Maharashtra co-operative sector might be on a roller-coaster soon
Move seen as BJP’s bid to make inroads into a sector that was traditionally dominated by Congress, NCP The Centre’s decision to set up a Ministry-of-Co-operation to be headed by Home-Minister Amit Shah has stirred Maharashtra’s co-operative sector. Co-operative-barons-in the State have also objected to the recent amendments in the Banking Regulation Act to enhance…
Dairy Investment Accelerator set up to facilitate investments by the DAHD
The government on Monday said it has set up Dairy Investment Accelerator to promote and facilitate investments in the Indian dairy sector. The accelerator, set up by the Department of Animal Husbandry and Dairying (DAHD) under its Investment Facilitation Cell, is a cross-functional team constituted to serve as the interface with investors, a government statement…
Set up committee to determine milk procurement price in TN
The Tamil Nadu Milk Producers’ Welfare Association submitted a petition to the Chief Minister requesting the State government to constitute an expert committee to determine the procurement price of milk and to revise the maximum retail price accordingly. In the petition, the association demanded the Chief Minister to increase the procurement price as the cost…
50,000 cattle to be given1.25 lakh doses sex-sorted semen in Assam
Days after bringing a bill to protect cows; the Assam government now decided to buy sperm from outside the state for artificial insemination of the animal. The government believes the step will help increase the numbers of better breeds of cows and control the male population. “The state proposes to introduce the use of sex-sorted…
Cows go to the cloud: Indian Dairy sector and tech-innovations
With approximately over 90-million-dairy-farmers, the Indian dairy market stood at a value of Rs 11,357 billion in 2020 .It was expected to grow at a CAGR of 4 to 4.5 per cent. Also, India’s milk production has increased over the years. An economic survey estimated that in the last six to seven years, India’s milk…
Snack Happy with New Immune-Boosting Cheese Balls: Chip-Chip Hurray
Chip Chip, Horray! The Good Crisp Company , a brand of better-for-you chips in the classic-canister shape announced today the launch of Cheese Balls. Made with clean and simple ingredients, Cheese–Balls offer immune-boosting-properties to help consumers-develop a better relation-chip with their snacks. Known for their delicious take on the classic stacked chip; The Good Crisp Company creates snacks that deliver in…
GCMMF to get ₹50 per kg for SMP exports for next six months
The subsidy support is fixed at ₹50 per kg of SMP with a ceiling of ₹150 crore for the entire scheme, which will be active for a period of six months starting July 1 to December 31, 2021. Notably, international SMP prices have fallen by about 9.5 per cent since May 2021 to USD 3,126…
Hatsun stellar performance in Qtr-I: To raise ₹700 cr for expansion
Dairy product maker Hatsun Agro Product Ltd; plans to raise ₹700 crore through private placement of equity-shares by way of qualified-institutional-placement for its expansion-plans. Also read : Hatsun starts a 101 Crores automated dairy plant at Tripur On Wednesday, the board also approved a proposal for increasing the company’s borrowing limit from ₹1,500 crore to ₹1,800…
Fuel cost fuelled Transportation cost for dairy sector by 50 % per litre
Marred by inflation, dairy companies and cooperatives have increased milk prices, much to the woes of the end-consumer. Amul, revised milk price by Rs 2 per litre, in Ahmedabad and Saurashtra in Gujarat and Delhi NCR; with effect from July 21. Others such as Mother Dairy and Gokul, too, have hiked prices. Mother Dairy has also…
Parle reenters dairy category with Smoodh Flavored milk
Twenty years after its brief flirtation with dairy products, Parle Agro Pvt. Ltd is back in the market with Smoodh flavoured milk, throwing a challenge to rivals such as Amul, Nestle and ITC which have carved up India’s value-added dairy beverages market. The Mumbai-based maker of Frooti and Appy fruit drinks soft-launched Smoodh at ₹10 per 85ml…