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The New Zealand WMP price had its third consecutive decline in August. The monthly average price drop confirmed
that buyers were waiting for New Zealand WMP prices to return to more affordable levels before committing to
purchases, thus impacting demand levels. Therefore, the August average price of New Zealand WMP stood at USD
3,824/MT, down 13.6% m-o-m and down 5.9% y-o-y.
Dairy
Whole milk powder
19WMP EU - EUR/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
2,600
3,000
3,400
3,800
4,200
4,600
5,000
5,400
J118 - WMP spray exw EU (MBP)
The EU WMP price dropped to a five-month low. Despite this fall, EU prices remain above many other
international market prices. The European WMP market remained quiet during August, as most buyers had already
covered their summer requirements and buying activity was subdued by high prices. The August average Mintec
Benchmark Price of EU WMP reached EUR 4,824/MT, down by 2.9% m-o-m, but up by 53.8% y-o-y.
WMP NZ - USD/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
2,500
3,000
3,500
4,000
4,500
5,000
NZD3 - WMP ave fob NZ
Register now Wed 26th Oct 2022 10am EST
What impact has recent volatility
had on dairy prices and what is
next for the market?
UPCOMING WEBINAR