Global milk supplies expected to be stable in second half of 2024
According to latest estimates, global milk production across the key producing regions is expected to remain stable with a small decline of 0.1% year-on-year. This is slightly lower than the 0.1% increase recorded in 2023 and a downgrade from the 0.25% growth predicted earlier this year. There is expected to be some variability across key…
Future Milk Availability: 4 Critical Challenges Facing the Global and Indian Dairy Industry
Recently, I came across an insightful infographic by A Insights highlighting four pivotal challenges facing the global dairy industry. Intrigued, I delved deeper to understand the impact of these challenges on our ambitious forecast of around 660 billion liters of milk production and 800 ml of per capita availability by 2047, coinciding with India’s centenary…
Dairy prices weakened ,milk production expanded but dairy trade contracted globally in 2023
International Dairy Prices In 2023, the FAO Dairy Price Index averaged 123.7, down 17.3% from 2022. Weakness persisted from January to September due to reduced imports by major buyers like China for whole milk powder (WMP) amid high stocks and weakened demand from the HRI sector post-COVID. Increased milk production in China and weakened consumer…
After US, Amul to start fresh milk sales in more countries
After announcing the sale of locally sourced ‘fresh milk’ in the United States (US), the Gujarat Cooperative Milk Marketing Federation (GCMMF) – which sells dairy products under ‘Amul’ brand – is aiming to launch similar business in a few more countries. “Quite a few markets we are unable to reach directly with our products and…
Amul Launches Fresh Milk in US Following Modi’s Global Ambition
A month after PM Narendra Modi asked Amul to emerge as world’s largest dairy, ‘The Taste of India’ has taken a big leap by launching fresh milk in US. This is the first time that Amul’s fresh milk range has been launched outside India. Partnership of Gujarat Co-operative Milk Marketing Federation (GCMMF) and Michigan Milk Producers Association (MMPA), US’s tenth-largest dairy…
We have to expect the unexpected: economist
New Zealand is not immune to geopolitical shocks and the dairy industry needs to establish how it will manage unpredictable disruptions in future, says economist Shamubeel Eaqub. Speaking at the DairyNZ People Expo in Invercargill, Eaqub said an example of an unpredictable shock was the sharp increase in shipping costs during the pandemic. “No one…
Dairy Product Price Inflation Still Lagging Overall Food Inflation
All parts of the U.S. economy and at least 44 other nations throughout the world are experiencing high rates of inflation due to several global factors including the COVID-19 pandemic, ongoing supply chain woes, rising wages amid labor shortages, and Russia’s war with Ukraine, which has thrown global energy, food and fertilizer markets into disorder….