11January2022 Nuflower Foods Engagement Diary
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.