Business Standard

Skimmed milk powder prices up 20%

Related News

The prices of skimmed milk powder (SMP) and have gone up by 20 per cent and 11 per cent, respectively, over the last one-and-a-half month as demand increased ahead of Lohri and Makar Sankranti. Some, however, also attribute the rise to higher international milk prices.
 
The prices of SMP of various brands in Delhi have jumped by more than 20 per cent over the period. The price of Madhusudan SMP, for instance, has risen from Rs 104 a kg to Rs 126 a kg over during period.
 
Even pure ghee prices have risen from Rs 1930-1940 (for 15 kg tin) to Rs 2150-2200, implying a rise of about Rs 14 a kg. Param premium ghee, that was selling at Rs 1935 towards November end, is now selling at Rs 2150.
 
"The rise of price is in tune with rising international price, currently ruling at $3299 per tonne, up by about 10 per cent in couple of months. The farmers are also getting a price higher by Rs 2-3 per litre. This will encourage the farmers to invest more in livestock", said RS Sodhi, general manager of the Gujarat Cooperative Milk Marketing Board.
 
"There is a spurt in demand for milk and ghee due to festivals like Lohri and Makar Sankranti", said Brijesh Gupta, vice-president, Param Dairy Products.
 
"In January, the stockists buy in large quantities for their year-long supply as the milk quality is better around the time. This can be a factor responsible for the price rise", said an industry player.
 
Earlier, the price went up during Diwali and Eid, as there was huge demand for khoya and ghee, used for making sweets and other delicacies. During that period, price of SMP was ruling at about Rs 130 a kg while the price of ghee stood at Rs 2500 for 15-kg tin.
 
Industry sources anticipate that the price of ghee will see further rise of about Rs 4-5 a kg in a month.
 
However, the price of SMP will stabilise at the current rate of Rs 120-125 a kg.
 
HIGH AND DRY
 
  • The prices of SMP of various brands in Delhi have jumped by more than 20 per cent

  • Even pure ghee prices have rose from Rs 1930-1940 (for 15 kg tin) to Rs 2150-2200, implying a rise of about Rs 14 a kg

  • The rise of price in milk is in tune with rising international price, currently ruling at $3299 per tonne
  •  
     

    Read more on:   
    |
    |
    |
    |
    |

    Skimmed milk powder prices up 20%

    The prices of skimmed milk powder (SMP) and desi ghee have gone up by 20 per cent and 11 per cent, respectively, over the last one-and-a-half month as demand increased ahead of Lohri and Makar
    The prices of skimmed milk powder (SMP) and have gone up by 20 per cent and 11 per cent, respectively, over the last one-and-a-half month as demand increased ahead of Lohri and Makar Sankranti. Some, however, also attribute the rise to higher international milk prices.
     
    The prices of SMP of various brands in Delhi have jumped by more than 20 per cent over the period. The price of Madhusudan SMP, for instance, has risen from Rs 104 a kg to Rs 126 a kg over during period.
     
    Even pure ghee prices have risen from Rs 1930-1940 (for 15 kg tin) to Rs 2150-2200, implying a rise of about Rs 14 a kg. Param premium ghee, that was selling at Rs 1935 towards November end, is now selling at Rs 2150.
     
    "The rise of price is in tune with rising international price, currently ruling at $3299 per tonne, up by about 10 per cent in couple of months. The farmers are also getting a price higher by Rs 2-3 per litre. This will encourage the farmers to invest more in livestock", said RS Sodhi, general manager of the Gujarat Cooperative Milk Marketing Board.
     
    "There is a spurt in demand for milk and ghee due to festivals like Lohri and Makar Sankranti", said Brijesh Gupta, vice-president, Param Dairy Products.
     
    "In January, the stockists buy in large quantities for their year-long supply as the milk quality is better around the time. This can be a factor responsible for the price rise", said an industry player.
     
    Earlier, the price went up during Diwali and Eid, as there was huge demand for khoya and ghee, used for making sweets and other delicacies. During that period, price of SMP was ruling at about Rs 130 a kg while the price of ghee stood at Rs 2500 for 15-kg tin.
     
    Industry sources anticipate that the price of ghee will see further rise of about Rs 4-5 a kg in a month.
     
    However, the price of SMP will stabilise at the current rate of Rs 120-125 a kg.
     
    HIGH AND DRY
     
  • The prices of SMP of various brands in Delhi have jumped by more than 20 per cent

  • Even pure ghee prices have rose from Rs 1930-1940 (for 15 kg tin) to Rs 2150-2200, implying a rise of about Rs 14 a kg

  • The rise of price in milk is in tune with rising international price, currently ruling at $3299 per tonne
  •  
     
    image

    Read More

    'Stressed' cement firms planning to raise rates

    Cement manufacturers are mulling to raise prices following the recent rail freight hike as well as last week's petrol and diesel price increase. ...

    Recommended for you

    Quick Links

    Market News

    Nickel rises by 0.1% on Asian cues

    Traders strengthened positions amid a firming Asian cues

    Oil prices rise further in Asia

    Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

    Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

    Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

    Pharma shares in focus; Aurobindo Pharma hits new high

    JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

    Infinite Computer gains on board approval for share buyback proposal

    The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

     

    Back to Top