Whole Milk Powder (WMP) Price Trend and Forecast

Whole Milk Powder (WMP) Regional Price Overview

Get the latest insights on price movement and trend analysis of Whole Milk Powder (WMP) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Whole Milk Powder Price Trend for Q1 of 2025

In the first quarter of 2025, the price trend for Whole Milk Powder (WMP) was largely influenced by the ongoing uncertainty surrounding global trade tensions and tariff-related disruptions. The U.S. dairy market was still reeling from the threat of tariffs, particularly with the potential for a trade war with Canada and Mexico, which prompted concerns about the stability of dairy exports. Even though no new tariffs were immediately implemented, the threat alone had a chilling effect on the market, causing both domestic and foreign buyers to hesitate in committing to purchases. This caution, paired with a weakening global demand for U.S. milk powder, contributed to a subdued pricing environment.
 

Whole Milk Powder (WMP) Price Chart

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In addition, factors such as a tight supply of milk due to reduced production levels in key regions, like the U.S., continued to add upward pressure on WMP prices. However, the increased competition from other dairy-exporting countries, particularly New Zealand, which saw a rise in skim milk powder values, further complicated the market dynamics. Buyers seemed to be holding back, uncertain about the future impact of tariffs, which limited the market's ability to gain momentum.

Analyst Insight

According to Procurement Resource, the Whole Milk Powder (WMP) market in the coming quarters will likely remain influenced by the status of trade negotiations and the global balance of supply and demand, with potential price recovery contingent on the resolution of tariff issues and production adjustments.
 

Whole Milk Powder Price Trend for the Second Half of 2024

In the second half of 2024, the price trend for Whole Milk Powder (WMP) experienced notable volatility, influenced by varying supply and demand factors across key markets. Global production challenges, including adverse weather conditions and reduced milk output in major dairy-producing countries, put upward pressure on prices.

The market was also impacted by fluctuations in feed costs, which affected overall dairy production. In regions like Europe and North America, milk supply disruptions further contributed to price uncertainty. Despite these challenges, demand for WMP remained relatively stable, driven by its widespread use in food processing and dairy products.

In Asia, countries like China continued to show strong demand for milk-based products, supporting stable prices. Meanwhile, in North America, some fluctuations were observed due to changing production patterns, while in Europe, lower milk yields resulted in tighter supply, pushing prices higher. However, the overall market showed a mixed response, as demand was not consistent across all regions, and logistical disruptions created additional pricing challenges.

Analyst Insight

According to Procurement Resource, the WMP market is expected to face ongoing pressure in the coming months, with price movements largely dependent on production recovery and shifts in global demand patterns.
 

Whole Milk Powder (WMP) Price Trend for the First Half of 2024

In the first half of 2024, whole milk powder (WMP) prices experienced a mixed trend, initially rising for five consecutive Global Dairy Trade (GDT) auctions before dipping in the most recent auction of June’24 by around 2.5%. Despite this recent decline, overall WMP prices remained about 10% above their long-term averages, reflecting robust demand dynamics. Although Chinese buyers pulled back during the latest auction, Southeast Asian and Middle Eastern buyers stepped in, mitigating the impact of the reduced Chinese demand.

Driven by strong demand and supply balance in the global dairy market, the market’s momentum was positive for the most part. The dairy market, in general, was looking upwards throughout the said period. This was greatly influenced by the rising costs of raw material milk amidst rising global consumption. Overall, positive market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, despite recent normalizations, Whole Milk Powder prices are projecting further increases in the coming months driven by a strong supply and demand dynamic.
 

Whole Milk Powder (WMP) Price Trend for the Second Half of 2023
 
Whole Milk Powder (WMP) is directly sourced from milk, so the fluctuations in its feedstock milk prices are directly reflected in the Whole Milk Powder (WMP) prices as well. During the second half of 2023, as per USDA (United States Department of Agriculture), there was a striking shrinkage seen in milk production and production capabilities.

This uplifted the prices for milk and most of its associated products. A reduction in the milk yield of cattle and also in the number of cattle was directly responsible for it. However, a decline in the consumption of milk products was also observed, especially with the rising wave of veganism. That provided some counterbalance to the WMP prices during the said period. Overall, a varying price trajectory was seen in H2’23.

Analyst Insight

According to Procurement Resource, a similar market behavior is anticipated in the Whole Milk Powder (WMP) market in the coming months as well, since not much is changing on the supply and demand sides.
 

Whole Milk Powder (WMP) Price Trend for the First Half of 2023

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Whole milk powder is sourced from milk, so the prices also vary with fluctuations in milk prices. But in H1 2023, dairy consumption played a crucial role in determining Whole Milk Powder’s market behaviour.

In the USA, Whole Milk Powder observed a steady decline throughout both quarters. Prices went from an average of about 4927 USD/MT to around 4343 USD/MT in June 2023, with an approximate decline of about 11% within six months. As all other aspects of the Whole Milk Powder market, like production yield and freight mediums, were still stable, it was the decline in consumption that resulted in these price trend.

Similarly, in the European market, prices were observed to be low swinging. Whole Milk Powder in the German market went from an average of about 4199 USD/MT at the beginning of Q1 to around 3795 USD/MT by the end of Q2 2023.

The price trend for Whole Milk Powder (WMP) in the Asia Pacific region around Oceania were still stable as they fluctuated within a very narrow range. Consumption behaviour didn’t change much here, so stable supply-demand dynamics were observed.

Analyst insight

According to Procurement Resource, the price trend for Whole Milk Powder are expected to remain fluctuating as the uncertain end-consumer demands and consumption levels will likely affect the market.

Procurement Resource provides latest prices of Whole Milk Powder (WMP). 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.