A bowl of milk powder with a wooden scoop, bottles of milk, stacked sacks and small bowls of cocoa and feed, a drying tower behind

Powder

A true world-market product, where price is driven by international trade flows, conflicts and FX rates. The swings can look smaller and slower, but the size of the market means they land hard on our partners' positions. A market that asks for a fresh look every day.

Most traded

  1. Skimmed Milk Powder CODEX52,967 mt
  2. Skimmed Milk Powder Non-Standardised16,505 mt
  3. Buttermilk Powder2,595 mt
  4. Full Cream Milk Powder2,118 mt
  5. Sweet Whey Powder1,723 mt
  6. Whey Permeate138 mt

Measured from executed trades since 2022, largest first.

Your broker

Linda den Ruyter

Linda den Ruyter

Powder Broker

Talk to Linda

Recent price action

2,0002,5003,0002025-03 · € 2,425 · 2,817 mt · 21 trades2025-04 · € 2,412 · 921 mt · 4 trades2025-05 · € 2,347 · 1,466 mt · 12 trades2025-06 · € 2,481 · 2,748 mt · 19 trades2025-07 · € 2,253 · 1,341 mt · 17 trades2025-09 · € 2,205 · 2,266 mt · 15 trades2025-10 · € 2,064 · 1,583 mt · 13 trades2025-11 · € 2,116 · 2,744 mt · 15 trades2025-12 · € 1,979 · 601 mt · 6 trades2026-01 · € 2,090 · 2,510 mt · 16 trades2026-02 · € 2,466 · 3,728 mt · 27 trades2026-03 · € 2,695 · 2,818 mt · 22 trades2026-04 · € 2,697 · 3,765 mt · 26 trades2026-05 · € 2,743 · 1,588 mt · 12 trades2026-06 · € 2,122 · 808 mt · 8 trades2026-07 · € 2,647 · 766 mt · 9 trades2026-08 · € 3,046 · 2,504 mt · 25 trades2026-09 · € 3,169 · 587 mt · 4 trades3,1692025-032025-072025-122026-042026-09EUR/MT
2026-09
Weighted average€ 3,169
High€ 3,300
Low€ 3,070
Executed trades4
Volume587 mt
2,0002,5003,0003,16920262026-09EUR/MT
2026-09
Weighted average€ 3,169
High€ 3,300
Low€ 3,070
Executed trades4
Volume587 mt
Traded price, volume-weightedVolume traded271 trades

Latest trades

DatePrice / mtVolumeOrigin
9 Jul 20262,66596 mtGB
9 Jul 20262,615200 mtFR
9 Jul 20262,68025 mtBE
9 Jul 20262,58072 mtGB
8 Jul 20262,625100 mtNL
8 Jul 20262,53581 mtFR
6 Jul 20263,04066 mtNL
2 Jul 20262,62578 mtFR
All market dataWhat milk is worth as this

Import & export

Skimmed milk powder

July 2026
  • Exports · last 12 months

    872 kt +18.6%

  • Imports · last 12 months

    47 kt +14.2%

9.54 kt9.54 kt50 kt50 kt90 kt90 ktAug 2024Feb 2025Aug 2025Feb 2026Jul 2026
Jul 2026
Exports84 kt
Imports5.38 kt
ExportsImports
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Whole milk powder

July 2026
  • Exports · last 12 months

    185 kt +4.2%

  • Imports · last 12 months

    15 kt −14.2%

1.77 kt1.77 kt10 kt10 kt18 kt18 ktAug 2024Feb 2025Aug 2025Feb 2026Jul 2026
Jul 2026
Exports16 kt
Imports1.53 kt
ExportsImports
Open the full trade ledger