Milk Powder producers — Atlas Tradex

Rank	Country	Production (MT)	Share %	Notes
1	New Zealand	0	30	Dominant exporter of whole milk powder via Fonterra and other co-ops, with milk highly geared toward export powder production and pricing centered on GDT auctions.[5][6]
1	USA	1,166,000	24.7
2	India	629,155	13.3
3	United States	0	15	Major SMP exporter; exports tightened global SMP supply in early 2026 with an estimated 50,000 MT decline in shipments, impacting international prices.[4][8]
3	New Zealand	390,000	8.3
4	Australia	0	5	Smaller but significant exporter, with milk powder output sensitive to seasonal pasture conditions and competition from cheese/butter streams.[5]
4	Germany	347,780	7.4
5	Argentina	0	4	Key South American exporter of WMP and SMP, with exports influenced by currency dynamics and domestic policy on export taxes and quotas.[5]
5	France	293,670	6.2

Major importers

European Union Large SMP and WMP producer with exports driven by surplus milk and CAP-influenced production, supplying a wide spread of markets in MENA, West Africa, and Asia.[5][8]
China Large domestic milk powder producer but structurally net importer; recent drought and production declines have tightened local supply and lifted demand for imported WMP.[2]