Butter, milkfat dip as powders drag GDT index lower
The latest Global Dairy Trade (GDT) trading event delivered a noticeably softer price tone: the overall GDT Price Index fell 4.3% from the previous auction, with the weighted average price at US$4,043 per tonne and total volume sold around 41,465 tonnes — largely whole milk powder (WMP) and skim milk powder (SMP). The result shows…
India Shifts Diet: Milk Rises, Cereals & Pulses Dip
The latest Household Consumption Expenditure Survey (HCES) for August 2023–July 2024 reveals a noteworthy shift in Indian dietary patterns, according to a government report. Milk and milk-product consumption has increased across both rural and urban households. In urban areas, the share of milk in the consumption basket rose from 12.8% to 12.9%, while in rural…