USDA South America Skim Milk Powder 11/20 11:05

AMS_1041 MARS

Skim Milk Powder - South America

Released on November 20, 2025

Skim milk powder (SMP) prices are unchanged for week 47. SMP production 
schedules are on the light end despite seasonally stronger farm level milk 
output and healthy fat component levels. Skim and whole milk powder 
manufacturers are opting to utilize more of the cream in milk loads by 
primarily focusing production schedules on whole milk powder. CLAL.it data 
shows mixed price movements for South American SMP since October and higher 
prices for 2025 compared to prices in 2024. SMP production and exports for 
Argentina and Uruguay are up for 2025. SMP imports for Brazil are up for 2025. 
Manufacturers generally have extremely tight spot load inventories, but there 
is some availability on the market.

Prices for: South America, All First Sales, Free on Board - Port, Edible Skim 
Milk Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2900 - 3900


Information for the period November 10 - 21, 2025, issued biweekly

Secondary Sourced Information:

N/A

[0600059B]