Price-Watch’s most active coverage of Skimmed Milk Powder (SMP) price assessment:
- Fat Content: 1% – 1.25% (Powder) (Medium Heat) (Germany), Germany
- Fat Content: 1% – 1.25% (Powder) (Medium Heat) (New Zealand), New Zealand
- Fat Content: 1% – 1.25% (Powder) (Medium Heat) (India), India
Skimmed Milk Powder (SMP) Price Trend Q3 2025
In Q3 2025, Skimmed Milk Powder prices declined moderately across key markets, with decreases generally between 2-4%. Germany saw a notable price drop driven by weaker buyer interest, intensified export competition, and a seasonal rebound in Milk supply that increased availability. Inflationary pressures led domestic processors to scale back orders, contributing to price softness. New Zealand experienced a sharper decline, reflecting weakening international demand, inventory adjustments, and economic uncertainties that pressured suppliers’ pricing power. Similarly, India’s market faced challenges from volatile buyer sentiment, though a slight price increase at quarter-end indicated tentative stabilization.
Germany
Skimmed Milk Powder (SMP) (Fat Content: 1% – 1.25% (Medium Heat)) prices from Germany.
In Q3 2025, Skimmed Milk Powder price in Germany contracted 2.47%, with prices in a range between USD 2655-2865. The month of September 2025 saw a sharper price decrease of 4.27%, reflecting diminished buyer interest and pronounced market uncertainty. Supply volumes declined as competition intensified from alternate global suppliers, and alternative protein sources gained traction amid health trends. Domestic processors reduced order volumes in response to inflationary pressures affecting consumer spending. Milk supply rebounded seasonally, increasing market availability and contributing to price weakness. The quarter highlighted a cooling demand environment and ongoing supply adjustments, underscoring the fragility of SMP pricing in the face of global economic and trade challenges.
New Zealand
Skimmed Milk Powder (SMP) (Fat Content: 1% – 1.25% (Medium Heat)) prices from New Zealand.
New Zealand skim milk powder prices fell by 3.36% throughout Q3 2025 traded within USD 2600-2850. Rapid declines indicated softening international demand, with heightened inventory adjustments amid competitive pressure from international suppliers. The month of September 2025 saw declines of 5.72 % for Skimmed Milk Powder in New Zealand. Demand has been met with economic uncertainties, currency volatility, and evolving buyer preferences, all contributing to lower export volumes and hesitation to buy. The decline in price trend of Skimmed milk powder reflected a larger theme for suppliers in New Zealand, and perhaps further afield, focused on pricing power and markets in more complicated and price sensitive international markets. The quarter further demonstrated volatility in global dairy markets, and the importance of managed supplies and diversifying market outlets.
India
Skimmed Milk Powder (SMP) (Fat Content: 1% – 1.25% (Medium Heat)) prices from India.
In Q3 2025, the price of Skimmed Milk Powder fell by 3.78% in India and ranged within the USD 2670-2935 range per metric ton in July and August. September 2025, the last month of the quarter, showed a small rise of 1.47% in Skimmed Milk powder prices in India. Some localized upticks in demand and cautious orders with restocking/just in time from buyers provided some temporary price support. Broad economic uncertainty remained; volatility remained, and competition from imports also persisted. Although demand showed minor signs of improvement, growth remains tentative, with suppliers searching for margins and volatility from buyers. Overall, the quarter continued to show a fragile market, balancing cautious optimism and persistent headwinds.

