Prices of skimmed milk powders
The graph outlines, in the given period, the comparison between the wholesale price of SMP in some selected countries (USA, Germany, Oceania).

To note that following the peak of the prices in 2001, mainly owing to the progressive shortage of stocks (EU 2000-2001), and the further growth in consumption by some countries such as Middle East countries, the Philippines, etc. (generally countries producing oil), now the wholesale price of SMP in the mentioned countries is fairly the same. Such trend being the result of the progressive cut of EU refunds (this policy supports the export prices) and of the signing of multinational agreements in the frame of the WTO.

Additional considerations on this interesting topic may be made:
  • with regard to Poland,(formerly a Peco-Country that in 2004 joined the EU25, a country usually producing milk in excess compared to domestic consumption), the trend of wholesale price of SMP has recently reached the price levels of SMP produced in Germany, although Poland is not yet using the Euro currency. To note that the European price of SMP is growing steady and becoming at similar level in the EU countries.
  • the currency exchange rate Euro/Dollar (€/$) and the trade policy of the US Government (DEIP) could also affect the USA SMP price.
Generally the wholesale price changes of SMP could be also affected by:
  • the stocks in the EU, USA,...;
  • the "intervention prices" fixed by the EU;
  • the quantity production by the leading producer continent of powders (SMP and WMP): Oceania (New Zealand and Australia);
  • Argentina steadily expanding its exports and thus becoming increasingly important player in the international market.

World - Comparative historical overview of
Skim Milk Powder (SMP) prices in recent years

Germany
Magermilchpulver ADPI-Extra * (€/tons)
Month 2011 2012 2013 ± % from 2012
January 2.365 2.351 2.681 +14,04%
February 2.681 2.305 2.658 +15,29%
March 2.770 2.114 2.666 +26,14%
April 2.388 1.995 3.035 +52,13%
May 2.400 2.005 3.193 +59,27%
June 2.425 2.104  
July 2.356 2.210  
August 2.261 2.416  
September 2.319 2.668  
October 2.366 2.737  
November 2.331 2.695  
December 2.328 2.650  
Average 2.416 2.354 2.847
Change¹ % +9,74% -2,56% +20,92%
Last Update: 2013-05-22
1) change from previous year
*: Prices VAT excluded FOB ex-works
Consult weekly wholesale prices
Source: ZMP; since May 6,2009 "Süddeutsche Butter - und Käsebörse eV, Kempten"
 
USA - Domestic Market
Nonfat Dry Milk * (€/tons)
Month 2011 2012 2013 ± % from 2012
January 2.125 2.371 2.567 +8,28%
February 2.472 2.247 2.508 +11,59%
March 2.497 2.140 2.533 +18,37%
April 2.400 2.044 2.695 +31,84%
May 2.473 1.909 2.858 +49,71%
June 2.509 2.017  
July 2.490 2.178  
August 2.330 2.400  
September 2.377 2.588  
October 2.336 2.536  
November 2.315 2.589  
December 2.348 2.566  
Average 2.389 2.299 2.632
Change¹ % +20,29% -3,78% +14,50%
Last Update: 2013-05-24
1) change from previous year
*: Low Medium Heat (SMP) Mostly
Consult weekly wholesale prices
Source: USDA AMS Dairy Market News
 
Oceania
Skim Milk Powder * (€/tons)
Month 2011 2012 2013 ± % from 2012
January 2.635 2.661 2.607 -2,04%
February 2.820 2.584 2.614 +1,18%
March 2.837 2.441 2.996 +22,74%
April 2.566 2.295 4.117 +79,43%
May 2.688 2.200 3.641 +65,52%
June 2.775 2.266  
July 2.707 2.296  
August 2.533 2.400  
September 2.521 2.579  
October 2.409 2.624  
November 2.520 2.624  
December 2.590 2.584  
Average 2.633 2.463 3.195
Change¹ % +11,79% -6,48% +29,73%
Last Update: 2013-05-24
1) change from previous year
*: 1.25 Butterfat
Consult fortnightly wholesale prices
Source: USDA AMS Dairy Market News