13December2021 Nuflower Foods Engagement Dairy
Current SMP fundamentals-
- As per the expectations, prices have declined by INR 10-15 per kg.
- Milk arrivals have improved due to ongoing flush season in India.
- Low marriage demand is also putting pressure on prices.
Current procurement recommendation.
- 15th December-30th December is the good time for procurement as prices are under pressure due to low demand .It is better to book SMP for 1-2 months of requirement CMP(current market price).