Firms rein in price hikes but milk powder rose 18% from a year ago
A range of businesses, from quick-service restaurants and apparel retailers to biscuit makers and edible oil producers, are refraining from raising prices, with some even cutting them as commodity costs cool and high prices dampen demand, offering consumers respite from soaring inflation. Packaged consumer goods company Marico Ltd, for example, cut prices of its Parachute […]
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 […]
Dairy prices drop, volumes rise at auction SMP prices crashed by 4.2%
International milk prices fell while volumes rose in this month’s second Global Dairy Trade auction held by GDT Events. The GDT Price Index fell 3.6%, with an average selling price of $4,855 per tonne, in the auction held on Tuesday. The index fell 1% at the previous sale, according to GDT Events. A total of 22,179 tonnes was sold […]
Milk Powder At 7-Year High After Surprise Shortfall In Global Production
Milk powder is used to make milk, and it’s also a common ingredient in a variety of foods including baked goods, soups and processed items. Futures for nonfat dry milk reached 135 cents per 100 pounds, the highest since August 2014. A surprise shortfall in global milk production has international purchasers scouring for powder, the […]
Milk Powder At 7-Year High After Surprise Shortfall In Global Production
Milk powder is used to make milk, and it’s also a common ingredient in a variety of foods including baked goods, soups and processed items. Futures for nonfat dry milk reached 135 cents per 100 pounds, the highest since August 2014. A surprise shortfall in global milk production has international purchasers scouring for powder, the […]
Improving Horeca ignites hopes for dairy sector to be in black in 2021
SMP prices seen stable at ₹250/kg on matching demand and supply Amidst easing supplies and improving demand from the bulk consuming HoReCa segment, the dairy sector expects its business to be back in black this year. The ongoing flush milk season (when milk output is at the peak) will cap any further spike in the skimmed […]