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IndexBox published a market forecast for skimmed milk powder covering 2026 to 2035, citing protein-rich food demand as the main growth driver. The report notes world dairy prices fell 1.1% in October 2026 versus September, and projects 2026 world nonfat dry milk ending stocks at 0.469 million tonnes, up 5.6% from 2025.
The projected rise in ending stocks and softer dairy prices point to ample nonfat dry milk supply, which is mildly bearish for milk-based protein ingredients used in feed. The forecast itself is a long-range outlook and does not signal a new supply or demand shock.
indexbox.ioIndexBoxNov 12, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
