KMF slashes prices of dairy commodities like SMP, Butter and ghee
In some good news for KMF (Karnataka Milk Federation) consumers, the Milk body has reduced the price of some of the premier products of its famous Nandini Milk brand. Accordingly, the price of Nandini Ghee has been reduced from Rs.470 to Rs.450 a kg, a Reduction of Rs.20 a kg. Likewise, the price of Butter,…
Export subsidies for Skim Milk Powder questioned at WTO
India’s Agriculture Infrastructure Fund and cotton subsidies have come beneath scrutiny on the WTO , with Australia looking for clarity on the scope of the fund and affirmation that New Delhi has not exceeded its 10% ceiling assist, known as de minimise in commerce parlance, for the pure textile fibre. Australia has requested India to…
Dairies to log 5-6% growth this fiscal to reach 1.5 Lakh Crore this year
Revenue of the organised dairy sector in India, after churning to a decadal-low growth of ~1% last fiscal, is expected to grow 5-6% to Rs 1.5 lakh crore this fiscal. Healthy demand revival in value added products (VAP, 30-35% of organized sector revenue) post pandemic effect last fiscal, lower restrictions as compared with the earlier…
Milk sales dropped from 95 lakh to 50 lakh lpd due to covid second wave
The government needs to intervene help dairies with export incentives to bring stability to the market, he said. Lockdown-like restrictions across Maharashtra due to the second wave of Covid-19 has impacted demand for milk and milk products hitting sales by at least 40-60%. With supply exceeding demand, dairies have reduced their procurement prices by Rs…
Good Export potential for dairy products from India
A latest surge within the prices of dairy merchandise within the worldwide market has brightened export prospects for India particularly for skimmed milk powder (SMP), fats and butter. The prices have surged to a year-high ranges on the Global Dairy Trade (GDT) auctions – primarily pushed by the consumption push put up Covid-19 unlock measures…
Milk prices defy seasonal trend as supply pressures build
On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions…
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…
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…
Milk powder prices have risen by 20% in past two months : R S Sodhi
Milk powder prices have risen by 20% in the past two months and are likely to increase further in the next four weeks as demand has revived and supplies from farmers are low, top dairy executives said. RS Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation, which owns the Amul brand, said the average price of…
Dairy is the farm sector’s growth engine: Dilip Rath
Central schemes have contributed in improving the productivity of milch animals. However, the sustainability of our dairy sector largely depends on bringing about efficiencies across the dairy value chain. The dairy sector has been a growth propeller for the agricultural and allied sectors, and has significantly contributed towards creation of rural wealth. Its contribution to…