Insights
Fat filled powder market is expected to recover
After some 18 months of month over month increases in EU exports of fat filled milk powder (FFMP) to Africa, volumes started to decline after June 2022. Fat filled milk powder is mostly sold to price sensitive markets and in the second half of this year buyer resistance because of the record high price levels grew. How will FFMP trade develop in 2023?
FFMP is a cheap alternative for non-skimmed or whole milk powder (WMP), containing vegetable fats like palm oil instead of milk fat. The EU started monitoring trade of this product group since 2020. This allows us to draw some interesting conclusions on volume growth, origins and destinations in this growing category.
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