Glut Supply of Milk Prompts GOI to Offer Export Incentive When the state government of Maharashtra reduced the the cooperatives’ purchase price of milk from farmers to Rs.18/lit, a drop of over 21.73 percent from Rs.23/lit, private players lowered the prices offered to farmers outside of the cooperative system. That had a cascading effect, and the reason for this situation is a supply glut. The current cost of production at farm is Rs.22-23/lit, the same as farmers were receiving. The cooperatives would give a bonus based on the profits accrued at the end of the year, but farmers’ returns via sales would go down with the current reduced milk price. The retail milk prices remained unchanged, however. Because of the drop in proc...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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Illuminating the value of technical research
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