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

2,0002,5003,0003,5002025-04 · € 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 · € 3,247 · 1,582 mt · 12 trades2026-10 · € 3,513 · 2,868 mt · 29 trades3,5132025-042025-092026-012026-052026-10EUR/MT
2026-10
Weighted average€ 3,513
High€ 3,810
Low€ 3,325
Executed trades29
Volume2,868 mt
2,0003,0003,51320262026-10EUR/MT
2026-10
Weighted average€ 3,513
High€ 3,810
Low€ 3,325
Executed trades29
Volume2,868 mt
Traded price, volume-weightedVolume traded287 trades

Latest trades

DatePrice / mtVolumeOrigin
9 Jul 2026€ 2,66596 mtGB
9 Jul 2026€ 2,615200 mtFR
9 Jul 2026€ 2,68025 mtBE
9 Jul 2026€ 2,58072 mtGB
8 Jul 2026€ 2,625100 mtNL
8 Jul 2026€ 2,53581 mtFR
6 Jul 2026€ 3,04066 mtNL
2 Jul 2026€ 2,62578 mtFR
All market dataWhat milk is worth as this

Import & export

Skimmed milk powder

August 2026
  • Exports · last 12 months

    875 kt +19.8%

  • Imports · last 12 months

    49 kt +17.8%

8.75 kt8.75 kt45 kt45 kt81 kt81 ktSept 2024Mar 2025Sept 2025Mar 2026Aug 2026
Aug 2026
Exports70 kt
Imports3.29 kt
ExportsImports
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Whole milk powder

August 2026
  • Exports · last 12 months

    186 kt +8.8%

  • Imports · last 12 months

    15 kt −10.8%

1.77 kt1.77 kt10 kt10 kt18 kt18 ktSept 2024Mar 2025Sept 2025Mar 2026Aug 2026
Aug 2026
Exports14 kt
Imports0.62 kt
ExportsImports
Open the full trade ledger