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Whole Milk Powder (wmp) Price Trend and Forecast

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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

whole milk powder (wmp) Price Trends by Country

usUnited States
nzNew Zealand
deGermany

Global whole milk powder (wmp) Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Whole Milk Powder (WMP) price assessment:

  • Fat Content: 26% (Powder) (Germany), Germany
  • Fat Content: 26% (Powder) (New Zealand), New Zealand
  • Fat Content: 26% (Powder) (USA), USA

Whole Milk Powder (WMP) Price Trend Q3 2025

In the third quarter of 2025, the global Whole Milk Powder (WMP) market saw a substantial decline, with overall price changes from 1-7%. Prices fell slightly in Germany as inventories increased and demand in the region softened, showing some signs of stabilization in an uncertain market. In New Zealand, prices showed on a significant decline due to weakening demand in key Asian markets owing to concerns of economic slowdown and growing competition, leading to a material price correction. In the US market, prices declined significantly due to oversupply amid seasonal production and lackluster global trade. Despite some regional orders, suppliers remained very cautious; inventory levels continued to increase, and market power was shifting toward the buyer.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q3 2025, the Whole Milk Powder price trend in the USA showed a modest quarter-on-quarter rise of 0.54%. Prices ranged from USD 4330 to 4840 per metric ton. However, despite this slight quarterly increase, September 2025 witnessed a sharp 7.43% price drop, highlighting significant volatility. This price weakness was driven by ample supply resulting from increased seasonal milk production alongside slowing global demand exacerbated by economic headwinds. Regional market operations remained cautious, with buyers taking a conservative approach focused on inventory management amid heightened price sensitivity. Competition from other major producers grew stronger, increasing pressure on US prices.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

In Q3 2025, Whole Milk Powder in price in New Zealand reversed sharply, declining by 7.05%. Prices ranged from USD 3750-4065 per metric ton, with September 2025 experiencing a steep 6.16% drop. The sharp decline reflected slackening export demand from major Asian destinations amid economic slowdown concerns, coupled with increased competition from other exporters entering the market. Seasonal production increases also contributed additional supply, intensifying downward pressure. Despite improvements in supply chain logistics, the market moved into a corrective phase after sustaining prior gains, indicating that pricing is heavily sensitive to global demand fluctuations.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

In the third quarter of 2025, the price trend for Whole Milk Powder in Germany eased, reflecting a slight decrease of 1.10%. Whole Milk Powder prices ranged from USD 4730-5140/MT, with prices in September 2025 indicative of a slight 0.13% rebound in Germany, demonstrating signs of stabilization in the market. The easing trend reflected replenished inventories and some softening in regional demand as alternate dairy products continued to pressure buying interest. While the rate of decline softened, production remained steady, limiting further price declines. The latest price trend in Germany reflected a market moving toward a healthy supply-demand balance after some volatility in previous quarters.

Whole Milk Powder (WMP) Price Trend Analysis: Q2 2025

In Q2 2025, the global Whole Milk Powder (WMP) market showed mixed but generally steady movements, with price changes across major producing countries ranging roughly between declines of around 3% to gains of over 7%. Germany experienced a strong price rebound driven by firm global demand and tight supply conditions, supported by heightened international buying amid low inventories.

New Zealand saw a moderate price increase due to disciplined production and solid export demand, aided by improved logistics and cautious buyer activity amid geopolitical and currency fluctuations. Conversely, the USA market softened with a slight overall decline but showed pockets of recovery late in the quarter as inventory pressures eased and export demand from key Asian markets improved. Overall, the quarter reflected a landscape of cautious optimism with markets balancing supply constraints, cost pressures, and evolving global trade dynamics.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

In Q2 2025, Whole Milk Powder price in Germany recovered strongly, recording a 7.53% increase over Q1. Prices traded within USD 4925-5135 per metric ton, with a moderate 2.84% gain in June 2025, the. The increase was supported by firm global demand and ongoing supply tightness in major producing regions. The price trend was influenced by intensified buying activity from international markets where inventories remained low. Seasonal production schedules and higher feed costs kept pressure on supply, while rising input costs were passed through to prices. The market demonstrated renewed optimism as buyers anticipated further price strength in the second half of the year. This quarter pressured supply-demand fundamentals in favor of sellers, reinforcing an upward trend in the Whole Milk Powder price trend in Germany.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

