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…
Global Dairy Review 2020: Excerpts from FAO Dairy Market Review
Highlights International dairy prices are rebounding slowly but remain below their May lows Despite market disruptions, world milk output is rising, mostly in Asia, but also in Europe and North America International trade in butter, cheese, and whole milk powder could expand, but skim milk powder may contract. The Food and Agriculture Organization of the…
Decline in global dairy price index at GDT continues for last 90 days now
Global dairy price index declined in sixth consecutive fortnightly session after April 6th . The price of AMF , Butter and SMP have declined from USD 6209 USD 5776 and USD 3367 per MT; to USD 5632, USD 4458 and USD 3126 per MT respectively in last 90 days. Cheddar Cheese and Lactose have declined…
KMF slashes prices of dairy commodities like SMP, Butter and ghee
In some good news for KMF (Karnataka Milk Federation) consumers, the Milk body has reduced the price of some of the premier products of its famous Nandini Milk brand. Accordingly, the price of Nandini Ghee has been reduced from Rs.470 to Rs.450 a kg, a Reduction of Rs.20 a kg. Likewise, the price of Butter,…
DAIRY NEWS Milk powder prices fall as demand for milk products dip during Covid 2.0
The ongoing lockdown due to Covid-19 case surge, and the resultant dip in demand, are once again plaguing the dairy industry. The sector, which was enjoying good returns till about a month ago, is now worried about the adverse impact if the lockdown continues for a longer time. As shops, restaurants and hotels remain closed,…
Demand for butter, cheese, ice-cream down 30-40%: Amul’s Sodhi
As India reels under a fierce second wave of COVID and lockdown fears loom, RS Sodhi, GM of Gujarat Co-operative Milk Marketing Federation (Amul) said that companies as well consumers are better prepared now and there is no panic buying. “This time for the second wave, which is more impactful and worsening day by day,…
Milk prices defy seasonal trend as supply pressures build
On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions…
Global Dairy Review 2020: Excerpts from FAO Dairy Market Review
Highlights International dairy prices are rebounding slowly but remain below their May lows Despite market disruptions, world milk output is rising, mostly in Asia, but also in Europe and North America International trade in butter, cheese, and whole milk powder could expand, but skim milk powder may contract. The Food and Agriculture Organization of the…
Global Dairy Review 2020: Excerpts from FAO Dairy Market Review
Highlights International dairy prices are rebounding slowly but remain below their May lows Despite market disruptions, world milk output is rising, mostly in Asia, but also in Europe and North America International trade in butter, cheese, and whole milk powder could expand, but skim milk powder may contract. The Food and Agriculture Organization of the…