Indian exports down

With prices of skimmed milk powder (SMP) dipping by almost 40 per cent in the last few quarters, Indian dairy majors say exports will dip significantly. The country’s largest dairy cooperative, Gujarat Cooperative Milk Marketing Federation (GCMMF) says that its exports could be down by almost 50%, while Karnataka’s Nandini has not done much in exports this year. The international prices are down primarily due to oversupply. Amul’s Sodhi says it is eyeing new export markets like Russia, which has recently opened up to Indian dairy exports.

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