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 […]
Philippine dairy imports surged by 24.7%
Philippine dairy imports surged by 24.7% in the first nine months of 2024 to 2.71 million metric tons, according to the National Dairy Authority Imports accounted for 99.1% of the country’s total milk supply, the agency said Dairy imports’ value grew by 3.5% to P61.09 billion while the value of local milk production increased by […]
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 […]
Global Dairy trade showed slight recovery but SMP at 18 week’s lowest level
Global Dairy Trade Event 361 concluded with the GDT Price Index up 0.5% Key Results of major commodities Global dairy trade index has shown slight recovery . Lactose, and Mozzarella cheese led the upward movement of the index followed by other products except SMP. GDT index of Skimmed milk powder plummeted to the lowest level since 19th March […]
Reimagining Dairying in Maharashtra: A Call for Sustainable Solutions
As per Sh Dashrath Mane CMD Sonai dairy, today the Maharashtra State government has given orders to dairies in Maharashtra for the implementation of ₹5/L milk subsidy to farmers directly subjected to the mandatory condition of base rate of ₹30/L to be paid by dairies. Dairies were paying ₹27.00/L to the farmer earlier which shall […]
Nashik Dairy Farmers Call For Urgent Milk Price Increase
Dairy farmers have launched widespread agitations and demonstrations across Nashik, demanding an immediate increase in milk prices. The current payment of ₹22 to ₹27 per litre to producers is significantly lower than the government-announced rate of ₹34 per litre. Compared to other states, milk producers in Maharashtra receive ₹10 to ₹12 less per litre, exacerbating […]
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 […]
Hatsun Agro Products -Highest gross margin in 10 quarters!
Hatsun Agro Products Ltd in March quarter clocked the highest gross margin in 10 quarters. If one goes by ICICI Securities, there is scope for further margin expansion in FY25, thanks to lower milk procurement prices; higher revenue share of ice cream, accumulation of low priced inventory and improved capacity utilisation at Solapur and Govindapur […]
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 […]