India: Dairy and Products Annual
Link to report:
FAS New Delhi (Post) forecasts India’s marketing year (MY) 2023 (January-December) fluid milk production to increase by nearly two percent to 207 million metric tons (MMT) assuming normal 2023 southwest monsoon (June-September) and weather conditions ensuring sufficient availability of fodder. MY 2022 fluid milk production is revised lower to 202.5 MMT, the result of an uneven 2022 monsoon season, spiraling feed costs, and the outbreak of Lumpy Skin Disease. Post forecasts MY 2023 butter exports at 55,000 metric tons (MT) on expected sufficient domestic milk supplies and recovery in export demand. Under the same assumptions, skimmed milk powder (SMP) exports are forecast to increase to 60,000 MT, or 11 percent higher than the revised estimated figure for MY 2022.
