International skimmed milk powder (SMP) prices hit a seven-month high, bringing cheers to dairy owners across India

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International skimmed milk powder (SMP) prices have hit a seven-month high, reports Indian Express. Last week, prices of SMP at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $2,889 per tonne. This was a 8.5 per cent jump over the previous auction rate of $2,663 on September 1 and […]

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Amul plans to invest Rs 1,500 crore to set up dairy, edible oil, bakery and potato processing plants

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The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), owner of the famed Amul brand in India, has plans to invest around Rs 1,000 crore over the next two years to set up milk processing plants. Another Rs 500 crore will be invested on facilities for new products like edible oil, Managing Dierctor R S Sodhi […]

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Modern food fads shaking up agricultural commodities world

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Big agricultural traders are learning to deal with new consumer tastes and appetites, as three modern food fad trends — gluten-free food, “war on sugar” and resurgence of butter — are shaking up agricultural commodities trade. And “Big Ag”, as the world’s largest agricultural traders are known, are already responding. Revenues for organic, gluten-free and […]

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Butter spreading, but protein failing to lift – Rabobank

There is hesitation in the market as the outlook for currency changes, production levels, and stocks fuels short-term volatility, according to the Rabobank Global Dairy Quarterly Q1 2017. With butter prices continuing to trade at near-record levels, it’s tempting to talk of ‘market spreads’. “The spread between the elevated butter prices and skimmed milk powder […]

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India’s fluid milk output seen rising by 4 pct in 2017 to 160 million metric tonnes – USDA

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India’s fluid milk milk production in 2017 is projected to increase by four percent to 160 million metric tons (MMT) assuming a normal monsoon, the United States Department of Agriculture said in a report. With rising incomes, urbanisation, and demographic changes, demand for most of the value added milk products is rising, it said, adding […]

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