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Indian dairy exports in FY 24 showed better value realisation in global markets

Indian dairy exports FY 24 dairynews7x7

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!

Hastun agro Gross margins moving up dairynws7x7

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

GDT price index 16th April 2024

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 […]

Global Dairy Trade Event 352 concluded with the GDT Price Index down 2.8%

GDT price index goes down again by 2.8% dairynews7x7

Global Dairy Price index dropped by 2.8% in today’s Global Dairy trade event. The index has reached to a level of USD 3497/MT. This is a second consecutive drop in the index since last month. One of the major reason behind this drop  is the sluggish global demand . From Indian market perspective it is […]

GDT: Increase in SMP and Butter global prices raise hopes in India

GDT: Increase in SMP and Butter global prices raise hopes in India - Dairy News 7X7

Good news for farmers in the latest Global Dairy Trade auction, held overnight, with a 4.2 per cent increase across the board. This is the third positive event of the 2024 calendar year, with the index kicking off the new year with a 1.2 per cent bump on January 3 and 2.3 per cent at the last event […]

Dairy prices take a breather

Dairy prices take a breather - Dairy News 7X7

While the key whole milk powder prices dipped 2.7%, five other products on Global Dairy Trade (GDT) auction recorded price rises. Lactose prices spiked over 19%, while skim milk powder, cheddar, anhydrous milk fat and butter milk powder prices all rose between 2% and 4%. Butter was the other product to post a price fall […]

WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event

WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event - Dairy News 7X7

The GDT Price Index took a step down at the latest Global Dairy Trade Event. After four consecutive sessions of growth since September the index has softened by 0.7%. The average price reported at the latest event (7 November 2023) was $3,255. This had been recovering for the previous four consecutive periods, reversing the previous […]

Butter and milk powder mix sold as ‘milk’ to Aavin, one suspended

Butter and milk powder mix sold as ‘milk’ to Aavin, one suspended - Dairy News 7X7

People who don’t have cows have been selling ‘milk’ to cooperative societies by mixing butter with milk powder, that too with the help of some insiders. In the latest instance, Aavin has suspended a driver on Chennai’s outskirts in connection with the adulteration which has been going on for at least a month. Following complaints about the quality from milk […]

Global Dairy Trade Event concluded with the Price Index up 2.7%

Global Dairy Trade Event concluded with the Price Index up 2.7% - Dairy News 7X7

Dairy prices have risen in the Global Dairy Trade auction for the first time in four months. The average price increased 2.7 percent to US$2888 per tonne after hitting a near five-year low at the last auction in August. The all-important whole milk powder price – which affects the payout for local farmers – rose 5.3 percent to US$2702 […]

Fonterra to increase offer quantities on Global Dairy Trade (GDT)

Fonterra to increase offer quantities on Global Dairy Trade (GDT) - Dairy News 7X7

Fonterra announced today in a press statement that, as of now, the Fonterra Co-operative Group has increased its offer of quantities for whole milk powder (WMP) and skimmed milk powder (SMP) for the next twelve months. The offering of WMP will increase by 20,000 mt over the coming 12 months, while the SMP offering will […]