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.