Aavin milk price hike aimed at promoting private players: Annamalai
The continued price hike by Aavin is to make the firm non-competitive in a bid to promote private players, said K. Annamalai, BJP State president. “The hike of ₹12 per litre for orange Aavin milk packets has resulted in sales dipping by 5,000 litre. People have moved to milk supplied by private companies. Then, the…
Aavin hikes its ghee price by ₹50 a litre, justifies decision
The price is either on a par with or lower than that of its competitors. The increase has been effected after the market and the prices of the competitors were studied, says an official. The Tamil Nadu Cooperative Milk Producers’ Federation has hiked the price of one litre jar of ghee by ₹50. On Friday,…
Amul to hike its ghee price by Rs 30 per kg
At present, a one kilogram pouch of Amul Ghee and Sagar Ghee in Ahmedabad is selling at Rs 530, while private brands such as Gowardhan is selling the same pouch at Rs 699. In a fortnight, a kilogram of Amul Ghee will cost Rs 30 more across India, after the Gujarat Cooperative Milk Marketing Federation (GCMMF) took…
Source : India narrative 18th Dec 2022 by Mahua Venkatesh
Retail prices of packaged milk supplied by dairy cooperatives and Mother Dairy could see another round of hike soon, owing to the rise in costs of feed and other inputs. “As we have to hike procurement prices of milk from farmers, there could be one more round of increase in prices by cooperatives,” Meenesh C Shah, chairman, National Dairy…
Heritage Foods: Will margins make a comeback for this dairy company?
The stock price gained over 9 percent on September 30. The company announced 1:1 Rights Issue through a regulatory filing. “The Board of Directors of the Company at the meeting approved to issue equity shares in the ratio of 1:1 by way of Rights Issue basis at the face value of Rs 5 each per…
Gulab Jamun and Rasmalai tops the orders for desserts on Swiggy
Just like every year, online food delivery firm Swiggy has revealed what Indians ordered the most from the platform in 2022. According to Swiggy, Biryani topped the chart of most ordered dishes this year. This is the seventh time in a row that the dish has topped the chart. The report also revealed that Biryani…
As whole sale milk price simmer, dairy cos may take further hike
With the price of wholesale milk continuing to rise across the country, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities. These companies will need to focus on increasing the share of Indian value-added products to protect their profitability, analysts at the brokerage…
What’s common between Amul and Parle G?
Consumers and brands alike were blindsided by the pandemic and subsequent lockdowns, but a few companies with operations outside India were slightly ahead of the curve. While the list of companies able to achieve this feat is long, for a household brand, catering to a country of 1.38 billion people, it was one of the toughest strategies to crack….
 Chocolates in demand amid stress, inflation: Mondelez 
Mondelez India, the country’s biggest confectionery maker, said there has been a strong volume growth in chocolate sales, bucking the slowdown trend in the overall market and indicating consumers could be turning to comfort food in a time of stress and inflation.”We see a lot of growth being fired by double-digit volume, which is quite…
Competition for dairy is from fake chemical products
“I see stability in the dairy prices and the market. There may be a small increase but the situation is tight in dairy supply because demand is much more than what the organised sector is able to meet. The pre Covid level was much higher than the pre Covid level. It is good for the…