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 […]
Govt. urged to increase milk procurement price
The Tamil Nadu Milk Producers’ Welfare Association (TNMPWA) on Thursday has urged the State government to increase the milk procurement price. Recently, the Salem district Deputy Registrar (dairy) P. Senthill Kumar said that farmers, who are members of cooperative milk societies, should supply milk to the society or they would be removed from the society’s […]
Mother Dairy contributed in ensuring higher price of milk for farmers’
The milk sold by farmers got higher prices due to the advent of Mother Dairy, said Union Minister Nitin Gadkari. He was speaking at a conference on ‘Vidarbha’s Dairy Development’ at the 13th Agrovision Agricultural Exhibition being held at PDKV Grounds in Dabha, Nagpur. He said that the entry of Mother Dairy created competition in […]
Milk prices have started inching upwards as flush season culminates
Prompted by rising milk procurement prices, private dairy companies as well as co-operatives have been making moderate price hikes, according to a report by brokerage ICICI Securities. “While the co-operatives had raised prices in Q3FY22, the dairy companies had deferred the price hikes. We note the private dairy companies have also raised selling prices by ₹2 […]
