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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 16/06/2021 2.635 €/tons
 
US 18/06/2021 2.418 €/tons
 
Oceania 11/06/2021 2.897 €/tons
Month 2019 2020 2021 ± on prev.
month.
± % from
2020
January 1.893 2.623 2.298 +3,37% -12,39%
February 1.963 2.603 2.398 +4,35% -7,88%
March 1.958 2.386 2.478 +3,36% +3,84%
April 1.944 1.978 2.535 +2,30% +28,16%
May 2.085 2.020 2.603 +2,66% +28,84%
June 2.094 2.183 2.645 +1,63% +21,19%
July 2.079 2.172  
August 2.121 2.119  
September 2.203 2.195  
October 2.383 2.213  
November 2.523 2.180  
December 2.607 2.223  
Average 2.154 2.241 2.493
Variazione¹ % +41,98% +4,03% +8,44%
Last Update:16-06-2021
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"
 
Month 2019 2020 2021 ± on prev.
month.
± % from
2020
January 1.879 2.492 2.092 +3,53% -16,03%
February 1.927 2.457 2.077 -0,72% -15,46%
March 1.888 2.199 2.142 +3,11% -2,59%
April 1.937 1.797 2.206 +3,02% +22,75%
May 2.040 1.804 2.401 +8,80% +33,10%
June 2.039 1.976 2.382 -0,76% +20,55%
July 2.039 1.951  
August 2.048 1.820  
September 2.105 1.920  
October 2.273 2.101  
November 2.391 2.025  
December 2.460 2.021  
Average 2.086 2.047 2.217
Variazione¹ % +38,31% -1,85% +4,53%
Last Update:18-06-2021
1) change from the same period of previous year
*: Low Medium Heat (SMP) Mostly
Source: USDA AMS Dairy Market News
 
Month 2019 2020 2021 ± on prev.
month.
± % from
2020
January 2.083 2.724 2.622 +10,11% -3,71%
February 2.242 2.756 2.653 +1,17% -3,72%
March 2.296 2.487 2.822 +6,37% +13,48%
April 2.278 2.385 2.862 +1,42% +20,00%
May 2.290 2.322 2.890 +0,96% +24,46%
June 2.119 2.306 2.897 +0,24% +25,63%
July 2.244 2.367  
August 2.345 2.365  
September 2.395 2.407  
October 2.469 2.502  
November 2.695 2.364  
December 2.687 2.382  
Average 2.345 2.447 2.791
Variazione¹ % +38,75% +4,34% +11,80%
Last Update:11-06-2021
1) change from the same period of previous year
*: 1.25 Butterfat
Source: USDA AMS Dairy Market News