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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 23/09/2020 2.200 €/tons
 
US 25/09/2020 1.999 €/tons
 
Oceania 25/09/2020 2.536 €/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 1.978 -17,11% +1,75%
May 1.501 2.085 2.020 +2,12% -3,12%
June 1.600 2.094 2.183 +8,04% +4,24%
July 1.524 2.079 2.172 -0,48% +4,47%
August 1.597 2.121 2.119 -2,45% -0,12%
September 1.668 2.203 2.194 +3,54% -0,40%
October 1.591 2.383  
November 1.626 2.523  
December 1.727 2.607  
Average 1.517 2.154 2.253
Variazione¹ % -14,72% +41,98% +10,57%
Last Update:23-09-2020
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 1.797 -18,25% -7,18%
May 1.525 2.040 1.804 +0,35% -11,58%
June 1.546 2.039 1.976 +9,56% -3,06%
July 1.458 2.039 1.951 -1,29% -4,33%
August 1.605 2.048 1.820 -6,70% -11,15%
September 1.651 2.105 1.920 +5,48% -8,82%
October 1.682 2.273  
November 1.741 2.391  
December 1.772 2.460  
Average 1.508 2.086 2.046
Variazione¹ % -12,03% +38,31% +2,87%
Last Update:25-09-2020
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 2.385 -4,08% +4,71%
May 1.748 2.290 2.322 -2,66% +1,40%
June 1.807 2.119 2.306 -0,69% +8,80%
July 1.739 2.244 2.367 +2,63% +5,45%
August 1.741 2.345 2.365 -0,06% +0,84%
September 1.784 2.395 2.407 +1,78% +0,52%
October 1.756 2.469  
November 1.796 2.695  
December 1.749 2.687  
Average 1.690 2.345 2.458
Variazione¹ % -7,27% +38,75% +9,00%
Last Update:25-09-2020
1) change from the same period of previous year
*: 1.25 Butterfat
Source: USDA AMS Dairy Market News