TÜRKIYE DAIRY PRODUCTION FALLS DUE TO INFLATION
Türkiye is one of the top 10 milk producers worldwide, according to the Turkish National Dairy Council (Ulusal Süt Konseyi – USK) but the country’s dairy sector has been impacted over the past two years by high inflation and the depreciation of the Turkish lira (1). Production is slowly rebounding, with demand driven by the […]
Dairy Outlook for summer in India is positive : R S Sodhi
RS Sodhi discusses the pressure on milk associations to seek price hikes amid rising costs. The outlook for the summer season suggests potential price adjustments due to increased demand and supply challenges. Watch the video here (Source : Dairynews7x7 Jan 15th 2025 ET Now)
Ghee and milk products inflation drops
Ghee inflation is at a 41-month low of 0.21 per cent in August, data from the Statistics Ministry showed. While inflation for ghee is the lowest, it is on the decline for the entire range of milk products. Experts attribute this to two reasons – a higher base effect and lower prices of fodder and […]
Nestle India share falls after weak Q1FY25 results
Nestlé India continued to focus on innovation and sustainability, launching several new products and enhancing its digital engagement with consumers. Nestlé India has delivered an impressive performance in the first quarter of FY 25, reflecting strong growth across key financial metrics. The company’s commitment to innovation, efficiency, and sustainability has played a pivotal role in […]
Innovation and Inflation: Dual Forces Shaping the Plant-Based Milk Market
Milk alternatives continue to hold the largest share of all plant-based categories—15% across the total market and 41% in the natural channel—as ongoing innovations intrigue a broader group of consumers. Despite this growth, inflation remains a challenge for plant-based milk producers. Some varieties are also being discontinued or facing pushback from dissatisfied consumers. From supermarkets […]
IFF TRENDS REPORT: ADDED VALUE KEY TO SUCCESS IN INFLATION-HIT DAIRY SPACE
Amidst a challenging economic climate, IFF (NYSE: IFF), a global leader in food and beverage, home and personal care and health, unveils a report that uncovers the evolving consumer trends in the dairy and alternative dairy categories. The report, derived from a comprehensive quarterly global survey of 21,000 consumers and monthly market data*, highlights […]
Milk Prices may not turn volatile this summer-Mother Dairy
Milk inflation has moderated recently. The last hike in milk prices (by Mother Dairy) was announced in February 2023. As summer progresses, natural shortage starts occurring in overall milk production. However, there will be no wild swing in prices… Summer lasts till September, when some shortage of milk naturally occurs. I anticipate slight (upward) movement […]
Cereals, milk, vegetables turn costlier on month; potato prices zoom
Retail food inflation softened marginally to 8.52% in March, 2024 from 8.66% in previous month due to sequential drop in prices of pulses an edible oils and spices, and a high base. The prices of key items like cereals, milk, meat and vegetables, however, saw a rise on a month-on-month basis. The relevant consumer food […]
How rising prices have shaped dairy consumption
here is optimism that the global economic and financial conditions of high inflation and rising food and energy prices, which have impacted consumer confidence and post-pandemic spending, will improve in 2024. However, as dairy prices are still rising, consumers will still be on the hunt for value as they visit the dairy aisle. It is, […]
Sunak is ‘sad’ parents are forced to water down baby formula
The prime minister has said it is “sad” that parents are watering down baby formula because they cannot afford to feed their children. Sky News reported last year on measures parents have turned to after inflation spiked the cost of the powdered milk product. This included watering down and even stealing products in order to make ends meet amid […]