Fonterra has today announced an opening 2023/24 season forecast Farmgate Milk Price of $7.25 to $8.75 per kgMS, with a midpoint of $8.00 per kgMS, updated its current season forecast Farmgate Milk Price, increased its full year earnings guidance, and brought forward the payment date of its proposed capital return.  CEO Miles Hurrell says while …
Rabobank lowers its 2023 milk production forecast. Milk production from the Big 7 export regions is anticipated to grow by 0.3% YOY in 2023. The downgrade from last quarter’s estimate of 0.5% is driven by reductions in most key global regions, including the US, EU, and New Zealand. Into 2024, output is expected to climb …
Global Dairy Quarterly Q3 2023: Progressing Past the Pain Read More »
A family whose members share a long running friendship. That is the underlying goodness of Parsi Dairy Farm. As you enter through the new fire engine red door, you see the ‘unchanging wall’ that tells stories of a time when ghee was sold in tin cans; milk came to your doorstep in glass bottles delivered …
When Family Are Friends: The Secret Of Parsi Dairy’s Successful 107-Year Run Read More »
Raw milk procurement prices are expected to witness correction due to improvement in milk availability with the onset of the flush season in H2 FY2024. Consequently, industry profit margins are expected to start improving sequentially, the rating agency Icra said in a report. Domestic milk supply was impacted in FY2023 due to the incidence of …
Gross Margins For Dairy Companies To Improve In FY2024 Read More »
Dodla Dairy’s MD, Sunil Reddy Dodla, foresees stable milk prices and positive growth for value-added products. In an interview with CNBC-TV18, Sunil Reddy Dodla, the Managing Director of Dodla Dairy, shared valuable insights into the current state of the dairy industry and the company’s strategic outlook for the future. He reassured consumers and stakeholders that …
Global Dairy Trade Event 336 concluded with the GDT Price Index down 1.0% Read More »
Dodla Dairy’s MD, Sunil Reddy Dodla, foresees stable milk prices and positive growth for value-added products. In an interview with CNBC-TV18, Sunil Reddy Dodla, the Managing Director of Dodla Dairy, shared valuable insights into the current state of the dairy industry and the company’s strategic outlook for the future. He reassured consumers and stakeholders that …
Milk prices shall remain stable for a couple more quarters Read More »
Amul takeover of Chittoor Dairy, a welcome step It was recently reported that Amul is going to take over Chittoor Dairy per the MoU entered with the State government. Chittoor Dairy was once a successful Vijaya Dairy unit in the State and went out of scene by 2002. By then several private dairies had started …
HDFC Bank, State Bank Of India, PNB, Som Distilleries, Suzlon Energy, Nestle India Asian shares face headwinds Monday after the rally in U.S. bonds and stocks hit a wall Friday amid concern that the Federal Reserve can’t claim victory over inflation yet. Equity futures for Australia were little changed while those for Hong Kong dropped …
HDFC Bank, State Bank Of India, PNB, Som Distilleries, Suzlon Energy, Nestle India Read More »
The increase is likely as retail milk prices have already risen 10% in a year and 22% in three years. Sharma also notes that poor monsoon and higher fodder prices could further impact milk prices. Milk prices may also rise if productivity gets hit because of anticipated poor monsoon in August and September and fodder …
Maharashtra government, Minimum milk price, Radhakrishna Vikhe Patil, Rs 34/liter The Maharashtra government on Friday announced a minimum procurement price of Rs 34 per litre for cow milk. This is the lowest rate which dairy firms must pay to farmers to buy milk. The earlier rate was approximately Rs 32. The state plans to revise …
Maharashtra fixes Rs 34/ litre procurement price for cow’s milk Read More »