In Q2 2025 the Whole Milk Powder price in New Zealand increased 4.10%, with prices fluctuating between USD 4065 and 4390 per metric ton. June 2025, posted a 1.63% price rise, reflecting steady market demand. The upward trend was driven by moderate supply discipline amid higher feed and input costs, supporting producer margins and curbing overproduction. Export demand remained firm but selective, with buyers responding to geopolitical concerns and currency movements influencing trade flows. Improved logistics allowed smoother delivery schedules, helping maintain price stability. This quarter’s price trend painted a cautiously optimistic picture as the market balanced supply growth with solid external demand, preparing for seasonal production changes in the next quarter.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q2 2025, the Whole Milk Powder prices in the USA declined further by 3.06%, although prices fluctuated between USD 4450 and 4810 per metric ton. June 2025, the last month, posted a 4.62% gain, signaling pockets of recovery amidst overall market softness. The moderate uptick was supported by easing inventory pressures and improved demand from key Asian export markets. Inflation-driven production cost increases persisted, but better logistics and currency stability helped to facilitate regional market activity. Buyers cautiously increased their purchases, mindful of ongoing economic and geopolitical risks. Overall, the quarter showed tentative signs of stabilization following prior declines, emphasizing the importance of careful balance between supply availability and demand recovery for the US Whole Milk Powder market.

In Q1 2025, the global Whole Milk Powder (WMP) market experienced a varied but generally subdued movement, with overall price changes ranging from a decline of around 1% to a gain of approximately 7%. Prices from Germany showed a slight dip due to lingering inventory levels and global trade factors, but the market remained resilient amid supply constraints. New Zealand’s prices continued to rise, driven by limited off-season production and strong export demand from Asia, supported by rising feed and input costs.

Conversely, the USA faced a notable decline driven by oversupply from seasonal production, weak exports, and currency volatility, which created a cautious environment. Overall, the price range demonstrated a complex balance between supply stabilization, global demand fluctuations, and geopolitical influences, shaping a market that was cautious yet resilient in this initial quarter of the year.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

In Q1 2025, the Whole Milk Powder price trend in Germany experienced a slight dip of 1.38%, with prices ranging from USD 4515 to 4840 per metric ton. Despite this quarterly decline, prices jumped 10.07% in March 2025, driven largely by renewed global demand and restocking activities following quieter early months. Supply side disruptions in some exporting countries, combined with logistical constraints, put upward pressure later in the quarter. Additionally, increased inflation in some key markets encouraged buyers to secure supplies in advance. The mixed movement reflected a transitional market balancing lingering inventory levels with strong seasonal demand signals, resulting in price volatility. The price trend in Germany depicted a complex interplay of supply constraints and global trade factors shaping the market outlook for the year.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

In Q1 2025, the Whole Milk Powder price in New Zealand sustained its upward trajectory, increasing by 7.49% from the previous quarter. Prices ranged between USD 3845 and 4200 per metric ton, with March 2025, recording a 1.49% increase. Firm pricing was supported by continued limited production during the off-season and elevated export demand from Asia, especially China and Southeast Asia. Rising production and feed costs were passed through to buyers, maintaining price support. The market showed resilience despite global economic uncertainties, with buyers restocking to secure supplies amidst fears of future tightness. The price trend reflected a well-balanced dynamic where supply constraints met with firm export interest, resulting in sustained price growth and positive market sentiment entering the year.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q1 2025, the Whole Milk Powder price in the USA experienced a marked decline of 6.05%. Prices ranged between USD 4485 and 5010 per metric ton, with March 2025reflecting a more pronounced 4.95% price drop. The decline was largely due to increased seasonal production leading to oversupply and higher inventory levels, which pressured wholesale prices downward. Export demand, particularly from Asia, remained weak amid continuing economic slowdowns and currency volatility. Meanwhile, domestic consumption stayed relatively flat, as processors cautiously reduced purchases amid uncertain price trends. The bearish environment underscored the challenges faced by producers and exporters in managing supply amid subdued global trade and economic uncertainty, necessitating prudent inventory management and strategic market positioning.

Whole Milk Powder (WMP) Price Trend Analysis: Q4 2024

In Q4 2024, Whole Milk Powder (26% fat content) prices experienced moderate fluctuations across key producing regions, with quarter-on-quarter changes ranging from about 1% to 13%. Price increases were primarily driven by seasonal supply tightening, strong international demand recovery, and adjustments in production outputs, which helped support upward momentum in some markets. Conversely, mild price declines occurred where supply conditions improved, buyer activity became more cautious, and the market sought stabilization after previous steep increases.

