In March 2022, the Whole Milk Powder (WMP) price stood at 4.550 - 4.725 USD/MT in the Oceania region. The upper range pullback was not unexpected, given that Global Dairy Trade (GDT) prices had been steadily advancing for several previous sessions, and a stop was expected, but not necessarily in third week of March. WMP price is expected to stay reasonably stable in the following weeks, according to most Oceania sources. The recent price drop is not seen as the start of a new trend. After a recent run of price rises, it is seen as a breather. Buyers from North and Southeast Asia purchased more than they did at the previous GDT event. Buyers from Africa and the Middle East made fewer purchases.
Procurement Resource provides latest prices of Whole Milk Powder. 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 Whole Milk Powder prices for several regions around the globe, which are as follows:
About Whole Milk Powder:
Whole Milk Powder or WMP is extracted by eliminating water from pasteurised, homogenised whole milk or full cream milk as it is through the process of evaporation and spray drying. Whole Milk Powder possesses all the appealing qualities of fat fitted milk and, in its dry form, it serves as a crucial ingredient in the production of a remarkable and diverse range of dairy products. It is dried grade A milk, ready to re-hydrate with water.
Whole milk, which is the starting material of this production process, is produced from a chain of industrial processes, where pasteurisation plays a major part. In this process, pasteurised whole 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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