Taste of Life: The ‘butter’sweet tale of Poona dairy farm
Butter needed for the coffee shops and regimental messes in the cantonment would be bought from a Parsee dairy in Bombay, before the government dairy farm was set up in Poona in 1890 The foodscape of a city is often a culmination of several events that sometimes take place in parallel or together. Butter needed…
Arguing against free markets is actually disbelieving freedom itself
I have been hearing the seminal quote by Mahatma Gandhi in Indian context that “Mass Production is production by masses” since I started my career in the dairy industry. It’s almost four decades and even today I find most of the policies are oriented towards protecting the farmers. I am unable to decipher at times…
Government may reduce gst in ghee and butter to 5%
The government may propose reducing goods and services tax (GST) on ghee and butter to 5% from the current 12%, according to government documents reviewed by Mint. The plan comes as retail milk prices have risen by 10.1% in a year and 21.9% over the past three years due to higher feed and fodder costs…
GDT price index down over 3% and butter crashed by over 10%
The Global Dairy Trade (GDT) price index has dropped by 3.3% following the latest trading event held earlier today (Tuesday, July 4). The price index now stands at 969, a level last seen in November 2020. Following the previous auction on June 20, the index remained unchanged from the preceding event on June 6, at…
Global dairy price index tumbles down again by 0.9%
Global Dairy Trade Event 333 concluded with the GDT Price Index down 0.9% on June 6th 2023. It has been second consecutive fall by almost the same magnitude of 0.9%. Apart from Cheese which is showing a strong growth no other commodities could impress with prices. Key Results AMF index up 1.8%, average price US$4,728/MT Butter index up…
Butter Prices Rise While Cheese Prices Fall in USA
USDA released their monthly Dairy Products report on Friday with results showing total cheese production at 1.229 billion, down 0.2% vs. last year. American-type cheese production stood at 499 million for March, up 3.2% year-over-year. Butter totaled 205 million, 1.4% stronger compared to the year prior. Nonfat dry milk and skim milk powder production was…
GDT price index posts second increase in a row
The Global Dairy Trade (GDT) price index has reported its second increase in a row following the latest trading event. As a result of trade event 331 held today (Tuesday, May 2), the price index rose by 2.5%. This follows an increase of 3.2% after the previous auction on April 18 , which marked the…
India’s potential dairy fat demand creates uncertainty
According to multiple market sources, India is currently running short of butter and clarified butter (ghee/anhydrous milk fat (AMF)). In a meeting last week, the Indian government announced it was considering whether to import ghee and AMF, or butter. If the government decides to come into the market, then the dairy fat market may find…
India may import butter and ghee through NDDB
The Indian government is considering to allow import of some dairy products such as butter and ghee in limited quantity without any subsidy to improve domestic supply amid apprehensions of a stagnant production of milk with demand surging by 8-10 per cent. Addressing a press conference on Wednesday, Animal Husbandry and Dairy Secretary Rajesh Kumar…
Global SMP and Butter prices falls to Rs 225 and Rs 405 per kg
Third consecutive fall in global price index since February 2023 The global dairy price index has fallen again by 2.6% to reach at a level of USD 3361 per Metric Ton. 148 bidders transacted volumes of 26795MT in the auction held on March 21st 2023 at GDT. The key results are as follows : AMF…