Seasonal weather patterns, such as colder temperatures, boosted domestic consumption in certain areas but also increased risk aversion among buyers, limiting speculative purchases. Additionally, factors like rising input costs, global economic uncertainties, and shifting demand patterns contributed to the overall price dynamics. These combined influences resulted in a complex yet generally balanced environment where supply and demand aligned more closely, reflecting gradual normalization after periods of volatility and signaling a market in transition heading into the new year.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

In Q4 2024, the Whole Milk Powder prices in Germany continued to advance but with less intensity, recording a 3.63% rise compared to Q3. Prices fluctuated between USD 4595 and 4880, while December 2024 saw a mild 1.49% decline, suggesting price corrections as market supply conditions normalized. Producers began to replenish inventories and deliveries stabilized due to improved production outputs from key regions offsetting previous shortages. Buyer activity was more measured, balancing concerns about year-end demand and price sustainability into the new year. Seasonal factors played a crucial role, with cold weather boosting domestic consumption but risk aversion limiting speculative buying. Overall, the price trend reflected gradual market stabilization after the prior quarter’s steep increases.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

The Whole Milk Powder price trend in New Zealand rebounded significantly in Q4 2024, with an impressive 12.99% increase quarter-on-quarter. Prices ranged from USD 3505 to 3975 per metric ton, and in December 2024, prices rose by 4.39%, underscoring the strengthened market conditions. This sharp rise was supported by seasonal production declines as the country moved into winter, tightening available volumes. Additionally, improving global demand from recovering economies and supply disruptions due to adverse weather boosted suppliers’ pricing power. Increased input costs also played a role in underpinning prices. This quarter’s price trend demonstrated the impact of seasonal supply tightening combined with robust international demand recovery, leading to strong upward momentum for New Zealand’s Whole Milk Powder market.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q4 2024, the Whole Milk Powder price in the USA softened, recording a 1.27% decline compared to the previous quarter. Prices ranged from USD 4920 to 5200 per metric ton, with December 2024, experiencing a 1.69% decrease. This minor correction was driven by seasonal production increases, which alleviated previous tight supply conditions. International demand from Europe and Asia softened amid global economic uncertainties, and increased competition from other dairy-exporting regions weighed on prices. Domestic buyers adopted a cautious stance, delaying purchases while awaiting clearer signals from the market. Overall, the price trend reflected a transition period where supply and demand sought equilibrium, with slowly building inventories and muted trade activity influencing the market dynamics.

In Q3 2024, Whole Milk Powder (26% fat content) prices showed a mixed but overall moderate upward trend across major producing regions, with quarter-on-quarter changes ranging between approximately 1% and 12%. Prices in some markets rose notably due to strong export demand, seasonal production constraints, and reduced inventories, which created tightening supply conditions. Meanwhile, other regions experienced mild price declines as steady production and ample supply eased pressure, combined with subdued buyer interest influenced by global economic slowdowns and increased competition.

Rising input also affected pricing dynamics, adding pressure to margins without dampening overall demand in key export markets. The quarter’s price movements reflected a balancing act between supply shortages and demand fluctuations, with buyers adjusting their purchasing behavior ahead of seasonal shifts, leading to higher price volatility and cautious market sentiment overall.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

In Q3 2024, the Whole Milk Powder prices in Germany marked a robust increase, with prices jumping 12.62% quarter-on-quarter to between USD 4225 and 4975 per metric ton. The last month of September 2024 recorded a solid 3.46% price increase, underscoring sustained buying interest and tightening global supplies. The strong upward trend was driven by growing export demand amid seasonal production constraints in major dairy-producing regions. Reduced inventories and increased feed costs also pressured prices higher. This quarter demonstrated how supply shortages, combined with demand expansion from key export destinations, can sharply push price trends upward. Germany’s market faced higher price volatility as buyers competed to secure available stocks ahead of the typically slower fourth quarter.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

