2026 |
| Skim Milk Powder (SMP) | Australia | CIF | USD 3,634.71/MT | October 2026 |
| Skim Milk Powder (SMP) | Germany | CIF | USD 3,629.79/MT | October 2026 |
| Skim Milk Powder (SMP) | European Union | EXW | USD 3,592.17/MT | September 2026 |
| Skim Milk Powder (SMP) | India | CIF | USD 3,436.39/MT | September 2026 |
| Skim Milk Powder (SMP) | China | CIF | USD 3,432.42/MT | September 2026 |
| Skim Milk Powder (SMP) | Australia | CIF | USD 3,445.22/MT | September 2026 |
| Skim Milk Powder (SMP) | Germany | CIF | USD 3,411.46/MT | September 2026 |
Stay updated with the latest Skim Milk Powder (SMP) prices, historical data, and tailored regional analysis
In the European Union, the average price of Skim Milk Powder (SMP) was ~USD 3,128.81/MT (EXW) in July and ~USD 3,323.01/MT in August, showing a ~6.2% increase. In Germany, average import prices held steady at approximately USD 3,158.76/MT (CIF) and Australia's average price was about USD 3,250.21/MT (CIF) during the first two months of Q3’26. The quarter began on a weak note, with prices in New Zealand falling sharply in early July. Sentiment turned in August. In the US, inventories became very tight as plants focused their dryers on certain grades, and strong domestic and export demand pushed prices higher through September. Prices in New Zealand also rose firmly in August and held at higher levels into September, helped by strong global demand for milk powders. In Europe, export demand was the key driver, with SMP shipments to non-EU countries up 11% in the first five months of the year, led by strong growth to Egypt and Indonesia. Higher milk collections and weaker Chinese imports limited further gains.
Analyst Insight
According to Procurement Resource, in the near term, SMP prices are likely to stay firm on tight supply and strong export demand, though rising milk output may limit further increases.
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In the European Union, the average price of Skim Milk Powder (SMP) stood at ~USD 3,141/MT (EXW) in June. European SMP conditions softened toward the end of Q2 as seasonal milk production improved and processors maintained sufficient powder availability. Food manufacturing and export demand provided support, but buyers resisted aggressive restocking as expectations of better supply increased. The average price of Skim Milk Powder (SMP) in China came in at ~USD 3,235/MT (CIF) in June. Chinese conditions also became softer as greater domestic milk processing reduced reliance on imported powder. According to USDA, China’s SMP production was forecast at 75,000 MT in 2026, while imports were expected at 195,000 MT, pointing to improving local availability and weaker import requirements. Demand from bakery and food applications remained supportive, but softer infant-formula consumption and cautious distributor purchasing limited stronger market momentum.
Skim Milk Powder or skimmed milk powder is extracted by eliminating water from pasteurised skim milk (fat-free milk). It is made up of 5% or less moisture (by weight) and 1.5% or less milkfat (by weight) along with a minimum milk protein content of around 34%. Skim Milk Powder has been categorised for use as an ingredient based on the heat treatment process utilised during its manufacture.
Confectionaries, Baby food, Bakery, Chocolates, Cream Cheese
Powdered milk, Dried milk, Non-fat dry milk
Arla Foods Amba, Dairy Farmers of America Inc, Nestlé SA, Danone S.A, Westland Milk Products
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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In this process, pasteurised non-fat skimmed milk is concentrated in an evaporator, reducing the content to almost 50% milk solids. The concentrated milk obtained in the previous step is then sprayed into a heated chamber, almost instantly evaporating the water content and leaving behind fine powdered particles of milk solids.
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