No cooling off in SMP/WMP

1. No significant change in prices in the last 20 days for SMP/WMP, which cannot be taken as the indicator for cooling down of the prices.
2.Fonterra Raises 2007 Payout on Record Prices, Output :New Zealand farmers who own the cooperative and supply its milk will get paid NZ$4.46 a kilogram for the year ended May 31 ,Fonterra's NZ$5.6 billion ($4.5 billion) payment raises the risk that spending by farmers will stoke economic growth Fonterra accounts for about 40 percent of the international trade in dairy products and almost 7 percent of New Zealand's economy.
3.High dairy prices affect Hershey's earnings :High dairy prices meant Hershey's operating margins fell to 3.1 per cent for the quarter ended 1 July, compared to 17.3 per cent for the same period in 2006.
4.Starbucks increasing drink prices:The coffee conglomerate says by July 31 prices on hand-brewed coffee will increase by nine cents. The reason: higher dairy, energy and fuel prices.
5.Britannia adds to its dairy business:Britannia, which also makes bread, cake and cheese, is test-marketing yogurt in Bangalore and will extend it to other markets soon, Vinita Bali said We're looking at extending our dairy portfolio and evaluating other opportunities,"
6.Dairy farmers peturbed over rising milk prices, Reliance Retail moves into dairy sector: Dairy officials were quoted by the Financial Express as saying that rising SMP prices have forced dairies to increase price at least three times in last one year. Reliance Retail is at present procuring 10,000 litres per day at its procurement centre in Atmakur in Nellore district. The packaging, which is outsourced, is being done at Vikarabad in Ranga Reddy district.

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