DCA benchmarks: Powder commentary week 13

Milk powder markets showed mixed movements, with SMP food prices rising slightly while SMP feed and WMP declined, the latter reflecting weakness in the milkfat segment. Despite these weekly fluctuations, milk powders remain significantly higher than last month, although market volatility persists. Meanwhile, whey powder prices have increased across both food and feed segments, supported by competition with SMP for drying capacity and high prices of whey protein concentrates.