25 August 2021 Nuflower Foods Engagement Dairy
Had a Detailed discussion with Vishwas Ji of Nuflower on SMP Fundamentals and Outlook . Also had a pricing strategy discussion on SMP procurement:
- SMP Outlook in the coming month is looking stable to positive. Festive demand in September and October can support SMP prices. Also, lean milk arrivals in North India is supporting the prices amid low trade of SMP
- Monsoon is delayed which has impacted the calving cycle in Northern region. SMP prices in South and Western region has stabilised around INR 200-220 levels from the last 2 months.
- Recommended them to procure for September and October requirement at INR 200 per kg.