India's Dairy Exports Fall in Value to $468M Despite Higher Volumes
Despite a 10% increase in volume, India's dairy exports experienced a decline in value, dropping to $468 million in the fiscal year 2023-24 from a record $588.93 million the previous year.
The downturn in export value is attributed to lower global commodity prices, particularly affecting products like skimmed milk powder (SMP) and casein. In terms of quantity, dairy exports rose to 173,000 tonnes in 2023-24, up from 156,000 tonnes in the preceding year, highlighting a significant increase in shipped volumes amidst declining market prices.
