Milk prices are expected to remain high this summer due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the first bi-monthly monetary policy of 2023 on Thursday. “Milk prices could remain firm due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...
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Milk prices defy seasonal trend as supply pressures build -Harish Damodaran
-The Indian Express On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions and tomatoes aren’t on fire like they were only a couple of months ago. That...
More »Milk prices could increase by Rs 8-10 in summer due to fall in production, fodder shortage -Samyak Pandey
-ThePrint.in Stakeholders ask Modi govt to import milk & milk products to create buffer stock. This would make India a net importer for the first time since 2011-12. New Delhi: A shortage of fodder and a resultant decline in milk production and procurement has meant that prices of the essential item could increase by Rs 8-10 in the summer. Citing this dairy shortage, multiple milk federations and the Indian Ice-Cream Manufacturers’ Association (IICMA)...
More »RCEP: A rural disaster -Vijoo Krishnan
-The Hindu Business Line It will deepen the ASEAN FTA impact Fast-paced moves are on to conclude the talks on the Regional Comprehensive Economic Partnership (RCEP) and seal an agreement. There have been noises of protest from the Congress party which was the chief architect of the India-ASEAN Free Trade Agreement (FTA) and numerous other FTAs in the pipeline. Protests even from within the Sangh Parivar have not deterred the Modi government...
More »Milk prices set to go up this year -Madhvi Sally
-The Economic Times Milk prices are likely to go up in 2019, cooperative dairies said, as supplies are less than usual during this period. Lower returns to farmers have led to the drop in milk production in winter, when supplies tend to go up, they said. “Milk prices are bound to increase in 2019. Low stocks of skimmed milk powder (SMP) and a drop in milk supplies compared to previous year are the...
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