Milk Powder (SMP)
Skimmed Milk Powder (SMP) is produced by removing water and fat from pasteurized milk, yielding a shelf-stable protein ingredient with less than 1.5% fat. It is used in reconstituted milk, bakery products, confectionery, and infant formula. New Zealand's GDT auction is the key price discovery mechanism.
- Low Heat
- Medium Heat
- High Heat
- Instant
- CIF
- CFR
- FOB
Milk Powder (SMP), in brief.
- Common origins
- New Zealand
- European Union
- United States
- Australia
- Belarus
- Common destinations
- China
- Southeast Asia
- Middle East
- Africa
- Mexico
- Grades and specifications
- Low Heat
- Medium Heat
- High Heat
- Instant
- Incoterms
- CIF
- CFR
- FOB
- Unit of measure
- Metric Tons
What moves Milk Powder (SMP) pricing
Skim milk powder prices via the GDT (Global Dairy Trade) auction held bi-weekly: Fonterra (NZ) is the dominant seller. EEX (European Energy Exchange) SMP futures provide forward price discovery for European-origin powder. Chinese infant formula demand, Algerian state tenders, and Mexican state buyer (Liconsa) decisions move global pricing. EU intervention stocks have historically capped European SMP.
How Milk Powder (SMP) cargoes are priced and settled
Cargoes: 25 kg bags in 20-tonne or 25-tonne container loads. Pricing per metric tonne against GDT or EEX. Letter of credit standard for emerging-market buyers; open account for established Asian importers.
Milk Powder (SMP) specifications and dispute practice
Specs: protein min 34%, fat max 1.25%, moisture max 4%, scorched particles (Class A or B), bacterial count, antibiotics. Disputes turn on heat treatment classification (low-heat for cheese, medium-heat, high-heat for confectionery) and on antibiotic residue findings in destination testing.
Where Milk Powder (SMP) comes from and where it goes
Top exporters: New Zealand, EU (Germany, France, Netherlands, Belgium, Ireland), US. Top importers: China, Algeria, Indonesia, Mexico, Philippines, Vietnam. EU export refunds have been removed; competitiveness now depends on raw-milk pricing relative to NZ Farmgate Milk Price.
Who trades Milk Powder (SMP)?
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Related market pages.
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