Karnataka bakeries suspend tea, coffee, milk sales in protest
Small traders across Karnataka stopped selling tea, coffee, and milk to protest GST notices based on UPI data. Vendors switched to cash-only sales, wearing black badges, demanding withdrawal of tax notices. Chief Minister Siddaramaiah has called for a small traders meeting today. Bakeries and condiment stores across Karnataka stopped serving tea, coffee, and milk on…
Nestle India Q1 net profit falls on higher costs
Packaged foods maker Nestlé India Ltd’s consolidated net profit fell 13.4 per cent year-on-year in the quarter ended June 30 as higher raw material and finance costs dented earnings despite robust growth in key categories. The fast moving consumer goods (FMCG) company reported a net profit of Rs 646.6 crore on July 24, missing Street estimates,…
Dairy, Apples & Cheese Out Of UK FTA To Protect Farmers
India and the United Kingdom, in their Free Trade Agreement (FTA) finalised on Thursday, chose to exclude certain agricultural goods from tariff concessions—most notably dairy products, apples, and cheese. The decision reflects India’s ongoing strategy to protect its smallholder farmers by shielding them from increased competition. Of the roughly 10 per cent of tariff lines…
Modi Govt Will Open Agri, Dairy Sector, Fears SKM
The Samyukta Kisan Morcha (SKM) said it had “serious apprehensions” that the Narendra Modi government was “surrendering to the diktats” of the US to sign the free trade agreement (FTA) to open the Indian economy, especially agriculture and the dairy sector. The FTA is slated to come into effect from August 1, 2025. In an…
Parag Milk Foods shares tank 6% after muted Q1 net profit
Shares of Parag Milk Foods Ltd fell in Tuesday’s trade after the company reported a tepid set of first quarter results. The dairy producer’s stock declined 5.9 per cent to Rs 238.55 on BSE over its previous close of Rs 253.60 apiece. The stock declined as Parag Milk Foods reported a mere 1 per cent…
GCMMF unanimously elects Ashokbhai B Chaudhary as chairman
Gujarat Cooperative Milk Marketing Federation (GCMMF), popularly known as the Amul Federation and the world’s largest farmer-owned dairy cooperative, today unanimously elected Ashokbhai B. Chaudhary (Chairman, Mehsana Milk Union) as chairman and Gordhanbhai P. Dhameliya (Chairman, Rajkot Milk Union) as vice chairman of the Federation. The election meeting was held on Tuesday and witnessed full…
A Looming dairy drought will stunt the world’s growth
It’s every baby’s first food, and we can’t get enough of it. The world produces close to a billion metric tonnes of milk each year — more than all the wheat or rice we grow. That lead is set to widen over the coming decade, with dairy consumption expected to grow faster than any other…
Milky Mist files draft papers for Rs 2,035 crore IPO
Tamil Nadu-based dairy products maker Milky Mist Dairy Food has filed preliminary papers with the SEBI to raise funds up to Rs 2,035 crore via initial public offering (IPO). The IPO will be a combination of fresh issuance of equity shares worth Rs 1,785 crore and an offer-for-sale of shares worth Rs 250 crore by…
NGT flags potential milk contamination from Ghazipur landfill dairies
The National Green Tribunal (NGT) and Delhi High Court have raised serious concerns over dairies operating adjacent to the Ghazipur landfill in Delhi. Authorities and courts noted that cows grazing near the landfill may ingest toxic waste, affecting milk quality and posing public health risks . The Delhi HC ordered the relocation of Ghazipur and…
Tripura becomes the highest farmer’s milk price giver in India
Tripura has set a record of sorts in terms of setting administered price of milk per litre supplied statewide by the Gomati Milk Producers Co-operative Union. With the latest hike in administered price by Rs 7.60 per litre of cow milk Tripura now sells milk at the highest price of Rs 83.60 per litre now….