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World: WPC and SMP Prices

This page compares prices recorded for Skimmed Milk Powder (SMP) in Germany, Oceania and the US with prices recorded for Whey Protein Concentrate Powder (WPC containing 34% dried protein) in the US (Central and West) over a given time period.

WPC (Whey Protein Concentrate) powder comes from concentration of the whey protein content via a membrane separation process (Ultrafiltration - UF).

We have highlighted the comparison between SMP and WPC because Whey Protein Concentrate Powder (WPC-34%) is frequently used in both the food (e.g. ice-cream) and livestock (e.g. calf feed) sector to partially replace skimmed milk powder (SMP).

Comparison of the respective prices can offer a key interpretation of the trends reported. We should also remember that price trends for Whey Protein Concentrate Powder (WPC) are influenced by the skimmed milk powder (SMP) market prices.

The largest WPC-producing countries in Europe are France, Germany and Holland.
 
Germany
Magermilchpulver
ADPI-Extra * (€/tons)
Month 2019 2020 2021 ± on prev.
month. 		± % from
2020
January 1.893 2.623 2.255 +1,46% -14,01%
February 1.963 2.603  
March 1.958 2.386  
April 1.944 1.978  
May 2.085 2.020  
June 2.094 2.183  
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 2.255
Variazione¹ % +41,98% +4,03% -14,01%
Last Update:13-01-2021
1) change from the same period of previous year
*: Prices VAT excluded FOB ex-works
Consult weekly wholesale prices
Source: ZMP; since May 6,2009 "Süddeutsche Butter - und Käsebörse eV, Kempten"
 
Oceania
Skim Milk Powder 1.25%
butterfat (SMP) * (€/tons)
Month 2019 2020 2021 ± on prev.
month. 		± % from
2020
January 2.083 2.724 2.520 +5,83% -7,46%
February 2.242 2.756  
March 2.296 2.487  
April 2.278 2.385  
May 2.290 2.322  
June 2.119 2.306  
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 2.520
Variazione¹ % +38,75% +4,34% -7,46%
Last Update:08-01-2021
1) change from the same period of previous year
*: Consult fortnightly wholesale prices
Source: USDA AMS Dairy Markets News
 
 
US
Whey Protein Concentrate (WPC) * 
(€/tons)
Month 2019 2020 2021 ± on prev.
month. 		± % from
2020
January 1.723 1.985 1.704 +1,78% -14,15%
February 1.745 2.051  
March 1.759 2.030  
April 1.774 2.048  
May 1.788 1.947  
June 1.801 1.837  
July 1.824 1.723  
August 1.877 1.599  
September 1.893 1.587  
October 1.899 1.649  
November 1.912 1.697  
December 1.954 1.675  
Average 1.829 1.819 1.704
Variazione¹ % +23,63% -0,56% -14,15%
Last Update:15-01-2021
1) change from the same period of previous year
*: Consult weekly wholesale prices
Source: USDA AMS Dairy Market News
 
US - Domestic Market
Nonfat Dry Milk * 
(€/tons)
Month 2019 2020 2021 ± on prev.
month. 		± % from
2020
January 1.879 2.492 2.064 +2,13% -17,17%
February 1.927 2.457  
March 1.888 2.199  
April 1.937 1.797  
May 2.040 1.804  
June 2.039 1.976  
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 2.064
Variazione¹ % +38,31% -1,85% -17,17%
Last Update:15-01-2021
1) change from the same period of previous year
*: Low Medium Heat (SMP) Mostly
Consult weekly wholesale prices
Source: USDA AMS Dairy Market News