Global dairy prices improves at GDT auction on Feb 7th
The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being shown as below. Global dairy trade event 325 results Feb 07 2023 A total volume of 32582 MT…
Global dairy price crash bringing focus back to Indian dairy market
Next five months will play a crucial role in the Indian dairy sector. This year saw a phenomenal increase in the price of milk and milk products. The farmers also received the best milk prices for the longest duration. India has already exported more dairy products in the first six months of FY 23 than…
Demand for dairy falls at global auction at GDT
The average price at the fortnightly sale fell 4.1 percent US$4360 a tonne, after falling 1.3 percent in the previous auction. The price of wholemilk powder, which strongly influences the payouts for local farmers, was 3.3. percent lower at US$3961 a tonne – the first time price have below the $4000 mark since October. NZX…
Exports of Indian dairy products top $500-million mark, hit eight-year high
Indian dairy exports are estimated at an eight-year high in FY22 on strong demand, helped by higher global prices. Provisional data for the first eleven months, from April 2021 to February 2022, indicates that shipments have touched 1.70 lakh tons valued at more than 552 million dollars, a growth of 93% in value and 63%…
Tiruchi Aavin looks to tap demand for milk powder in North Indian markets
The Tiruchi District Milk Producers’ Cooperative Union, which is marketing its dairy products under Aavin, plans to tap the North Indian market to sell its skimmed milk powder (SMP). The union produces SMP at the plants owned by the Tamil Nadu Milk Producers’ Federation in Erode and Krishnagiri. The Tiruchi Aavin sends surplus milk after…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…
Global Dairy Review 2020: Excerpts from FAO Dairy Market Review
Highlights International dairy prices are rebounding slowly but remain below their May lows Despite market disruptions, world milk output is rising, mostly in Asia, but also in Europe and North America International trade in butter, cheese, and whole milk powder could expand, but skim milk powder may contract. The Food and Agriculture Organization of the…
Dairy prices fell for a 7th consecutive global auction
The global dairy trade price index dropped 2.9 per cent from the previous auction a fortnight ago. The index is sitting 19 percent higher than at the same time last year after sharp gain earlier this year. The average price for whole-milk-powder, which has the most impact on what farmers are paid, fell 3.8-percent-to-an-average-US$3730 a…
GCMMF to get ₹50 per kg for SMP exports for next six months
The subsidy support is fixed at ₹50 per kg of SMP with a ceiling of ₹150 crore for the entire scheme, which will be active for a period of six months starting July 1 to December 31, 2021. Notably, international SMP prices have fallen by about 9.5 per cent since May 2021 to USD 3,126…