Skim Milk Powder (SMP) Price History and Forecast Analysis | Procurement Resource
During the first half of 2023, Skim Milk Powder (SMP) experienced a bearish trend in prices, particularly in Europe. The main cause of this price decrease was a decrease in consumption, particularly in the USA, Europe, and China, primarily due to reduced restaurant demand. Moreover, fluctuations in international dollar rates affected export sentiments for SMP. Request for Real-Time Skim Milk Powder (SMP) Prices: https://www.procurementresource.com/resource-center/smp-price-trends/pricerequest Definition Skimmed milk powder (SMP) is a dairy product obtained by removing cream and water from milk, resulting in a powdered form. It has a long shelf life and is utilized as a low-fat milk replacer in various food applications, including bakery, confectionery, and dairy-based beverages, due to its versatility. Key Details About the Skim Milk Powder (SMP) Price Trend: Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and...