China plays a critical role in global dairy markets as the world’s largest importer. In 2023, China’s annual import deficit is estimated at 11.9m metric tons liquid milk equivalent (LME). In the short term, the industry is rebalancing following a period of rapid domestic supply growth (from 30.4m metric tons in 2017 to 39.3m metric […]
Demand in China for dairy imports is in decline as the country faces a sharp slowdown in economic growth. Historically there has been a strong relationship between China’s economic growth and its level of dairy imports. For the year to date (Jan-Sep) China has imported 2.3million tonnes of dairy products, a 20% drop year on year
China’s dairy imports remain in decline Read More »
As the third largest producer of milk globally and the largest importer, China is a very important part of the global dairy market. A recent Rabobank report examined how developments in the Chinese dairy sector could affect the global dairy trade. Key Points Chinese domestic milk production has tripled since 2002 An increasing proportion of
Rabobank report: the Chinese market and global dairy trade Read More »
The annual general body meeting of the Kerala Co-operative Milk Marketing Federation, known by its brand name Milma, has adopted a growth-oriented budget for 2023-24 pegging the revenue at ₹680.50 crore and expenditure at ₹679.28 crore, anticipating a surplus of ₹1.22 crore during the financial year. The AGM also adopted resolutions covering a wide range of key
Milma’s 2023-24 budget anticipate ₹1.22 crore surplus Read More »
Key Results AMF index down 5.3%, average price US$4,452/MT Butter index down 3.0%, average price US$4,539/MT Ched index up 5.8%, average price US$4,127/MT SMP index down 5.2%, average price US$2,333/MT WMP index down 10.9%, average price US$2,548/MT Buffalo milk 6.0% fat and 9 % SNF in Rs /kg Amul        Â
Global Dairy Trade Event 338 concluded with the GDT Price Index down 7.4% Read More »
In a groundbreaking move aimed at boosting dairy farming across the state of Uttar Pradesh, the Yogi Adityanath-led government recently announced a substantial 50% subsidy for dairy farms consisting of 25 cows. This bold initiative has created significant buzz within the agricultural community and among potential dairy farmers. In this article, we delve deep into
Yogi Government’s Announces 50% Subsidy on Dairy Farms with 25 Cows Read More »
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 »
