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Milk Procurement Price Down 10% Retail Rates Unchanged

Milk Procurement Price Down 10% Retail Rates Unchanged - Dairy News 7X7

Several dairies from Maharashtra and northern India have reportedly slashed milk procurement prices by 10 per cent. While these milk prices have been brought down in the last fortnight, consumers are reportedly not expected to get any benefit of this as retail rates remain unchanged. According to a report in the Economic Times, the only […]

GDT price index posts second increase in a row

GDT price index posts second increase in a row - Dairy News 7X7

The Global Dairy Trade (GDT) price index has reported its second increase in a row following the latest trading event. As a result of trade event 331 held today (Tuesday, May 2), the price index rose by 2.5%. This follows an increase of 3.2% after the previous auction on April 18 , which marked the […]

India’s potential dairy fat demand creates uncertainty

India’s potential dairy fat demand creates uncertainty - Dairy News 7X7

According to multiple market sources, India is currently running short of butter and clarified butter (ghee/anhydrous milk fat (AMF)). In a meeting last week, the Indian government announced it was considering whether to import ghee and AMF, or butter. If the government decides to come into the market, then the dairy fat market may find […]

In Jan 23 milk and cream imports jumped 1,024 % $4.87 millions

In Jan 23 milk and cream imports jumped 1,024 % $4.87 millions - Dairy News 7X7

Milk prices, which have been on the uptrend in the country, could soon hit an all-time high, forcing the world’s biggest producer to step up imports to boost supplies and ease cost of living pressures. Farmers are wrestling with a rare double whammy: a lethal condition called lumpy skin disease in their cows and a […]

Global SMP and Butter prices falls to Rs 225 and Rs 405 per kg

Global SMP and Butter prices falls to Rs 225 and Rs 405 per kg - Dairy News 7X7

Third consecutive fall in global price index since February 2023 The global dairy price index has fallen again by 2.6% to reach at a level of USD 3361 per Metric Ton. 148 bidders transacted volumes of 26795MT in the auction held on March 21st 2023 at GDT. The key results are as follows : AMF […]

Do away with different rate of GST on SMP, ghee: Chandramogan

Do away with different rate of GST on SMP, ghee: Chandramogan - Dairy News 7X7

R.G. Chandramogan, Chairman, Hatsun Agro Products, has urged the government to do way with the practice of charging different rates of GST on milk fats and skimmed milk powder (SMP), both of which are milk products. Milk is separated into two parts – SMP (skimmed milk powder) and milk fat. While milk fat is taxed […]

Global dairy prices improves at GDT auction on Feb 7th

Global dairy prices improves at GDT auction on Feb 7th - Dairy News 7X7

The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being shown as below. Global dairy trade event 325 results Feb 07 2023 A total volume of 32582 MT […]

Global dairy price crash bringing focus back to Indian dairy market

Global dairy price crash bringing focus back to Indian dairy market - Dairy News 7X7

Next five months will play a crucial role in the Indian dairy sector. This year saw a phenomenal increase in the price of milk and milk products. The farmers also received the best milk prices for the longest duration. India has already exported more dairy products in the first six months of FY 23 than […]

Demand for dairy falls at global auction at GDT

Demand for dairy falls at global auction at GDT - Dairy News 7X7

The average price at the fortnightly sale fell 4.1 percent US$4360 a tonne, after falling 1.3 percent in the previous auction. The price of wholemilk powder, which strongly influences the payouts for local farmers, was 3.3. percent lower at US$3961 a tonne – the first time price have below the $4000 mark since October. NZX […]

Exports of Indian dairy products top $500-million mark, hit eight-year high

Exports of Indian dairy products top $500-million mark, hit eight-year high - Dairy News 7X7

Indian dairy exports are estimated at an eight-year high in FY22 on strong demand, helped by higher global prices. Provisional data for the first eleven months, from April 2021 to February 2022, indicates that shipments have touched 1.70 lakh tons valued at more than 552 million dollars, a growth of 93% in value and 63% […]