From Wheat to Milk, UP’s Dairy Drives Farm Income Surge
Uttar Pradesh’s record agricultural performance is no longer driven by crops alone. Alongside bumper wheat and rice harvests, dairy and livestock have emerged as core pillars of farm income growth, reinforcing the state’s transition towards diversified and resilient agriculture. The latest assessment highlights livestock, dairy and fisheries as key contributors to rising rural incomes across…
Regional dairy firms surge as GST cuts reshape sector
A sweeping rationalisation of GST rates on dairy products is emerging as a quiet but powerful tailwind for India’s organised dairy sector. Under reforms introduced at the 56th GST Council meeting, most dairy items will now attract either zero or just 5% GST, bringing down the tax burden significantly. This shift is expected to be…
India’s milk demand to surge further in 2025
India’s milk consumption is poised for further expansion in 2025, buoyed by improving incomes, changing consumption habits and stronger organised dairy infrastructure. According to FAS’s recent Global Agricultural Information Network (GAIN) report, household demand for fluid milk in India is set to reach around 91 million metric tons (MMT) in 2025, up from about 89…
India’s Dairy Exports Surge 80% to $493M in FY 2024-25
India’s dairy exports soared by 80% in FY 2024-25, reaching $492.9 million, with volumes climbing to 113,350.4 metric tonnes—a 77.9% year-on-year increase. Key export destinations included the UAE, USA, Saudi Arabia, Bangladesh, and Bhutan. This growth is propelled by India’s standing as the world’s largest milk producer and a decade of consistent volume gains. Industry…
India’s ₹2-Trillion Paneer Surge: A New Era for Cooperatives
The paneer (cottage cheese) market in India, valued at around ₹64,810 crore in 2024, is set to soar to over ₹2 trillion by 2033 . Despite this boom, more than 90% of consumption remains through local, unpackaged dairies, leaving organized players like Amul, Mother Dairy, Heritage Foods, Milky Mist and Parag Milk Foods with under a 10%…
New Zealand’s Butter Prices Surge, Prompting DIY Churning
New Zealand, renowned as the world’s leading dairy exporter, is grappling with a domestic butter price surge of 65% over the past year, elevating the average cost of a 500g block to NZD $7.42. This escalation is attributed to global supply constraints and robust international demand, particularly from Asia and the Middle East, which have…
U.S. Milk Futures Surge Amid Seasonal Demand
Class III milk futures in the United States have experienced a significant uptick, driven by seasonal demand and rising cheese prices. The surge is attributed to a combination of factors, including increased cheese exports and a shift in market sentiment that has replaced previous discounts with premiums. This positive momentum is further bolstered by tight…
Global Dairy Prices Surge: WMP Hits Highest Since April 2022
In the latest Global Dairy Trade (GDT) auction, global dairy prices experienced a significant upswing, with the overall price index rising by 4.6% to an average of US$4,516 per metric tonne. This marks the most substantial increase in recent months, driven by robust demand and constrained supply. Whole Milk Powder (WMP), a key export product…
Philippine dairy imports surged by 24.7%
Philippine dairy imports surged by 24.7% in the first nine months of 2024 to 2.71 million metric tons, according to the National Dairy Authority Imports accounted for 99.1% of the country’s total milk supply, the agency said Dairy imports’ value grew by 3.5% to P61.09 billion while the value of local milk production increased by…
Mother Dairy expects 30 % demand surge this summer for milk products
Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Mother Dairy, a leading milk supplier in Delhi-NCR, has nine company-owned dairy processing plants with a total capacity of more than 50 lakh…