Firms rein in price hikes but milk powder rose 18% from a year ago
A range of businesses, from quick-service restaurants and apparel retailers to biscuit makers and edible oil producers, are refraining from raising prices, with some even cutting them as commodity costs cool and high prices dampen demand, offering consumers respite from soaring inflation. Packaged consumer goods company Marico Ltd, for example, cut prices of its Parachute…
Supply stable, no chance of milk price hike this summer in Indore
Adequate supplies of milk in summers in Indore region as against an average drop of 10 per cent every year has kept milk prices stagnant, giving respite to consumers from price rise. Every summer, milk cooperatives and private milk suppliers hike milk prices amid shortage in collection but this summer they have ruled out the…
Amul launches advanced organic testing laboratory in Gandhinagar
(GCMMF), popularly known as Amul, a leading food products organisation of India has set up Advanced Organic Testing Laboratory at Amul Fed Dairy, Gandhinagar, Gujarat. The lab was inaugurated by Amit Shah, Minister of Home Affairs and Cooperation, Government of India, on Sunday. With the increasing demand for organic food products in India, there is a…
Milk prices unlikely to witness further spike: NDDB chief
Milk prices are unlikely to witness spikes in the coming months due to cooler temperature in April and parts of May, which has delayed the onset of ‘lean’ season, when milk production usually drops, according to Meenesh Shah, chairman & managing director, National Dairy Development Board (NDDB). “The end of the flush season when milk…
NDDB Dairy Services helping UP govt set up 3 women-led firms
Uttar Pradesh government has mandated NDDB Dairy Services (NDS), a wholly-owned subsidiary of the National Dairy Development Board (NDDB) to promote women empowerment and entrepreneurship by setting up women-owned milk producer companies to harness the dairying potential of the state’s 17 districts. A milk producer company is a farmer producer organisation (FPO) which embodies principles that are similar to cooperative societies….
Mountaineer Megha dropped as Sanchi’s brand ambassador
A week after Mountaineer Megha Parmar was removed as brand ambassador of ‘Beti Bachao Beti Padhao’ campaign in Madhya Pradesh, she has now been dropped as the brand ambassador of State Cooperative Dairy Federation. The Shivraj Singh Chouhan-led BJP government took this step after she joined the Congress on May 9. Parmar, 28, had been…
Centre pushes vaccination as lumpy skin disease ravages again
With Maharashtra, Uttarakhand, Karnataka and Sikkim reporting fresh cases of lumpy skin disease in May, the Union Ministry of Animal Husbandry reviewed the situation, concluding that the situation was under control despite 10,000 cases in the last two weeks. Noting that there was no need to panic, it urged that vaccination be increased. After a…
Aavin to improve processing capacity to 70 lakh LPD, says Minister
Minister for Dairy Development Mano Thangaraj on Thursday said that steps will be taken to increase the processing capacity of Aavin to 70 lakh litres per day (LLPD). Addressing presspersons before a review meeting with the regional deputy general managers at Aavin Illam, he said that at present the processing capacity was 45 lakh litres…
Smoodh: Milking a growing market of Dairy beverages
Parle Agro has embarked on a mission to make its flavoured milk Smoodh a Rs 5,000-crore brand by 2025. Launched two years ago, the manufacturer of fruit drinks Frooti and Appy made its re-entry into the dairy beverages market in 2021 with Smoodh, which now has a turnover of Rs 685 crore. Smoodh is one…
Danone-backed yoghurt maker Epigamia shelves plan to sell
Indian yoghurt maker Epigamia, backed by French dairy giant Danone , has shelved plans to sell its inflation-hit business and is now looking to expand to new markets, its CEO said in an interview. Founded in 2015 and backed also by Belgian investor Verlinvest, Epigamia is a small Indian startup which became popular in urban centres…