The price range for Skim Milk Powder (SMP) in Western Europe had risen towards the end of the first quarter of 2022. The market's mood was described as tight as tension rose from a lack of SMP availability. Almost all of the production had already been committed. As a result, producers had a limited supply of SMPs. To make matters worse, some buyers were becoming increasingly concerned about events in Ukraine and the uncertainty as to whether they would have an impact on future purchases. So many purchasers attempted to lock in SMP in higher amounts and earlier than usual. In the third week of March, SMP price was between 4.250-4.475 USD/MT.
The global skim milk powder market is dominated by North America, followed by Europe. Due to changing consumer food patterns and plentiful milk supply, South Asia and Oceania are likely to be the fastest developing markets.
Procurement Resource provides latest prices of Skim Milk Powder (SMP). 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.
Procurement Resource provides Skim Milk Powder prices for several regions around the globe, which are as follows:
About Skim Milk Powder:
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.
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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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).
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