commodity tipsFutures tipmcx tipsStock advisory CompanyStock Advisory in IndoreStock Market TipsTop 10 advisory company in Indore
Commodity Tips, Milk powder prices see some recovery but industry seeks import restriction
Sources in the sector say the lean season for cow milk has started in Maharashtra, Tamil Nadu, and Karnataka
There are signs of recovery for the country's dairy farmers, struggling with both surplus stock and an inability to export due to low prices abroad of skimmed milk powder (SMP).
The industry says SMP prices have risen by Rs 10-12 a kg in the past fortnight, both at home and abroad. Things, however, are complicated by growing import of whey powder and lactose, due to lower international prices.
International prices of SMP are Rs 115-120 a kg; in India, around Rs 150 a kg. The domestic price is low by normal standards and dairies find it unviable to convert liquid milk into SMP for sale. For every 100 kg of cow milk, around 8.5 kg of SMP and 3.5 kg of ghee can be produced. SMP processing is relatively expensive as compared to processing of liquid milk and requires prices at a certain level to be viable.
“Prices have started showing some signs of recovery in both domestic and international markets and this is the first sign of revival. If the government now does some buffer stocking or announces an export subsidy to allow some consignment to go out of the country, the crisis is averted,” said R S Sodhi, managing director of the country's largest dairy entity, Gujarat Cooperative Milk Marketing Federation (GCMMF, producers of the Amul brand).
Call right now @9644405056 get the best offer, click here & Read More… Top 10 advisory company in Indore
1 comments
Commodity Tips
ReplyDeleteRudra Investment SEBI Registered Commodity Market Expert gives the best information of mutual fund investment. Information that may not be included in a fund's prospectus is its annual report.
Note: only a member of this blog may post a comment.