In Q3 2024, the Whole Milk Powder price in New Zealand edged down by 0.90%, with prices trading between USD 3130 and 3460 per metric ton. In September 2024, prices declined further by 2.53%, reflecting ongoing market softness. Supply conditions remained ample due to steady production levels typical of the growing season, putting downward pressure on prices. International demand continued to be muted, particularly from Asian and European buyers facing economic slowdown and inventory replenishment delays. Intensifying competition from other dairy exporters added further resistance to price recovery. The price trend during this quarter highlighted a cautious market environment marked by moderate oversupply and subdued buyer enthusiasm, as the industry awaited clearer signals on global economic recovery.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q3 2024, the Whole Milk Powder prices in the USA advanced by 5.25%, with prices between USD 4960 and 5330 per metric ton. September 2024 saw a notable 4.25% price increase, further underscoring market strength. Export demand from Asia and the Middle East remained robust, supporting price gains despite higher domestic milk production easing supply tightness somewhat, which resulted in moderate inventory accumulation. Rising production costs squeezed margins but did not deter buyers, who replenished stocks in preparation for the colder months ahead. This price trend reflected a well-balanced marketplace fueled by dynamic demand and evolving supply patterns amid a landscape of operational challenges and cost pressures.

In Q2 2024, Whole Milk Powder (26% fat content) prices saw modest but impactful movement across major producing regions, with quarter-on-quarter changes ranging between about 1% and 5%. The overall price trend reflected cautious optimism as supply conditions gradually stabilized following seasonal fluctuations, particularly after the winter period. Demand from both domestic and export markets improved moderately, encouraging buyers to replenish inventories in anticipation of further price strength.

However, in some areas, softer international demand and economic uncertainties, including inflation and trade tensions, tempered the extent of price gains. Production remained steady or increased in key regions, balancing supply and maintaining moderate price volatility. This quarter highlighted a market adjusting to evolving global economic and geopolitical factors, where buyers and producers navigated risks carefully, resulting in a measured but positive recovery phase supported by improved demand-supply equilibrium.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

The Whole Milk Powder price in Germany in Q2 2024 saw a modest 0.75% increase from Q1, with prices trading between USD 3870 and 4220 per metric ton. In June 2024, prices rose by 2.32%, signaling improved market confidence. This upward price trend was primarily driven by easing supply constraints as production norms stabilized following the winter period. At the same time, stronger demand from both domestic food manufacturers and export markets enhanced buying momentum. Market players responded to this improved outlook by replenishing stocks, hoping to capitalize on expected future price gains. This quarter’s price trend highlighted a cautious but optimistic recovery phase supported by better demand-supply balance and favorable external market conditions.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

In Q2 2024, the Whole Milk Powder price in New Zealand increased modestly by 1.06%, with prices ranging between USD 3205 and 3475 per metric ton. June 2024 experienced a 5.07% price decline, continuing the trend of softening prices. Market sentiment was influenced by a combination of abundant production following the spring flush and softer demand from key export markets due to global economic caution. While production remained stable, buyers adopted a more defensive approach, focusing on inventory management amid growing uncertainties. International demand weakened, with macroeconomic and trade tensions dampening purchasing activity. The overall price trend in this quarter reflected a market struggle to sustain gains made earlier in the year, with supply-demand imbalances driving downward pressure through the period.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q2 2024, the Whole Milk Powder prices in the USA continued their upward momentum, rising by 5.31% quarter-on-quarter, with prices ranging from USD 4725 to 5020 per metric ton. June 2024 saw a steady 2.37% increase, demonstrating sustained market strength. Export demand remained firm, although challenges such as inflation, global economic uncertainties, and currency fluctuations created some headwinds. Domestic processors increased purchases to replenish inventories ahead of expected seasonal supply constraints. Despite improved demand, existing inventory from prior months limited further sharp price appreciation. The overall market sentiment was one of cautious optimism, with both producers and buyers carefully managing risk amid macroeconomic concerns while benefiting from steady growth in consumption.

In Q1 2024, Whole Milk Powder (26% fat content) prices across major producing regions showed varied but generally moderate changes within a range of about 1% to 9% quarter-on-quarter. Some markets experienced price increases driven by tight domestic supplies, robust export demand, and production constraints typical of the winter season. However, these gains were tempered by seasonal rises in local production, cautious buyer behavior, and broader economic uncertainties, including currency fluctuations and logistical challenges.

Price trends reflected a market balancing supply stability against softening international demand, resulting in noticeable but contained volatility. Producers and buyers navigated these mixed signals by adjusting inventories carefully, demonstrating cautious optimism. Overall, the quarter highlighted a dynamic environment where supply-demand fundamentals, seasonal factors, and economic conditions collectively influenced modest price movements.

Germany

Whole Milk Powder (WMP) (Fat Content: 26%) prices from Germany.

