DCA benchmarks: Powder commentary week 17

DCA dairy powder benchmarks faced a sharp increase in week 17 (April 23). Milk powder markets showed mixed dynamics, with SMP prices strengthening for a second consecutive week, while WMP continued to decline. Whey powders maintained a strong upward trend, reaching record levels supported by rising whey protein ingredient demand. FFMP remained stable but slightly below early March levels. Market sentiment was divided: some participants reported firmer conditions and increased buying interest, while others highlighted weak international demand, buyer hesitation at higher SMP prices, and ongoing uncertainty in global trade flows.