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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 29/06/2022 4.130 €/tons
 
US 01/07/2022 3.828 €/tons
 
Oceania 24/06/2022 4.098 €/tons
Month 2020 2021 2022 ± on prev.
month.
± % from
2021
January 2.623 2.298 3.490 +5,12% +51,90%
February 2.603 2.398 3.701 +6,05% +54,38%
March 2.386 2.478 4.006 +8,23% +61,66%
April 1.978 2.535 4.299 +7,31% +69,58%
May 2.020 2.603 4.188 -2,59% +60,90%
June 2.183 2.613 4.150 -0,90% +58,82%
July 2.172 2.521  
August 2.119 2.518  
September 2.195 2.676  
October 2.213 2.909  
November 2.180 3.160  
December 2.223 3.320  
Average 2.241 2.669 3.972
Variazione¹ % +4,03% +19,09% +59,70%
Last Update:29-06-2022
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 2020 2021 2022 ± on prev.
month.
± % from
2021
January 2.492 2.092 3.326 +7,20% +58,98%
February 2.457 2.077 3.573 +7,42% +72,02%
March 2.199 2.142 3.705 +3,68% +72,96%
April 1.797 2.206 3.717 +0,33% +68,45%
May 1.804 2.401 3.676 -1,09% +53,13%
June 1.976 2.373 3.843 +4,53% +61,96%
July 1.951 2.312 3.828 -0,39% +65,55%
August 1.820 2.345  
September 1.920 2.462  
October 2.101 2.721  
November 2.025 3.017  
December 2.021 3.103  
Average 2.047 2.438 3.667
Variazione¹ % -1,85% +19,09% +64,50%
Last Update:01-07-2022
1) change from the same period of previous year
*: Low Medium Heat (SMP) Mostly
Source: USDA AMS Dairy Market News
 
Month 2020 2021 2022 ± on prev.
month.
± % from
2021
January 2.724 2.622 3.413 +3,62% +30,13%
February 2.756 2.653 3.616 +5,96% +36,29%
March 2.487 2.822 4.131 +14,24% +46,37%
April 2.385 2.862 4.204 +1,78% +46,88%
May 2.322 2.890 3.947 -6,11% +36,59%
June 2.306 2.897 4.046 +2,50% +39,65%
July 2.367 2.735  
August 2.365 2.604  
September 2.407 2.637  
October 2.502 2.891  
November 2.364 3.161  
December 2.382 3.293  
Average 2.447 2.839 3.893
Variazione¹ % +4,34% +16,02% +39,47%
Last Update:24-06-2022
1) change from the same period of previous year
*: 1.25 Butterfat
Source: USDA AMS Dairy Market News