Dairy milk sales in the US are recovering after years of decline, driven in part by lower milk prices that drew cost-conscious consumers back from plant-based alternatives. Growing consumer focus on protein content and ingredient transparency is further supporting demand for dairy over plant-based options.
The UN FAO Food Price Index recorded a second consecutive monthly increase in August 2026, with the dairy sub-index rising on higher milk powder and cheese prices. The broader index reached its highest level since late 2022, reflecting sustained upward pressure on dairy commodity prices globally.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Skim Milk Powder (SMP) | European Union | EXW | USD 3,128.81/MT | July 2026 |
| Skim Milk Powder (SMP) | India | CIF | USD 3,241.88/MT | July 2026 |
| Skim Milk Powder (SMP) | China | CIF | USD 3,222.93/MT | July 2026 |
| Skim Milk Powder (SMP) | Australia | CIF | USD 3,250.21/MT | July 2026 |
| Skim Milk Powder (SMP) | Germany | CIF | USD 3,158.76/MT | July 2026 |
| Skim Milk Powder (SMP) | European Union | EXW | USD 3,141.12/MT | June 2026 |
| Skim Milk Powder (SMP) | India | CIF | USD 3,253.26/MT | June 2026 |
| Skim Milk Powder (SMP) | China | CIF | USD 3,234.57/MT | June 2026 |
| Skim Milk Powder (SMP) | Australia | CIF | USD 3,262.60/MT | June 2026 |
| Skim Milk Powder (SMP) | Germany | CIF | USD 3,171.12/MT | June 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) 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.
Analyst Insight
According to Procurement Resource, SMP prices are expected to remain stable to slightly soft as seasonal milk availability improves, while steady food-processing demand should prevent a sharper decline.
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In Q1 2026, SMP markets strengthened across major regions, though the drivers varied. Asia saw firmer sentiment as Oceania export availability tightened and North Asian buying supported nearby shipments, while Southeast Asian buyers remained active but selective. Europe moved upward as sellers reported stronger routine business and buyers focused on prompt coverage, with production meeting current demand but not creating excess supply. North America also firmed as nonfat dry milk availability stayed tight in parts of the quarter, despite steady milk production, because processors directed milk solids toward higher-protein dairy products. The Iran war did not directly affect raw milk supply, but it raised freight, fuel, drying, and packaging risks. Chemical container exports from the US Gulf Coast rose 12.0% in March, while 20.0% surge capacity was available for disruptions, showing broader logistics stress.
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
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
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