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Milk prices in India have risen more than 15% over the past year to a record area near 56 rupees per litre. Lumpy skin disease and reduced breeding stock are constraining supply, prompting the government to step up imports of skim milk powder.
Higher Indian import demand for skim milk powder is expected to tighten global dairy supplies and lift international prices.
reuters.comRajendra JadhavApr 4, 2023After 22 past bullish disease events, Milk (Class III) moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
