Global dairy prices improves at GDT auction on Feb 7th
The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being shown as below. Global dairy trade event 325 results Feb 07 2023 A total volume of 32582 MT…
Amul’s utterly butterly supply melts; eateries switch to alternatives
It is the season of cooking and baking, but with Amul Butter in short supply, consumers aren’t like the cat that got the cream. A shortage only means market shelves without butter on them. “There is a supply-side deficit. We are now able to procure only two packs of butter a day, as opposed to three packs (each containing 30 packets of…
Global dairy price crash bringing focus back to Indian dairy market
Next five months will play a crucial role in the Indian dairy sector. This year saw a phenomenal increase in the price of milk and milk products. The farmers also received the best milk prices for the longest duration. India has already exported more dairy products in the first six months of FY 23 than…
China’s Appetite for Consumer Dairy Products Grows
China’s economic growth has slowed dramatically from pre-pandemic gains as the country continues to implement Covid restrictions. China’s appetite for some dairy products, however, has grown as consumers look to value-added products and the country’s pork industry recovers following devastating outbreaks of African swine fever that began in 2018. According to Sarina Sharp, analyst with…
Exports of Indian dairy products top $500-million mark, hit eight-year high
Indian dairy exports are estimated at an eight-year high in FY22 on strong demand, helped by higher global prices. Provisional data for the first eleven months, from April 2021 to February 2022, indicates that shipments have touched 1.70 lakh tons valued at more than 552 million dollars, a growth of 93% in value and 63%…
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels…
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…
Temples in TN to procure ghee and butter from Aavin only for prasadam
The Hindu Religious and Charitable Endowments (HR and CE) department has directed temples under its purview to procure ghee and butter from Aavin to light lamps and make Neivedhyam (offering for the deities) and prasadam. In an order issued to temple joint commissioners and executive officers, Commissioner J. Kumaragurubaran said that this was to ensure quality of food…