Procurement Resource Evaluates the Price Trends of SMP in its Latest Insights and Dashboard
Price Trends of SMP in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the SMP price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of SMP can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
By removing the water from pasteurised skim milk, skim milk powder or skimmed milk powder is obtained (fat-free milk). It has a minimum of 34 percent milk protein and no more than 5 percent moisture (by weight), 1.5 percent milkfat, and no more than 5 percent milkfat. Based on the heat treatment method used during its manufacturing, skim milk powder has been categorised for usage as an ingredient.
Also Check SMP Production Cost Report – https://www.procurementresource.com/production-cost-report-store/smp
Regions Covered to Evaluate SMP Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting SMP Price Trend:
The market for skimmed milk powder is primarily driven by the expanding food sector, and in particular, bread and confectionery products. To increase the tenderness of foods like doughnuts, cakes, and bread, manufacturers add skimmed milk powder in baking recipes. By adding skimmed milk powder, baked goods and confections might lose their hardness and become more tender. The growing demand for skimmed milk powder for feeding infants is another factor driving the market. Mothers rely on skimmed milk powder for their infants who are unable to breastfeed because of its nutritional value, which includes vitamins and minerals necessary for a baby’s growth.
Key Market Players:
- Arla Foods Amba
- Dairy Farmers of America Inc.
- Nestlé SA
- Danone S.A.
- Westland Milk Products
News and Events:
By the end of the first quarter of 2022, the price range for skim milk powder (SMP) in Western Europe had increased. As anxiety increased due to a shortage of SMP supply, the market was described as being in a tight mood. The production was almost entirely committed. As a result, the supply of SMPs was constrained among producers. Making matters worse, several customers started to worry more and more about the situation in Ukraine and the unknown consequences for upcoming purchases. So many buyers made earlier and larger than normal attempts to lock in SMP. The price of SMP in the third week of March ranged from 4.250 to 4.475 USD/MT.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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