GDT price index records first decline since March 2024
The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases. […]
Indian dairy exports in FY 24 showed better value realisation in global markets
Drawing from data provided by APEDA and Indian Customs, we present an in-depth look at the trends and dynamics shaping the dairy export landscape. Note that Casein and Lactose are excluded from this analysis and will be covered separately. For India to fully leverage its substantial milk production, processors must prioritize export markets, facilitating better […]
Global demand for Dairy remains sluggish
Commodity markets have softened through March 2024 against a backdrop of slightly weaker global fundamentals. The dairy complex had staged a recent rally since the bottom of the market in Q3 2023. Nonetheless, all dairy products except butter were softer in March 2024 and remain at or below five-year averages. Rabobank expects dairy commodity prices […]
Global dairy Price index almost unchanged
Global Dairy Trade Event 354 concluded with the GDT Price Index up 0.1% with average global price index touching USD 3590/MT. Key Results remains as follows : AMF index up 1.7%, average price US$7,062/MT (Rs 580/Kgs) Butter index down 1.4%, average price US$6,546/MT (Rs 535/Kgs/MT) BMP index not available, average price not available Ched index down 8.5%, average […]
Empowering Artisans: Imperative of GI Tagging for Boosting Indian Dairy Exports
Dairy Development in India Since the inception of Operation Flood in the early 1970s, India has exhibited remarkable growth in milk production and per capita milk availability. Data reveals that milk production triples and per capita availability doubles approximately every 25 years. Following this trend, India is projected to produce over 600 million MT of […]
Dairy consumption falls again in Germany
The consumption of milk in Germany declined again in 2023, government data shows. According to preliminary figures published by the Bundesinformationszentrums Landwirtschaft (BZL), the per capita consumption of milk in Germany shrunk to less than 46kg in 2023, from 46.1kg in 2022, which had been a record low. Meanwhile, the production of drinking milk fell […]
GI tag sought for State’s popular Uthukuli butter
The Uthukuli Butter Manufacturing Association, which is based out of Tiruppur, the knitwear capital of India, has filed an application seeking geographical indication (GI) tag for ‘Uthukuli Vennai’ (butter). The application process was facilitated by the NABARD Madurai Agribusiness Incubation Forum (MABIF) and was filed by P. Sanjai Gandhi, an IP attorney specialising in Geographical […]
Global Dairy Trade Event 352 concluded with the GDT Price Index down 2.8%
Global Dairy Price index dropped by 2.8% in today’s Global Dairy trade event. The index has reached to a level of USD 3497/MT. This is a second consecutive drop in the index since last month. One of the major reason behind this drop is the sluggish global demand . From Indian market perspective it is […]
GDT: Increase in SMP and Butter global prices raise hopes in India
Good news for farmers in the latest Global Dairy Trade auction, held overnight, with a 4.2 per cent increase across the board. This is the third positive event of the 2024 calendar year, with the index kicking off the new year with a 1.2 per cent bump on January 3 and 2.3 per cent at the last event […]
Congress passed the Whole Milk for Healthy Kids Act of 2023
The Agriculture Department again lowered its milk production forecasts for 2023 and 2024 in the latest World Agriculture Supply and Demand Estimates report. The 2023 forecast was reduced from last month due to slower expected growth in milk per cow. Production in 2024 was lowered due to lower milk cow numbers and reduced milk per […]