Tiruchi Aavin fixes a production target of 31 MT of sweets
The Tiruchi District Cooperative Milk Producers Union, popularly known as Tiruchi Aavin, has fixed a production target of 31 metric tonnes of sweets during Deepavali season. To cash in on the demand, the state-owned union, which was mainly focused on procurement of milk from member societies and selling processed milk to consumers until recently, has…
FSSAI takes pro-active, industry-centred approach: Nestle
In a marked shift from its earlier approach, the Food Safety and Standards Authority of India (FSSAI) has evolved into a more proactive and industry-centred regulator over the past decade, Nestle India Chairman and MD Suresh Narayanan told PTI. Reflecting on the transformation, Narayanan praised the food safety body’s faster responses and enhanced transparency, calling…
How Oright Is Unclogging Milk Supply Chain Bottelneck
In the last 30 years, the Indian dairy industry has grown leaps and bounds in a country that once was grappling with a dire shortage of milk. Thanks to Verghese Kurien’s Operation Flood, commonly known as The White Revolution of India, the country today accounts for 24% of the world’s total milk production, contributing 4-5%…
India says dairy sector will stay out if EU wants FTA
Union Minister Piyush Goyal said on Friday that India would not be able to strike a free trade agreement deal with the European Union if the bloc kept insisting on seeking access to India’s dairy industry. A report by Reuters quoted Goyal as saying, “A trade deal could be concluded swiftly if sensitivities were respected on both…
Second Quarter performance of Dodla and Heritage
Dodla Dairy Net Sales at Rs 997.62 crore in September 2024 up 29.94% from Rs. 767.75 crore in September 2023. Quarterly Net Profit at Rs. 63.38 crore in September 2024 up 45.35% from Rs. 43.60 crore in September 2023. EBITDA stands at Rs. 105.82 crore in September 2024 up 37.55% from Rs. 76.93 crore in…
India is a significant market for SIG aseptic packaging
India is the largest milk producer in the world; it accounts for nearly 22-25% of the world’s production, according to the Food and Agriculture Organisation (FAO). According to a report by Fortune Business Insights, the country’s dairy market size was valued at $115.57 billion in 2022. This number is expected to reach $227.53 billion by…
Excessive October Rain triggers distress in dairy sector
Excessive rain this month may have caused significant damage to standing crops across Karnataka, but it has presented the dairy sector with distress of a different type — overproduction of milk. It has left both producers and milk unions in a difficult situation. The glut began with the early onset of the monsoon in June, resulting in a sharp…
6.5 crore dairy farm households to be brought under cooperative sector
Union minister Amit Shah said on Tuesday that 6.5 crore rural families involved in milk production are outside the ambit of the cooperative sector and face exploitation as they are not getting a fair price. Shah said that only 1.5 crore out of 8 crore rural families involved in dairy farming are part of the cooperative sector and asked the National Dairy Development Board (nddb.coop)…
Softy ice cream mix not dairy produce attracts 18% GST
Softy ice cream mix in vanilla flavour is not a dairy product and will attract 18 per cent GST, Rajasthan bench of Authority of Advance Ruling has said. VRB Consumer Products Pvt Ltd had approached the AAR on the taxability of vanilla mix in powder form which will have 61.2 per cent sugar, 34 per…
Stellapps secures USD 26 million in Series C
Stellapps Technologies, India’s pioneering dairytech company, has announced its Series C funding round of $26 million in equity & debt to accelerate its mooMark business. mooMark is focused on contract manufacturing and private labeled dairy business of high-quality value-added dairy products, that are both sustainable and traceable. While Stellapps started as a Dairy IoT solutions,…