GDT Index Falls; Butter and Cheddar remains strong
In the 17 June Global Dairy Trade (GDT) auction, the overall GDT Price Index fell 1.0%, settling at USD 4,389/tonne . Anhydrous Milkfat: Lost ground with a 1.3% price index decline, averaging USD 7,276/MT (€6,290). Butter: Strength continued, with a 1.4% index rise to USD 7,890/MT (€6,821). Cheddar Cheese: Notable increase of 5.1%, averaging USD 4,992/MT […]
India Poised to Challenge U.S. in Global Butter Export Markets
In a development that could reshape global dairy trade dynamics, India is emerging as a serious contender to the U.S. in the international butter market, according to a recent analysis by U.S.-based dairy experts. While the U.S. has traditionally maintained a stable share in global butter exports, India’s rising milk production, expanding processing infrastructure, and […]
How GRB churned itself into a ghee giant
After milk, ghee is the second most consumed dairy product in India and a crowded category. But it’s a category where regional players have held their own against national heavyweights like Amul, Aashirvaad (ITC), Britannia, and Gowardhan, and churned up growth. Take Bengaluru-based GRB Dairy Foods Private Ltd, which from humble beginnings has scaled up […]
Global dairy price index moved up by 1.4% at GDT
Prices are up in the latest Global Dairy Trade auction, held overnight, with a 1.4% increase across the board. It is the second auction of the calendar year and follows a 1.4% fall from the previous event two weeks ago. Good news for farmers as whole milk powder — which has the biggest impact on Fonterra’s farmgate milk […]
Milk Food to expand into ice cream, cheese
Milk Food Ltd., a renowned for its cutting-edge facilities and high-capacity dairy products. Its core products, Milk Powders and Pure Ghee, have been synonymous with trust and excellence for decades has announced the sale of its 21-acre Moradabad plant land to a reputed developer for an estimated value of INR 140 to 150 crore. The […]
Here’s why thieves may be stealing butter in Canada
The case of the missing butter remains a mystery, but some have ideas on what’s behind the unusual crimes. As shoplifting rises in grocery stores amid Canada’s cost-of-living crisis, police and a few industry experts say thieves have taken particular interest in the product. Recent large-scale thefts of butter — worth thousands of dollars in […]
Global Dairy price index showing stagnancy
The Global Dairy Trade (GDT) Event 366, held on October 15, 2024, saw mixed outcomes across dairy products. While the index hardly plummeted by 0.3% with Global dairy price index at UsD 3852/MT.. Whole Milk Powder (WMP) prices remained relatively stable with only slight fluctuations, reflecting consistent demand. However, other categories, such as Lactose and […]
Arla launches Lurpak Butter in Plant-Based category
New innovation from Arla Foods is a key part of its long-term growth strategy The number one dairy brand is now available in plant based as Arla Foods launches Lurpak® Plant Based into the UK and Danish retail markets. Investing in new products is a key part of Arla’s growth strategy, and the launch of […]
Innovative cheese, butter and yogurt products fuel dairy market growth – CoBank
US consumers are drinking less milk with each passing year, but overall dairy sales are on a multiyear winning streak, according to a recent market report from CoBank. Cheese, butter and yogurt are fueling category growth, along with new dairy-based products designed to capitalize on convenience, health and snacking trends. Data from market research firm Circana […]
CO2-Derived Butter Tastes Authentic -Startup Challenging Traditional Dairy
Churning traditional butter from cow’s milk has a significant impact on the environment. Savor, a company backed by Bill Gates, aims to change this. They have developed a method to make butter using captured carbon dioxide (CO2) and hydrogen. This process is entirely plant-based and avoids the environmental issues linked to both dairy and some […]