Above-Normal Monsoon Forecast for 2025 Brings Optimism for Dairy
The India Meteorological Department (IMD) has forecasted an above-normal southwest monsoon for 2025, bringing encouraging prospects for India’s agriculture and dairy sectors. According to IMD’s long-range forecast, rainfall between June and September is likely to be 105% of the Long Period Average (LPA) of 87 cm, with a model margin of ±5%. The probability of […]
Indian Dairy Industry Set for Robust Revenue Growth
The Indian dairy industry is poised for a revenue growth of 13-14% this fiscal year, driven by strong consumer demand and an improved supply of raw milk, according to Crisil Ratings. Rising consumption of value-added products will support demand, while a good monsoon is expected to boost milk supply. The increased supply of raw milk […]
Farm sector can grow over 6% in FY25 on good monsoon
The agriculture and allied sectors may register over 6 per cent growth in 2024-25 going by the predictions of a favourable monsoon and the low base of the previous year, NITI Aayog member Ramesh Chand told businessline. “This year (2024-25) will be highly favourable for agriculture, mainly due to two factors. One, the monsoon rainfall […]
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 […]
Cooler Weather Halts Milk Crisis
Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise. Between January and March, India was facing a shortage of milk products such as butter and ghee, raising prospects of imports in a country that is the world’s largest supplier of liquid milk. Today, […]