Fonterra cuts milk price forecast as demand from China slackens
Fonterra has reduced and narrowed its 2022/23 season forecast to $8.20 – $8.80 per kg of milksolids, with a midpoint of $8.50, due to softer demand out of China. The previous forecast was in a range of $8.50 – $9.50 per kgMS, with a midpoint of $9.00. The co-op has also cut its forecast milk…
At 29.30 per cent in January, fodder inflation continues to rise
No respite seems in sight from the rising milk prices as fodder inflation continues to rise. The annual rate of fodder inflation based on all-India Wholesale Price Index (WPI) numbers has further increased to 29.30 per cent in January 2023 against 28.66 per cent recorded in December 2022. Fodder inflation was recorded at 7.14 per…
Milk prices increased due to rise in fodder cost: Sanjeev Balyan
Milk prices in the country have risen due to increase in the feed and fodder cost, Union Minister Sanjeev Kumar Balyan said in Rajya Sabha on Friday. Balyan, who is Minister of State of Fisheries, Animal Husbandry and Dairying, said dairy companies pass on 75 per cent of the retail price to farmers. There is…
Milk prices may continue to rise until Diwali says RS Sodhi
On the day Amul hiked milk prices, RS Sodhi, the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) which owns the Amul brand and president of the Indian Dairy Association, told CNBC-TV18 that he believes costs will continue to rise until Diwali this year. He said he expects milk production to start increasing again by winter….
A farmers’ dilemma has the govt worried in Uganda
Mr Stanley Ntungire is the last of a dying breed. Born and raised in a cattle-keeping orthodoxy that is the age-old tradition of the Hima people of Ankole, he saw his forbearers rear the animals as a principal economic activity. They were a treasured source of prestige in society in a way few things compare….
Rising input costs send wholesale milk prices up 10.2% in flush season
India is in the middle of the flush season for milk production which runs from October to March. Wholesale milk prices increased 10.2 percent on-year in December 2022 against a marginal rise in general month-on-month wholesale prices at 0.6 percent, according to a report by ICCI. Various factors such as the onset of the lumpy skin disease…
Our cities thrive at the expense of our villages.. Dr V Kurien
This has been a roller coaster year for the dairy industry across the world . Indian dairy industry in particular is experiencing “a scream of excitement, exhilaration, fear and pure heaven ”. The year started with fairly good farmers prices and comparatively lower availability of milk. Russia -Ukraine war in February along with early onslaught of summer…
Despite flush season dairy farmers in Maharashtra fetch good prices
Dairy farmers in the state are enjoying a rare spell of good price, which has seen dairies increase their procurement price even as the sector enters its flush season when production increases. Dairies say there is a 10-15 per cent dip in output in many milk-producing states, which has led them to increase the procurement…
Vijaya Dairy hikes milk procurement prices to ryots
In good news for farmers, Vijaya Dairy enhanced the procurement price of milk on Monday. The buffalo milk procurement price was raised from Rs 46.69 to Rs 49.40 per litre and cow milk from Rs 33.75 to Rs 38.75 per litre. The new rates will be applicable from September 1. Animal Husbandry Minister Talasani Srinivas…
Rabobank forecasts decline in demand for dairy products
Rabobank’s response to “Are we there yet?,” referring to peak milk powder prices, is yes. It appears that global milk powder prices peaked during 1H 2022. While milk production is in the middle of a significant slowdown, set to last at least four consecutive quarters (from Q3 2021 to Q2 2022), weakening demand expectations are…