Milk procurement prices likely to remain stable/ lower in near term
ICICI Securities Report Key observations for milk prices based on our discussions with dairy companies and channel checks are: Wholesale milk prices have risen YoY in August 2023; there is a steady deceleration in milk price inflation in south India; inflation has declined from 12.8% in December 2022 to 9.6% in Aug-23 (but inflated on […]
Very Low correlation between milk production and monsoons
Is your breakfast going to get costlier soon? Well, the answer may lie in the start and spread of monsoon in India, which so far has been late and scanty. The price of milk, a key food item and essential ingredient in India’s favourite beverages tea and coffee, is typically determined by supply, which is […]
As whole sale milk price simmer, dairy cos may take further hike
With the price of wholesale milk continuing to rise across the country, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities. These companies will need to focus on increasing the share of Indian value-added products to protect their profitability, analysts at the brokerage […]
Brokerage firm flags further increase in milk price soon
Dairy companies may need to again raise prices of milk in the second half of the current financial year, analysts at ICICI Securities said in a report on Wednesday. Dairy companies have raised milk prices by 8-10% in the past eight months due to a sustained rise in procurement prices. Wholesale milk prices have increased […]
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in […]
Higher milk prices to hurt dairy companies and hit their margins
Milk procurement prices have been rising, prompting higher revenues for dairy companies but also leading to pressure on margins in FY2023-24, according to a report. “After a period of lower milk prices for two years, milk prices have started the up-cycle. We note higher milk prices will result in higher revenues for dairy companies but […]
Covid second wave will impact consumption of chilled dairy products
Ice-cream, buttermilk and flavoured milk could see some short-term demand constraints as consumers focus on essentials amid fresh round of restrictions to curb spread of covid-19, according to a report by ICICI Securities. “Ice cream consumption will likely remain impacted due to the fear of coronavirus, reduction in out-of-home consumption and reduction in the number […]