Dairy prices fall as volumes rise at auction- GDT events
International milk prices fell while volumes were up at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 4.3%, with an average selling price of $3,100 per metric ton. The index fell 1% at the previous auction on July 18, with an average selling price of $3,289, according…
Tirupati to stop using KMF’s Nandini ghee for their laddus
The Tirumala Tirupati Devasthanam (TTD), the trust that oversees the Tirumala Venkateswara Temple in Andhra Pradesh, has reportedly given its ghee tender to a company other than the Karnataka Milk Federation (KMF) for the first time in 50 years. The development came following a price hike in Nandini milk products, the brand operated by KMF….
Nestle aims at expansion of out-of-home consumption
Nestle reported ITS Q2results for 2023, which were in line with expectations. The company achieved double-digit growth across all its products, primarily driven by a favourable product mix, increased volume, and improved pricing. Additionally, during the quarter, the out-of-home (OOH) business experienced rapid acceleration. The gross profit margin (GP margin) expanded by 90 bps (0.9%)…
Steps being taken to increase milk production Mano Thangaraj
Minister for Milk and Dairy Development T. Mano Thangaraj on Saturday said various steps are being taken to increase the number of livestock of farmers and provide them with a balanced income. During the inauguration of milk cooling units in Karur, Mr. Thangaraj said to increase procurement, targets for each district were being given to…
Cattle feed prices may halt after Govt prohibits DORB exports
Export of de-oiled rice bran under ITC HS code 2306 and under any other HS code is prohibited until November 30, 2013, the DGFT said in a notification. The government has prohibited the export of de-oiled rice bran until November, a Directorate General of Foreign Trade (DGTD) notification said on Friday. “Export of de-oiled rice…
Dairy farmers oppose govt’s new rate card on milk price
Dairy farmers in Maharashtra are protesting against the new rate card issued after discussions between the state government and dairies about milk procurement price. The new rate card, farmers said, would lower their earnings as deductions as per the card is both steep and unreasonable. Milk procurement prices in Maharashtra had gone into a free…
Why Maharashtra’s milk cooperatives are in crisis
The Maharashtra government has admitted that Mahanand Dairy, once a profitable state government undertaking, is facing an existential crisis, while the cooperative milk sector is in a tight spot as a fall-out of aggressive marketing undertaken by private players. “The private sector’s share in the State’s milk business has risen sharply, with the use of…
We want to help farmers by increasing milk price : DK Shivakumar
The Karnataka government has announced a hike in the price of Nandini’s milk by ₹3 to support farmers. Deputy Chief Minister DK Shivakumar on Thursday said that “we want to help farmers,” after the Karnataka government announced a hike in the price of the state’s milk brand, Nandini, by three rupees. “We have to give…
Milk prices shall remain stable for a couple more quarters
Dodla Dairy’s MD, Sunil Reddy Dodla, foresees stable milk prices and positive growth for value-added products. In an interview with CNBC-TV18, Sunil Reddy Dodla, the Managing Director of Dodla Dairy, shared valuable insights into the current state of the dairy industry and the company’s strategic outlook for the future. He reassured consumers and stakeholders that…
Amul takeover of Chittoor Dairy, a welcome step
It was recently reported that Amul is going to take over Chittoor Dairy per the MoU entered with the State government. Chittoor Dairy was once a successful Vijaya Dairy unit in the State and went out of scene by 2002. By then several private dairies had started their operations in the district. This includes one…