Global dairy price index down by 5%-7th decline in 5 months

Global Dairy Trade Event 313 on Aug 2nd 2022 concluded with the GDT Price Index down 5.0%

Global dairy price index plummeted again by 5% on 2nd Aug 2022 at Global dairy trade event. This is a seventh consecutive fortnightly drop in price index since 1st March 2022 except for a slight increase by 1.5% on June 7th. This drop clearly indicates the demand decline across the globe due to inflation as well as impact of lower imports from China due to pandemic.

Key Results at GDT ( USD 1=IRs 75)

AMF index down 1.4%, average price US$5,518/MT in IRs 430.00 Butter index down 6.1%, average price US$5,194/MT in IRs 405.00 BMP index down 9.2%, average price US$3,724/MT in IRs 292.00 Ched index down 0.7%, average price US$4,798/MT in IRs 374.00

SMP index down 5.3%, average price US$3,524/MT in IRs 275.00

WMP index down 6.1%, average price US$3,544/MT in IRs 276.00

Indian Dairy Market Update

Buffalo milk 6.5% fat and 9 % SNF in Rs /kg

• Amul                    : 49-54
• State federations : 48-54
• Private players    : 47-52
• Cow milk on TS basis in South India for 3.5% to 8.5 % SNF
• Rs 260-Rs 280 per kg TS for 12%TS milk

Cow milk in Maharashtra State 3.5% fat 8.5 % SNF in Rs/kg

• Rs 35.5 to Rs 38.5 landed at the plant ( Rs 32-35/ltr (incl of logistics and comm)to farmers)  

SMP prices in Rs per kg

• Rs 260-340 

Butter

• Rs 370-415per Kg

Ghee Prices  

• Rs 390-490  per kgs