End of Covid zero policy in China may lift the dairy prices in future
Dairy prices have started 2023 on a soft note, However, analysts are banking on China ending its Covid-zero policy to lift prices in the coming months. Westpac’s senior agri economist Nathan Penny says the bank is sticking to its forecast milk price of $8.75/kgMS for this season. “Prices in late 2022 had been weaker than…
Global Dairy Trade index up slightly at an average of 3610 USD per MT
The latest Global Dairy Trade (GDT) event has concluded with the GDT price index up 0.6%. The average price was $3,610/MT with 29,570MT of product sold at today’s (Tuesday, December 6) event. There were 118 winning bidders, out of a total of 156 participating bidders at the event, across 17 bidding rounds lasting two hours…
Further price increases pose threat to UK meat and dairy demand – AHDB
Nine in 10 consumers have noticed the price of food increasing in supermarkets, with 62% concerned about food costs (AHDB/ Blue Marble Trust Research 2022), according to AHDB Senior Retail Insight Manager Kim Heath. This will come as no surprise as food and non-alcoholic beverage inflation hit 14.6% in September (ONS). Economics dictates that as a general…
Dairy companies to further increase their prices in first half of Fy 23
Milk prices could remain high in the current financial year on account of the high global prices of skimmed milk powder and cattle feed. This could prompt dairy companies to hike prices further in the first half of the financial year, analysts at ICICI Securities said in a note on Friday. “All the dairy companies…
Saudis boycott dairy products in protest at price increases
Saudi citizens have launched a campaign calling for a boycott of dairy products and coffee shops in protest at a sharp increase in the price of goods. In May, the price of chickens, eggs, yoghurts, cheese, and milk in Saudi Arabia almost doubled, provoking a major backlash against dairy companies. According to the Saudi Consumer Protection…
Global oil price hike passed to consumers Will that happen with food too?
Brent crude prices crossed the $75-per-barrel psychological level last week and closed at $76.18 on Friday, the highest since October 29, 2018. While the increase in international oil prices – Brent was trading at just over $41/barrel a year ago – is being fully passed on to Indian consumers, it raises a related question: Will…
Global oil price hike passed to consumers Will that happen with food too?
Brent crude prices crossed the $75-per-barrel psychological level last week and closed at $76.18 on Friday, the highest since October 29, 2018. While the increase in international oil prices – Brent was trading at just over $41/barrel a year ago – is being fully passed on to Indian consumers, it raises a related question: Will…
A little tomorrow can make up for a whole lot of yesterday
It’s summer time. The weather is pushing mercury to move up. Milk supplies in most parts of the country are matching with that of last year’s scenario. The only difference is that the SMP and butter stocks are comparatively higher than last year. Recent Institutional purchase of SMP has changed the moods of the market. Everyone…
SMP, Butter and ghee price in India gets bullish: Would it sustain ?
The commodities prices in India have begun to surge . The prices of SMP, butter and ghee are moving up. The price of milk in most parts of the country is also going up. In North the milk availability has become difficult and prices have gone upto Rs 45 per liter for buffalo milk ….