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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Interview – Amul grew bigger during lockdown, but there are challenges ahead for industry, says Sodhi

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Many large companies struggled with severe supply chain bottlenecks during the Covid-triggered lockdowns in India, but Amul – one of the biggest brand — only got bigger, gaining more market share as household demand for milk and milk products rose with people stuck at home, R.S. Sodhi, Managing Director of the Gujarat Co-operative Milk Marketing […]

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Global food commodity prices rose in June, the first time this year on rebound in vegetable oil, sugar and dairy – FAO

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In June, global food commodity prices rose for the first time since the beginning of the year driven by a rebound in vegetable oils, sugar and dairy quotations, the UN food agency said in its latest monthly report. However, in the cereals and meat markets, most prices remained under downward pressure amid market uncertainties posed […]

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Interview – Dairy along with pharma can boost India’s exports

The growing global mistrust of China in the wake of Covid-19 crisis would ultimately provide an opportunity for India to consolidate its place in international trade, as it had certain inherent strengths it could harness, said Ramesh Chandra Joshi, Professor & Chairperson (International Collaborations & Research) as the Indian Institute of Foreign Trade (IIFT). “Pharma […]

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Global commodity food prices fall for fourth straight month on weak demand as economies shrink due to pandemic

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Global commodity food prices fell for the fourth consecutive month in May, as supplies appear strong and demand weakens due to economic contractions triggered by the COVID-19 pandemic, the Food and Agriculture Organization (FAO) of the United Nations reported today. The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, averaged 162.5 points […]

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Prices of dairy products in India unlikely to rise in short term after lockdown hits demand, says CRISIL

Supply chain disruptions in the early weeks of the two-month nationwide lockdown and bread-and-butter issues for hotels, restaurants and cafes that had to shutdown, have materially reduced demand for dairy products in India, ratings and research firm CRISIL said in a report. This is despite supply of most dairy products continuing during the lockdown, since […]

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