Procurement price of milk increased to ₹37 per litre in Puducherry
The Puducherry government has decided to increase the procurement price of milk from ₹34 a litre to ₹37 a litre. Addressing a press conference with Speaker R. Selvam and Cabinet colleagues, Chief Minister N. Rangasamy said dairy farmers would be given ₹3 more per litre of milk they produced. The government had also decided to…
Rising input costs send wholesale milk prices up 10.2% in flush season
India is in the middle of the flush season for milk production which runs from October to March. Wholesale milk prices increased 10.2 percent on-year in December 2022 against a marginal rise in general month-on-month wholesale prices at 0.6 percent, according to a report by ICCI. Various factors such as the onset of the lumpy skin disease…
Organic dairy player Akshayakalpa plans production clusters
Organic dairy player Akshayakalpa Farms and Foods Pvt Ltd is planning new production clusters in Telangana and Maharashtra as it gears up to cater to the markets of Hyderabad, Pune and Mumbai. It also expects to start procurement from farmers in its production cluster in Chengalpattu from March to service Chennai market. Akshayakalpa, which produces…
Women entrepreneur who turned dairy start-up into success
Shivani Reddy, a B.Tech graduate, has always been inclined towards entrepreneurship since childhood. She took first tentative steps towards becoming an entrepreneur by quitting a lucrative job at Microsoft and deciding to take forward her husband’s hobby of breeding cows by starting Goudhaara at their Moinabad farm. It all began when she initially started receiving…
‘India set to become foodgrain bowl’: Union Minister Parshottam Rupala
Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala says India is all set to become the world’s ‘foodgrain bowl’ as the country quickly moves towards organic and climate-friendly farming. In an interview with Rajesh Kumar Thakur, he said the repealed farm laws were in the larger interests of the country’s farmers and that…
Dairy stocks rally up to 7% in volatile market; here’s why
Shares of dairy companies such as Umang Dairies, Parag Milk Foods, Dodla Dairy, Heritage Foods, and Hatsun Agro surged up to 7% on Tuesday after Mother Dairy hiked milk prices. Mother Dairy, one of the major suppliers of milk in Delhi-NCR, has increased milk prices by ₹2 per litre, effective from today, citing a rise in…
49th Dairy Industry Conference from 16-18th March 2023 launched
Invitation to register/participate/attend 49th DIC 2023 at Gandhi Nagar from 16th to 18th March 2023
Mother Dairy to hike milk prices by ₹ 2 per litre from Tuesday
Leading dairy player Mother Dairy has decided to increase milk prices by ₹2 per litre in the Delhi-NCR region effective Tuesday. The company said this was being done in response to the sharp increase in procurement prices of raw milk over last year by 24 per cent. This is the fifth round of price hike…
Telangana attracted big investments from major corporate giants in 2022
Be it aerospace, dairy, IT, pharma, automobile or other sectors, Telangana has attracted investments from major corporate giants in 2022 and more seems to be in store before this fiscal year ends. This year, to date, a staggering Rs 19,630 crore worth of investments have landed in Telangana, providing employment to over 70,000 people. In…
How to revive low-volume growth in India’s consumption economy
The year 2023 brings an ocean of challenges and opportunities for India. Budget 2023 is even more crucial as it coincides with India’s G20 supremacy. India has done a commendable job as compared to other member countries with the highest GDP growth and the lowest inflation. However, the fear of an impending recession is still…