Reimagining Dairying in Maharashtra: A Call for Sustainable Solutions
As per Sh Dashrath Mane CMD Sonai dairy, today the Maharashtra State government has given orders to dairies in Maharashtra for the implementation of ₹5/L milk subsidy to farmers directly subjected to the mandatory condition of base rate of ₹30/L to be paid by dairies. Dairies were paying ₹27.00/L to the farmer earlier which shall […]
Nashik Dairy Farmers Call For Urgent Milk Price Increase
Dairy farmers have launched widespread agitations and demonstrations across Nashik, demanding an immediate increase in milk prices. The current payment of ₹22 to ₹27 per litre to producers is significantly lower than the government-announced rate of ₹34 per litre. Compared to other states, milk producers in Maharashtra receive ₹10 to ₹12 less per litre, exacerbating […]
GDT price index records first decline since March 2024
The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases. […]
Indian dairy exports in FY 24 showed better value realisation in global markets
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!
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
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%
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
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
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
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 […]