In Q1 2024, the Whole Milk Powder price in Germany showed a slight increase of 0.88% compared to the previous quarter, with prices ranging from USD 3920 to 4180 per metric ton. Despite this mild growth, prices dropped by 4.61% in the last month, March 2024. This decline was linked to shifting market dynamics such as lower-than-expected export demand and the usual seasonal uptick in local supplies that eased pressure on prices. Additionally, currency fluctuations and cautious buyer sentiment contributed to price moderation. The overall price trend in Germany during this quarter reflected a market cautiously balancing between supply stability and softer international demand, resulting in minor volatility as participants adjusted inventories ahead of subsequent quarters.

New Zealand

Whole Milk Powder (WMP) (Fat Content: 26%) prices from New Zealand.

In Q1 2024, the Whole Milk Powder price in New Zealand demonstrated a strong increase of 8.90% compared to the previous quarter, with prices fluctuating between USD 3165 and 3465 per metric ton. Despite the overall quarterly gain, prices declined sharply by 5.61% in the last month, March 2024, reflecting a complex market environment. Early in the quarter, tight global supply and increased demand from major importers boosted prices significantly. However, the seasonal rise in local milk production and cautious buyer behavior amid uncertain economic signals led to the softening observed in March. Additional factors, such as logistical challenges and currency volatility, contributed to pressure on pricing. This quarter’s price trend highlighted pronounced volatility as New Zealand’s dairy market balanced between supply scarcity and seasonal production rebounds entering the spring period.

USA

Whole Milk Powder (WMP) (Fat Content: 26%) prices from USA.

In Q1 2024, the Whole Milk Powder prices in the USA experienced a robust increase of 6.22% compared to the previous quarter. Prices fluctuated between USD 4485 and 4765 per metric ton, with March 2024, the last month of the quarter, posting a modest 2.28% rise. The strong performance was supported by tight domestic supplies and strong export orders, particularly from growing Asian markets. Seasonal winter production constrained milk availability, which bolstered price levels despite some inventory buildup. Rising input costs, including feed and energy, combined with inflationary pressures, further strengthened producer pricing power. Despite global economic uncertainties, the market-maintained resilience, reflecting cautious optimism among buyers and sellers adjusting their strategies to shifting demand-supply fundamentals during the early part of the year.

Technical Specifications of Whole Milk Powder (wmp) Price Trends

Product Description

Whole Milk Powder is produced from fresh cow’s milk through a spray-drying process that preserves its natural creaminess and nutritional value. It contains all the essential nutrients of liquid Milk, including proteins, calcium, and vitamins, offering a rich flavor and smooth texture when reconstituted. This Powder is commonly used in dairy products, confectionery, bakery goods, and ready-to-drink formulations due to its excellent solubility and shelf stability.

Identifiers and Classification:

  • HS Code: 0402.21 (or sometimes 0402.29, depending on fat content and packaging)


Whole Milk Powder Synonym:

  • Full-cream milk powder
  • Whole dried milk
  • Whole powdered milk
  • Full-fat milk powder
  • WMP


Whole Milk Powder Grades Specific Price Assessment:

Whole Milk Powder Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 15-20 MT
  • Packaging Type (Product & Country Specific): Bags(25Kg)


Incoterms Referenced in Whole Milk Powder Price Reporting

Shipping Term  Location  Definition 
Regional (Germany)  Germany  Whole Milk Powder Regional price from Germany 
Regional (New Zealand)  New Zealand  Whole Milk Powder Regional price from New Zealand 
Regional (USA)  USA  Whole Milk Powder Regional price from USA 

*Quotation Terms refers to the quantity range specified for the Whole Milk Powder being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Whole Milk Powder packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Whole Milk Powder Manufacturers and their brands

Brand Name  Manufacturer 
Nido, Everyday  Nestlé S.A. (Switzerland) 
Aptamil  Danone S.A. (France) 
Anlene  Fonterra Co-operative Group Ltd. (New Zealand) 
Friso, Dutch Lady, Milner  Royal FrieslandCampina N.V. (Netherlands) 
Amul  Gujarat Cooperative Milk Marketing Federation (Amul) (India) 
Président, Parmalat  Groupe Lactalis S.A. (France) 
Friso, Dutch Lady  Royal FrieslandCampina N.V. (Netherlands) 

Whole Milk Powder (wmp) Industrial Applications

Historically, several events have caused significant fluctuations in Whole Milk Powder (wmp) prices

Why PriceWatch?

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In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence whole milk powder (wmp) prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely whole milk powder (wmp) market data.

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Whole Milk Powder (wmp) Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for whole milk powder (wmp). PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.
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