GST Overhaul May Slash Prices on Dairy & Consumer Goods
India is set to roll out a significant Goods and Services Tax (GST) overhaul, likely unveiled during the 56th GST Council meeting in September or October 2025, pending approval from the Group of Ministers (GoM) . Under the current draft, the multi-slab GST system will be simplified into two main rates: 5% and 18%, effectively…
Fonterra slashes milk price forecast as demand slumps
Fonterra has slashed its forecast milk price for the 2023/24 season by $1 as demand slumps. On Friday the co-operative announced a revised farmgate milk price range of $6.25 to $7.25 per kilogram of milk solids, with a mid-point of $7 per kgMS. In May Fonterra said it expected to pay farmers between $7.25 and $8.75…