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SMP prices average, India


This page lists the average monthly prices of dairy products, recorded in India.

In the table are listed the prices in the last three years, while the charts show the prices trend in the same time period. the prices are expressed in € and in the local currency.

In the following graphs are listed:
  • the comparison between the prices in local currency and Euro.
  • the comparison between the prices of dairy products in time.

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India, with an agricultural area that barely surpasses that of EU-27, faced the challenge of feeding over one billion four hundred thousand people by increasing its agri-food production.

During this process, India became the World Largest producer of Milk (cow + buffalo), thanks to its exceptional cooperation-based model.

This interesting challenge led us to outline the contours of this country’s dairy, meat and animal feed markets and left us with the question: what does India need in order to become a major exporter of dairy products?

Discover the new analysis on India >


INR/kg - €/kg
Month 2022
INR
2022
2023
INR
2023
2024
INR
2024
± on prev. mo.
INR
± on 2023
INR
± on prev. mo.
± on 2023
January 231 2,74 316 3,59 244 2,69 +0,41% -22,78% +0,60% -24,91%
February 258 3,03 314 3,55 225 2,51 -7,79% -28,34% -6,68% -29,19%
March 297 3,54 308 3,50 225 2,49 0,00% -26,95% -0,77% -28,68%
April 309 3,75 298 3,31 235 2,63 +4,44% -21,14% +5,36% -20,73%
May 291 3,56 265 2,96 241 2,67 +2,55% -9,06% +1,77% -9,74%
June 278 3,37 277 3,11 248 2,76 +2,90% -10,47% +3,30% -11,16%
July 284 3,51 264 2,91 241 2,66 -2,82% -8,71% -3,73% -8,53%
August 296 3,67 250 2,77
September 313 3,94 260 2,93
October 328 4,05 250 2,84
November 310 3,72 261 2,90
December 295 3,38 243 2,68
Gen - Jul 278 3,36 292 3,27 237 2,63
Variazione (1) +14,9% +22,4% +4,8% -2,5% -18,8% -19,6%
Average 291 3,52 276 3,09
Variazione(1) +26,3% +33,7% -5,3% -12,4%
1) Variation in percentage compared to the same period of the previous year.

Source: Indian Dairy Association

INR/Kg

2019 2020 2021 2022 2023 2024 % on prev. month % on 2023
January 219,00 349,00 278,00 231,00 316,00 244,00 +0,41% -22,78%
February 205,00 334,00 296,00 258,00 314,00 225,00 -7,79% -28,34%
March 205,00 315,00 300,00 297,00 308,00 225,00 0,00% -26,95%
April 235,00 300,00 235,00 309,00 298,00 235,00 +4,44% -21,14%
May 255,00 291,00 185,00 291,00 265,00 241,00 +2,55% -9,06%
June 299,00 273,00 203,00 278,00 277,00 248,00 +2,90% -10,47%
July 297,00 272,00 198,00 284,00 264,00 241,00 -2,82% -8,71%
August 311,00 275,00 210,00 296,00 250,00
September 337,00 286,00 207,00 313,00 260,00
October 315,00 269,00 197,00 328,00 250,00
November 326,00 275,00 222,00 310,00 261,00
December 331,00 267,00 233,00 295,00 243,00
Jan - Jul 245,00 304,86 242,14 278,29 291,71 237,00
Change (1) - +24,43% -20,57% +14,93% +4,83% -18,76%
Jan - Dec 277,92 292,17 230,33 290,83 275,50
Change (1) - +5,13% -21,16% +26,27% -5,27%
Source: Indian Dairy Association
The monthly, cumulative and annual prices are arithmetic averages calculated on the basis of the weekly prices.
1) change from the same period of previous year
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