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…
Decline in global dairy price index at GDT continues for last 90 days now
Global dairy price index declined in sixth consecutive fortnightly session after April 6th . The price of AMF , Butter and SMP have declined from USD 6209 USD 5776 and USD 3367 per MT; to USD 5632, USD 4458 and USD 3126 per MT respectively in last 90 days. Cheddar Cheese and Lactose have declined…
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…