Inside Financial Markets

Non Food Dairy Milk prices have touch USD.1450/ton . Positive for Efoods

engro foodsNon Food Dairy Milk prices have touch USD.1450/ton . Positive for Efoods

Non Food Dairy Milk (NFDM) prices have touch USD.1450/ton during first week of August, 2015. Positive for Efoods as these prices have declined 50% ¬†from USD.2950/ton in March. Efoods to witnessed significant margin expansion in 4Q CY15 onwards. Amreen Sorani Analyst JS Global said “International whole milk powder prices tumble to 10-year low to US$1,590/ton, down 10% WoW. Average milk powder prices for 3Q2015TD have remained at US$1,831/ton against US$2,399/ton in 2Q2015, while current prices are down 32% QTD. We believe lower raw material prices may support EFOODS gross margins in 3Q2015.”

Ahsan Baig

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute

CANADIAN SECURITIES COURSE - Inside Financial Markets

CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)