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

2,0002,2502,5002,7503,0002025-01 · € 2,900 · 601 mt · 12 trades2025-02 · € 2,439 · 883 mt · 8 trades2025-03 · € 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 trades2,6472025-012025-052025-102026-022026-07EUR/MT
2026-07
Weighted average€ 2,647
High€ 3,040
Low€ 2,535
Executed trades9
Volume766 mt
2,0002,5003,0002,64720262026-07EUR/MT
2026-07
Weighted average€ 2,647
High€ 3,040
Low€ 2,535
Executed trades9
Volume766 mt
Traded price, volume-weightedVolume traded262 trades

Latest trades

DatePrice / mtVolumeOrigin
9 Jul 20262,66596 mt
9 Jul 20262,615200 mtFR
9 Jul 20262,68025 mt
9 Jul 20262,58072 mt
8 Jul 20262,625100 mt
2 Jul 20262,62578 mtFR
1 Jul 20262,56048 mtFR
17 Jun 20262,450100 mt2 origins
All market dataWhat milk is worth as this

Import & export

Skimmed milk powder

May 2026
  • Exports · last 12 months

    832 kt +15.7%

  • Imports · last 12 months

    46 kt +14.7%

8.34 kt42 kt76 ktJun 2024Dec 2024Jun 2025Dec 2025May 2026
May 2026
Exports81 kt
Imports3.65 kt
ExportsImports
Open the full trade ledger

Whole milk powder

May 2026
  • Exports · last 12 months

    179 kt −5.4%

  • Imports · last 12 months

    13 kt −20.9%

1.78 kt10 kt19 ktJun 2024Dec 2024Jun 2025Dec 2025May 2026
May 2026
Exports18 kt
Imports1.63 kt
ExportsImports
Open the full trade ledger