In the wake of rising prices of value added products like cheese, butter and skimmed milk powder in the international market, GCMMF MD R S Sodhi see an opportunity for Indian dairies, reports Business Standard.
Reacting to the news, R.S.Sodhi MD GCMMF is quoted by the Daily “taking advantage of the surge in the prices of dairy products in the international market, Indian companies could easily boost their exports.”
Sodhi is quoted claiming Indian dairy exporters have created a trust and confidence in the global markets for their products. As per the data, the spike is mainly caused by reduced supplies of products from New Zealand.
White butter, for example, is Rs 250 a kg here and Rs 380-390 a kg ($5,850 a tonne) in international markets). Cheese prices abroad are quoted at $6,800 a tonne (Rs 457 a kg), compared to less than Rs 400 a kg in India.