11January2022 Nuflower Foods Engagement Diary

Engagement Dairy

Nuflower Foods

11-Jan-2022

Current SMP fundamentals-

As per the expectations, prices have declined by INR 5-10 per kg from December.
Milk arrivals have improved due to ongoing flush season in India.
Low marriage demand as well as mid day meal demand is also putting pressure on prices.
Export Subsidy has been extended till JFM’22.

Current procurement recommendation.

It is the good time for procurement as prices are under pressure due to low demand. However for medium term, we should wait for 1-2 weeks for better prices.