Interesting articles. When you have free time, read them
Interesting articles. Modern Dairies looks attractive after the market correction.
http://www.radionz.co.nz/news/latest/200703080753/strong_dairy_prices_lift_returns
http://www.israel21c.org/bin/en.jsp...w&enDispWhat=object&enVersion=0&enZone=Health
http://canberra.yourguide.com.au/de...=habitat&story_id=562907&category=environment
http://www.manilatimes.net/national/2007/mar/12/yehey/business/20070312bus1.html
Milk, dairy prices to surge on supply lack
By Katrina April Mennen A. Valdez, Researcher
PRICES of milk and other dairy products are expected to surge this year following its limited supply in the world market, a Nestl Philippines Inc. top executive said.
Nandu Nandkishore, the company’s chief executive officer, said consumers should expect as much as a 50-percent increase in prices.
Nandkishore said scarce supply brought about by the drought in Australia and New Zealand would be responsible for the price spike. Australia and New Zealand are the major suppliers of milk.
The Nestl executive said local consumers have begun enduring a 5-percent increase in prices since February. He said this monthly 5-percent hike would accumulate to 50 percent for the whole year.
The average inflation rate in February dipped to a four-year low of 2.64 percent for all items, while price increases for dairy products alone stood at a higher 4.24 percent, according to a recent report by the National Statistics Office. Higher inflation for dairy products, corn, eggs and cereal preparations bid up food price increases to 3.02 percent.
Despite rising prices, the recent strengthening of the peso against the dollar has eased somewhat the surge in milk product prices, Nandkishore said. Last year, world prices of milk reached $2,200 per ton.
Nestl produces infant milk, which is formulated to supplement breast milk. These brands include NAN, PRENAN, Nestrogen AL 110 and ALFARE. Products for young children and adult include Nido, Bear Brand and Alpine.
Nandkishore said the company intends to increase its production capacity for milk products and growing-up milk.
Compared to other countries, the per-capita consumption for milk in the Philippines has been declining by almost 15 percent over the last five years, he said.
From 21 liters in 2005, the Philippines’ per-capita consumption for milk was down to 18 liters in 2006. Indonesia has a smaller consumption at 10 liters, while Thailand and Malaysia consume more.
India consumers 80 liters of milk per capita, while European countries use up 300 liters.
Nandkishore said a big part of the company’s investments at P1.3 billion will be allotted to promoting higher consumption of milk in the domestic market.
