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World: Prices of skimmed milk powders (SMP)
The graph outlines, in the given period, the comparison between the wholesale price of SMP in some selected countries (USA, Germany, Oceania).

To consult the main trade markets for SMP, please visit the section dedicated to the Dairy World Trade (DWT).
Skimmed Milk Powder Production (SMP)
20172018201920202021202220232024
Country tons ('000)tons ('000)± %tons ('000)± %tons ('000)± %tons ('000)± %tons ('000)± %tons ('000)± %tons ('000)± %
European Union 1.371,6 1.368,0 -0,26% 1.349,3 -1,37% 1.378,9 +2,19% 1.292,5 -6,27% 1.307,0 +1,12% 1.237,9 -5,28% 1.247,4 +0,77%
United States* 832,5 806,3 -3,15% 839,6 +4,14% 885,4 +5,44% 928,5 +4,87% 886,9 -4,48% 847,5 -4,45% 756,9 -10,69%
Australia 186,9 200,7 +7,38% 158,8 -20,88% 155,2 -2,26% 146,6 -5,53% 137,2 -6,42% 70,1 -48,90% 42,8 -38,91%
New Zealand 402 410 +1,99% 375 -8,54% 362 -3,47% 330 -8,84% 390 +18,18% 390 +0,00% 425 +8,97%
Argentina 45,7 40,6 -11,14% 45,1 +11,24% 52,5 +16,27% 54,9 +4,69% 51,4 -6,49% 32,8 -36,06% 36,2 +10,10%
Turkey 87,7 63,2 -27,92% 66,5 +5,18% 69,5 +4,45% 86,1 +23,92% 89,2 +3,65% 67,7 -24,18% 76,9 +13,70%
Japan 121,6 120,0 -1,30% 130,5 +8,74% 140,0 +7,25% 154,9 +10,67% 158,1 +2,07% 144,3 -8,74% 153,0 +6,03%
Source: Eurostat, Dairy Australia, FAS-USDA, Subsecretaría de Lechería - Ministerio de Agroindustria, National Agricultural Statistics Service, Turkstat, MAFF
*SMP + NDM
Germany 01/04/2026 2.790 €/tons
 
US 27/03/2026 3.599 €/tons
 
Oceania 27/03/2026 2.985 €/tons
Month 2024 2025 2026 ± on prev.
month. 		± % from
2025
January 2.576 2.504 2.099 +2,05% -16,18%
February 2.543 2.486 2.365 +12,69% -4,88%
March 2.466 2.470 2.674 +13,05% +8,25%
April 2.374 2.426 2.790 +4,35% +15,00%
May 2.419 2.405  
June 2.485 2.430  
July 2.385 2.376  
August 2.441 2.403  
September 2.608 2.279  
October 2.541 2.164  
November 2.603 2.101  
December 2.600 2.057  
Jan-Apr 2.490 2.472 2.482
Change¹ % -3,00% -0,72% +0,42%
Average 2.499 2.346
Change¹ % -0,01% -6,10%
Last Update:01-04-2026
1) change from the same period of previous year
The monthly, cumulative and annual prices are arithmetic averages calculated on the basis of the weekly prices
*: Prices VAT excluded FOB ex-works
Source: ZMP; since May 6,2009 "Süddeutsche Butter - und Käsebörse eV, Kempten"
  min price
  max price
 
Month 2024 2025 2026 ± on prev.
month. 		± % from
2025
January 2.411 2.920 2.268 +5,07% -22,31%
February 2.462 2.747 2.915 +28,52% +6,12%
March 2.395 2.395 3.316 +13,75% +38,43%
April 2.343 2.248  
May 2.314 2.350  
June 2.415 2.413  
July 2.397 2.364  
August 2.451 2.412  
September 2.655 2.291  
October 2.736 2.167  
November 2.862 2.179  
December 2.919 2.159  
Jan-Mar 2.422 2.687 2.833
Change¹ % -6,60% +10,94% +5,42%
Average 2.530 2.393
Change¹ % +5,22% -5,43%
Last Update:27-03-2026
1) change from the same period of previous year
The monthly, cumulative and annual prices are arithmetic averages calculated on the basis of the weekly prices
*: Low Medium Heat (SMP) Mostly
Source: USDA AMS Dairy Market News
  min price
  max price
 
Month 2024 2025 2026 ± on prev.
month. 		± % from
2025
January 2.402 2.702 2.180 +1,09% -19,32%
February 2.512 2.812 2.456 +12,65% -12,67%
March 2.457 2.686 2.881 +17,31% +7,27%
April 2.399 2.604  
May 2.405 2.622  
June 2.502 2.481  
July 2.435 2.365  
August 2.358 2.514  
September 2.507 2.261  
October 2.567 2.249  
November 2.710 2.231  
December 2.730 2.157  
Jan-Mar 2.457 2.734 2.506
Change¹ % -7,51% +11,27% -8,33%
Average 2.492 2.484
Change¹ % +0,39% -0,30%
Last Update:31-03-2026
1) change from the same period of previous year
The monthly, cumulative and annual prices are arithmetic averages calculated on the basis of the weekly prices
*: 1.25 Butterfat
Source: USDA AMS Dairy Market News
  min price
  max price
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