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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.
Germany 25/03/2020 2.245 €/tons
 
US 27/03/2020 2.109 €/tons
 
Oceania 27/03/2020 2.494 €/tons
Germany
Magermilchpulver ADPI-Extra * (€/tons)
Month 2018 2019 2020 ± on prev.
month. 		± % from
2019
January 1.374 1.893 2.623 +0,61% +38,57%
February 1.368 1.963 2.603 -0,76% +32,61%
March 1.305 1.958 2.386 -8,31% +21,90%
April 1.328 1.944  
May 1.501 2.085  
June 1.600 2.094  
July 1.524 2.079  
August 1.597 2.121  
September 1.668 2.203  
October 1.591 2.383  
November 1.626 2.523  
December 1.727 2.607  
Average 1.517 2.154 2.537
Variazione¹ % -14,72% +41,98% +30,95%
Last Update:25-03-2020
1) change from the same period of previous year
*: Prices VAT excluded FOB ex-works
Source: ZMP; since May 6,2009 "Süddeutsche Butter - und Käsebörse eV, Kempten"
 
US - Domestic Market
Nonfat Dry Milk * (€/tons)
Month 2018 2019 2020 ± on prev.
month. 		± % from
2019
January 1.256 1.879 2.492 +1,27% +32,58%
February 1.283 1.927 2.457 -1,39% +27,52%
March 1.255 1.888 2.199 -10,51% +16,44%
April 1.318 1.937  
May 1.525 2.040  
June 1.546 2.039  
July 1.458 2.039  
August 1.605 2.048  
September 1.651 2.105  
October 1.682 2.273  
November 1.741 2.391  
December 1.772 2.460  
Average 1.508 2.086 2.382
Variazione¹ % -12,03% +38,31% +25,52%
Last Update:27-03-2020
1) change from the same period of previous year
*: Low Medium Heat (SMP) Mostly
Source: USDA AMS Dairy Market News
 
Oceania
Skim Milk Powder * (€/tons)
Month 2018 2019 2020 ± on prev.
month. 		± % from
2019
January 1.476 2.083 2.724 +1,36% +30,77%
February 1.573 2.242 2.756 +1,18% +22,92%
March 1.537 2.296 2.487 -9,75% +8,30%
April 1.577 2.278  
May 1.748 2.290  
June 1.807 2.119  
July 1.739 2.244  
August 1.741 2.345  
September 1.784 2.395  
October 1.756 2.469  
November 1.796 2.695  
December 1.749 2.687  
Average 1.690 2.345 2.655
Variazione¹ % -7,27% +38,75% +20,32%
Last Update:27-03-2020
1) change from the same period of previous year
*: 1.25 Butterfat
Source: USDA AMS Dairy Market News