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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 2017 2018 2019 ± on prev.
month. 		± % from
2018
January 2.124 1.374 1.893 +9,60% +37,74%
February 2.005 1.368 1.963 +3,70% +43,51%
March 1.814 1.305 1.958 -0,25% +50,00%
April 1.728 1.328 1.944 -0,69% +46,44%
May 1.855 1.501 2.085 +7,25% +38,91%
June 2.013 1.600 2.094 +0,42% +30,86%
July 1.844 1.524 2.079 -0,70% +36,44%
August 1.794 1.597 2.121 +2,03% +32,83%
September 1.669 1.668 2.203 +3,83% +32,08%
October 1.565 1.591 2.383 +8,20% +49,78%
November 1.501 1.626 2.523 +5,85% +55,11%
December 1.438 1.727 2.615 +3,67% +51,45%
Average 1.779 1.517 2.155
Variazione¹ % -1,93% -14,72% +42,02%
Last Update:11-12-2019
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 2017 2018 2019 ± on prev.
month. 		± % from
2018
January 2.268 1.476 2.083 +19,10% +41,08%
February 2.272 1.573 2.242 +7,64% +42,53%
March 2.105 1.537 2.296 +2,43% +49,37%
April 1.830 1.577 2.278 -0,79% +44,43%
May 1.807 1.748 2.290 +0,52% +31,03%
June 1.864 1.807 2.119 -7,45% +17,27%
July 1.826 1.739 2.244 +5,89% +29,09%
August 1.693 1.741 2.345 +4,51% +34,69%
September 1.645 1.784 2.395 +2,10% +34,20%
October 1.588 1.756 2.469 +3,12% +40,61%
November 1.508 1.796 2.695 +9,15% +50,06%
December 1.470 1.749 2.783 +3,26% +59,15%
Average 1.823 1.690 2.353
Variazione¹ % +1,07% -7,27% +39,22%
Last Update:06-12-2019
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 2017 2018 2019 ± on prev.
month. 		± % from
2018
January 1.924 1.316 1.723 +0,73% +30,88%
February 2.042 1.292 1.745 +1,27% +35,02%
March 2.004 1.247 1.759 +0,80% +41,03%
April 1.937 1.260 1.774 +0,89% +40,84%
May 1.828 1.386 1.788 +0,78% +28,99%
June 1.770 1.495 1.801 +0,73% +20,48%
July 1.713 1.528 1.824 +1,28% +19,37%
August 1.596 1.552 1.877 +2,89% +20,95%
September 1.532 1.603 1.893 +0,85% +18,05%
October 1.512 1.660 1.899 +0,32% +14,42%
November 1.468 1.704 1.912 +0,70% +12,18%
December 1.398 1.711 1.935 +1,22% +13,15%
Average 1.727 1.480 1.828
Variazione¹ % +27,71% -14,32% +23,52%
Last Update:13-12-2019
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 2017 2018 2019 ± on prev.
month. 		± % from
2018
January 2.145 1.256 1.879 +6,05% +49,67%
February 2.029 1.283 1.927 +2,52% +50,13%
March 1.785 1.255 1.888 -1,99% +50,44%
April 1.710 1.318 1.937 +2,56% +46,90%
May 1.763 1.525 2.040 +5,33% +33,80%
June 1.821 1.546 2.039 -0,06% +31,86%
July 1.714 1.458 2.039 +0,02% +39,81%
August 1.674 1.605 2.048 +0,46% +27,63%
September 1.615 1.651 2.105 +2,78% +27,50%
October 1.530 1.682 2.273 +7,94% +35,08%
November 1.434 1.741 2.391 +5,21% +37,31%
December 1.347 1.772 2.455 +2,70% +38,56%
Average 1.714 1.508 2.085
Variazione¹ % +2,37% -12,03% +38,29%
Last Update:13-12-2019
1) change from the same period of previous year
*: Low Medium Heat (SMP) Mostly
Consult weekly wholesale prices
Source: USDA AMS Dairy Market News