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

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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.”