Get the latest insights on price movement and trend analysis of Skim Milk Powder (SMP) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Skim Milk Powder (SMP) Price Trend for the H1 of 2023
The price trends for Skim Milk Powder (SMP) observed bearish sentiments throughout the first half of 2023, especially in the European region. Prices for Skim Milk Powder (SMP) remained on a declining trajectory and continued to fall throughout the said period. The primary region for the decline in prices was reduced consumption.
A considerable decline in Skim Milk Powder (SMP) consumption has been noticed in countries like USA, Europe, and China; the majority reduction has been contributed by restaurants. The ease in freight and supply amidst declined consumption caused Skim Milk Powder (SMP) prices to fall further. Fluctuations in dollar rates in the international market also manipulated the export sentiments for Skim Milk Powder (SMP).
According to the Procurement Resource, Skim Milk Powder (SMP) prices are likely to fall in the coming quarter given the reduced demand and over-stocked inventories.
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.
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.
|Product Name||Skim Milk Powder (SMP)|
|Industrial Uses||Confectionaries, Baby food, Bakery, Chocolates, CreamCheese|
|Synonyms||Powdered milk, Dried milk, Non-fat dry milk|
|Supplier Database||Arla Foods Amba, Dairy Farmers of America Inc, Nestlé SA, Danone S.A, Westland Milk Products|
|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.
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.
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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