Parag Milk Foods Limited (PMFL), a leading manufacturer and marketer of dairy-based branded products i announced its unaudited financial result for the quarter and half year that ended September 30, 2023, reporting the total revenue for the quarter at ₹7,981.6 million registering a growth of 20.1 per cent y-o-y. Despite the high festive base of last …
AMF index up 3.1%, average price US$5,489/MT (€5,110/MT) Butter index down 1.6%, average price US$4,890/MT (€4,553/MT) BMP index up 3.5%, average price US$2,323/MT (€2,163/MT) Ched index up 4.5%, average price US$4,042/MT (€3,763/MT) LAC index up 19.2%, average price US$718/MT (€668/MT) SMP index up 2.3%, average price US$2,724/MT (€2,536/MT) WMP index down 2.7%, average price US$2,971/MT …
Global Dairy Trade Event 343 concluded with the GDT Price Index down 0.7% Read More »
Regular grade whole milk powder (WMP) prices sold at Global Dairy Trade (GDT) Pulse auction platform were down at last week’s auction, settling at US$2,930/t. This price was US$45/t or 1.5% lower than the price achieved at the previous pulse, and down US$85/t or 2.8% from the price achieved for C2 regular WMP at GDT …
Global Dairy Trade (GDT) Pulse and forecast offering volumes Read More »
Fonterra Co-operative Group Ltd can today confirm that the sale of Fonterra and Nestlé’s Dairy Partners Americas (DPA) Brazil joint venture* (JV) to French dairy company Lactalis is complete. Fonterra CEO Miles Hurrell says when the Co-op announced the sale in December 2022, it noted the sale was subject to regulatory approvals. These approvals have …
Fonterra and Nestlé complete sale of DPA Brazil Read More »
The dairy market in India size reached INR 14,899.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 31,185.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028. Report Attribute Key Statistics Base Year 2022 Forecast Years 2023-2028 Historical Years 2017-2022 Dairy Industry in India Size in 2022 …
The Global Dairy Trade (GDT) Pulse auction witnessed a subpar performance, causing concerns in the milk powder markets. Additionally, China’s trade data for the month revealed disappointing figures, further contributing to market unease. The GDT introduced skim milk powder (SMP) to its Pulse auction, with SMP values experiencing stabilization in September and a robust recovery …
Fear and Volatility: GDT Pulse Auction Sends Shockwaves through Milk Powder Markets Read More »
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Jayen Mehta to lead Amul to Rs 1 Trillion by FY 26 Read More »
Slowing supply growth out of other major exporting regions has begun to shift the outlook within the global dairy market in recent weeks, as the impact of weaker commodity prices has flowed through to production responses. While this changed dynamic is supportive of dairy commodity prices, the strength of this rebound really will be determined …
Banas Dairy, the biggest diary of Gujarat, Saturday said it planned to invest Rs 2,100 crore in the state, stated an official release. A Memorandum of Understanding (MoU) in this regard will be signed by Banas during the Vibrant Gujarat summit held during January 10-12 next year. These investments are expected to create 1,094 new …
Banas Dairy to invest Rs 2,100 crore in Gujarat, signs MoU Read More »
The continued decline in cow numbers combined with high temperatures last year resulted in a fractional fall in milk production in the EU during 2022, according to latest analysis. The latest Dairy Market Review published by the Food And Agriculture Organisation of the United Nations (FAO) highlights that a lack of rain and inflationary pressures …
