Dairy focused Moneyboxx Finance reports smooth collection during moratorium period

moneyboxx-branch.jpeg

In what could be seen as an example of India’s agri and allied business doing well despite harsh economic impact of Covid-19, Moneyboxx Finance that is focused on lending to the dairy sector has reported high repayments even during the government-mandated loan moratorium between April and Septembet. “ In the April- June quarter when the loan […]

Read more

Liquid milk sales in India to sustain momentum despite fall in institutional demand due to Covid – report

robin-worrall-H5Y2Nb8hreU-unsplash-scaled.jpg

Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]

Read more

Global food prices continue rising in October

2-2-scaled.jpg

Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 100.9 points in October 2020, […]

Read more

Global food commodities index rises as prices of several staples reach multi-month highs

2-2-scaled.jpg

The global benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019. […]

Read more

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

milk.jpeg

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 […]

Read more

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

SAX_1747-scaled.jpg

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 […]

Read more

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

stijn-te-strake-UdhpcfImQ9Y-unsplash-scaled.jpg

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 […]

Read more