Milk procurement prices likely to remain stable/ lower in near term
ICICI Securities Report Key observations for milk prices based on our discussions with dairy companies and channel checks are: Wholesale milk prices have risen YoY in August 2023; there is a steady deceleration in milk price inflation in south India; inflation has declined from 12.8% in December 2022 to 9.6% in Aug-23 (but inflated on […]
Wholesale prices contract but milk inflation at 8.59%
Wholesale prices contracted for the third consecutive month in June on the back of lower prices of manufactured items, reiterating the fact that falling commodity prices are contributing to a cost deflation in the Indian economy. The Wholesale Price Index (WPI) contracted by 4.12% in June reaching its lowest value since October 2015 according to […]
Very Low correlation between milk production and monsoons
Is your breakfast going to get costlier soon? Well, the answer may lie in the start and spread of monsoon in India, which so far has been late and scanty. The price of milk, a key food item and essential ingredient in India’s favourite beverages tea and coffee, is typically determined by supply, which is […]
World’s largest producer of milk hits a dry patch
In March 2022, a full-cream packet of Amul milk cost ₹60/litre. The one-litre pouch now costs ₹66. Since 2021, milk prices in India have been on a boil. Prices have been hiked across brands and the recent hike in February 2023 was Amul’s fifth increase since 2021. In April 2023, the average price for a […]
