Dairy farmers lose as sales drop in Nepal
Tirtha Acharya of Fikkal Bazaar, Ilam has been a dairy farmer for decades. He makes ghee and dog chew from the milk produced on his farm. He also buys milk from other farmers to make his various dairy products. Last March, the government raised the price of milk paid to farmers, and since then, his…
ID FRESH EYES US RELAUNCH AND POSSIBLE M&A IN USA
Bengaluru-based ready-to-cook brand ID Fresh Food is looking at strategic acquisitions in the US as it plans on re-entering the market with improved product and packaging. The company, most known for its ready-to-cook batters, is also on the lookout for a country head for the US to oversee its expansion plans in these markets. “We…
Dr. Meenesh Shah appointed Chairman, IRMA
Dr Meenesh Shah, Chairman & Managing Director, National Dairy Development Board (NDDB), has been appointed Chairman of the Institute of Rural Management Anand (IRMA). He is also a member of IRMA’s Society and Board of Governors and has been unanimously elected by the Board as its Chairman. Assuming the position, Dr. Shah said, “I feel…
Dodla Dairy Q1: Net profit rises 40.32% to Rs 34.97 crore, revenue up 14.84%
Dodla Dairy reported a consolidated net profit of Rs 34.97 crore for the quarter ended June, up 40.32 percent from Rs 24.92 crore in the year- ago period. On July 21, the company reported a 14.84 percent YoY (year-on-year) rise in consolidated revenue from operations at Rs 823.42 crore against Rs 716.99 crore a year ago….
Nandini milk price expected to go up by ₹3 a litre from August 1
The consumer price of Nandini brand milk being sold by the Karnataka Milk Federation (KMF) is set to go up by ₹ 3 a litre from August 1, as the government has given its consent for the rise at a meeting on Friday, according to KMF president Bheema Naik. A formal notification regarding the increase in…
NDDB, GCMMF organise Jan Bhagidari event on women
NDDB and GCMMF, and W20 organised a one-day event on Jan Bhagidari – Women-led Sustainable Development through Dairy Cooperatives under W20, an official engagement group of G20 at NDDB, Anand on 20 July 2023. On the occasion, Jagdish Vishwakarma, Minister of State for Cooperation, Government of Gujarat said that women should take the lead in…
Dodla Dairy’s Returns On Capital Not Reflecting Well On The Business
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we’ll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to…
Why Is Single Origin Milk A Hit With The Masses? Find Out
Milk sourced from a specific region or farm, offering distinct qualities and flavours is called Single Origin Milk. It is the current rage among weight watchers, fitness freaks and people who just want to live healthily, that includes almost half of the world’s population. For the uninitiated, its benefits to consumers include traceability, knowing the…
First-ever credit guarantee scheme for livestock sector launched
The government has launched the first-ever “Credit Guarantee Scheme” for the Livestock Sector for rebooting the rural economy by leveraging Micro, Small & Medium Enterprises (MSMEs). For operationalising the scheme, the Department of Animal Husbandry & Dairying (DAHD) has established a Credit Guarantee Fund Trust of Rs 750 crore, which will provide credit guarantee coverage…
Cooler Weather Halts Milk Crisis
Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise. Between January and March, India was facing a shortage of milk products such as butter and ghee, raising prospects of imports in a country that is the world’s largest supplier of liquid milk. Today,…