Global Milk Powder Price Analysis Powdered Milk Export Demand Remains Strong Despite Global Dairy Price Declines At the fortnightly Global Dairy Trade (GDT) event held on October 21, the overall dairy price index declined by 1.4%, with the average winning bid price reaching USD 3,881 per metric ton (mt). Among the traded commodities, WMP prices fell by 2.4% to USD 3,610/mt, while SMP prices dropped by 1.6% to USD 2,559/mt. The decline in prices is largely attributed to ample global supply of milk powders. Despite weaker prices, export demand, particularly for Oceania commodities, remained firm, supported by buyers taking advantage of lower price levels. During the GDT auction, North Asia emerged as the largest buyer of WMP, accounting for 58% of total volumes traded, followed by the Middle East at 20%. For SMP, demand was also steady, though prices declined as New Zealand SMP traded at a premium compared to European-origin SMP, making the EU more competitive. The majority of SMP sold at the event was destined for North Asia, followed by Southeast Asia/Oceania and the Middle East. In the EU, WMP demand remains subdued as buyers continue to purchase only for immediate needs. Export interest is limited, prompting sellers to adjust offers to maintain competitiveness. SMP export demand is muted, and inventories are sufficient to meet current contractual obligations. In South America, demand for WMP remains steady, although contractual sales have constrained spot load availability from some producers. Meanwhile, SMP has consistent demand from both spot and contractual buyers. More at: https://trade4go.com/weekly-product-update/w43-2025-milk-powder