New laboratories will be established in four cooperative milk unions, says Mano Thangaraj
New laboratories will be established in four newly created district cooperative milk unions under the National Programme for Dairy Development (NPDD) to ensure the supply of quality milk products from farmers, announced Milk and Dairy Development Minister Mano Thangaraj, at the Tamil Nadu Assembly on Saturday. The labs would be set up in Cuddalore, Tiruvannamalai,…
How the Plant-Based Products Market Is Winning Investors’ Favor
The plant-based ingredients sector is undergoing a transformative evolution, driven by a significant shift in consumer preferences and innovative advancements within the industry. Historically overlooked by investors who perceived it as a mere commodity sector, the burgeoning plant-based ingredients market is now being recognized for its immense potential for value-added expansion and wealth generation. According…
EnNutrica IPO begins bidding today: Check GMP, price band, lot size
The milk products manufacturer EnNutrica’s initial public offering (IPO) opens for subscription today, June 20, 2024. The primary issue aims to raise Rs 34.83 crores comprising entirely a fresh issue of 6.45 million shares. EnNutrica secured Rs 9.90 crore from anchor investors on June 19. The anchor investor list includes Next Orbit Ventures Fund, Nova…
Retail inflation easing, food prices remain a concern: RBI
Retail inflation is gradually easing but the path has been interrupted by volatile and elevated food inflation, which may cause it to reverse after a temporary fall below the target during the second quarter of 2024-25, a RBI bulletin said on Wednesday. The central bank has consistently cautioned about the volatile food prices, particularly of vegetables and some cereals, which…
Amul’s entry won’t impact Aavin-Mano Thangaraj
Amul’s entry into the city and northern Tamil Nadu will not impact Aavin’s sales, said Mano Thangaraj, TN dairy development minister. He said Aavin is open to market expansion just as Amul is entering new areas. At a press conference on Wednesday, Thangaraj said that while Amul is expanding its presence in the United States, Aavin has the potential to expand…
PM Modi addresses Kisan Samman Sammelan in Varanasi, Uttar Pradesh
The Prime Minister, Shri Narendra Modi addressed the Kisan Samman Sammelan in Varanasi, Uttar Pradesh today and released the 17th instalment of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer amounting to more than Rs 20,000 crores to around 9.26 crore beneficiary farmers. During the program, he also granted certificates to more than…
India set to capitalise on Western dairy decline with annual expansion of 10pc
India will expand its milk production by 10pc annually as developed countries look at reducing their herds, the head of one of India’s largest milk-processing facilities has said. “If other countries have issues with their cattle and milk production, it’s good for us — markets open for us,” head of Dudhmansagar Dairy Prateek Kumar Mudgal…
As heat subsides, Aavin daily milk procurement back to 32 lakh litres
Aavin’s dairy milk procurement, which dropped to less than 27 lakh litres a day in February, has rebounded to 31.6 lakh litres since the first week of June. During April and May, procurement fell sharply by 5 lakh litres a day due to the heat wave. Despite demands from dairy farmers for higher milk procurement…
Innovation key pillar of growth for Nestle India
Packaged foods major Nestle India has said that it is investing in innovation as an engine for growth in the country since India is the fastest-growing market for it globally. “Our total sales witnessed a double-digit growth as we navigated a dynamic market landscape,” said Suresh Narayanan, chairman and managing director (CMD), Nestle India, in…
Milk prices slashed down in Chennai after a long time in the absence of sales
In response to a decline in the sale of milk and dairy products, Hatsun, the producer of Arokya milk and curd, has reduced the price of its full cream milk by 2/litre and curd by 4/kg, effective from Tuesday. This marks the first price reduction in several years, with the last dip occurring during the pandemic…