The two tenders shortly after each other supported by continued good demand coming from the Middle East could bring these buyers back to the market. Expected volumes remain uncertain.Ī market source stated, “some of our key clients in Southeast Asia have not sourced their usual volumes for H2. Several market sources indicated offer prices for the ONIL tender around $2,800/2,900/mt CFR Algeria. ONIL tenders continue to be a key indicator for international demand, because Algeria is one of the leading consumers and importers of dry milk powder worldwide. The increasing demand for yogurt powder in the food processing and foodservice industry is driving the global yogurt powder market. As expenditure and population grow in Southeast Asia, it is expected that the expenditures on skim milk powder (SMP) will grow. As some Europeans begin their summer holidays, the number of SMP bids and offers are. Skimmed milk powder is the resultant of removing water and milk fat from pasteurized milk. Industry sources suggest that market activity is quiet. Global Skim Organic Milk Powder Market is valued approximately USD 28.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.35 over the forecast period 2019-2026. That said, the movements may be attributed more to changes in the currency exchange rates than in actual price shifts. However, no details surrounding WMP price levels have been reported thus far.ĭuring the last week of the month, the Algerian buying agency, Office National Interprofessional du Lait et de Produtis Laitiers (ONIL) issued a new tender for SMP and WMP, for delivery in Q3. Dairy industries in Southeast Asia are small and produce less than the domestic market demands. SKIM MILK POWDER Prices for European skim milk powder (SMP) moved slightly higher. While SMP volumes were reported to largely come out of Europe and to a smaller extent out of North America, WMP has been reportedly largely supplied out of New Zealand. Closing prices for the tender have been reported as around €2,400/mt CFR Algeria for SMP. Increased Skimmed Milk Powder demand will drive growth expansion for the market segments across the industry. Several market sources indicated that SMP volumes have been largely covered by EU suppliers, while WMP volumes have been split between EU and New Zealand suppliers. This research report indicated that the global Skim Milk Powder (SMP) market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX over the forecast period 2021-2026. Demand is light from Oceania, as loads are moving at a premium to SMP produced in European markets. On Sunday, 30th April, the Soummam tender for a total of 12.5k mt skimmed milk powder (SMP) and whole milk powder (WMP), with delivery starting in Q3 2023, closed. Skim Milk Powder - Oceania Report 25 - Released on J.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |