Online milk delivery account is 7-8% of total online grocery business
“Diversification has paid off,” said Ritwik Bahuguna, partner in the agriculture, dairy and food processing division at Wazir Advisors. With customers increasingly shopping online during the pandemic, several product categories that were previously unpopular on the web have gained momentum. According to Red Seer Consulting, the online e-grocery market stood at $ 3.3 billion in…
Export subsidies for Skim Milk Powder questioned at WTO
India’s Agriculture Infrastructure Fund and cotton subsidies have come beneath scrutiny on the WTO , with Australia looking for clarity on the scope of the fund and affirmation that New Delhi has not exceeded its 10% ceiling assist, known as de minimise in commerce parlance, for the pure textile fibre. Australia has requested India to…
Keventer’s Agro focus on frozen foods and tetra pack milk businesses
With growing acceptance of frozen foods during the pandemic; Keventer Agro said it aims to establish frozen foods and tetra pack milk businesses nationwide in the next two-three years. The Kolkata-based company is aiming for a 10-percent increase in turnover to Rs1100-crore in FY22 from Rs 1,000-crore in FY21; with much of the revenue expected…
Check monitoring of environmental norms by dairies : NGT directs CPCB
The National Green Tribunal Thursday directed the Central Pollution Control Board (CPCB) ;to issue guidelines within a month for checking pollution and monitoring of environmental norms by dairies throughout the country. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said that ; at least the minimum distance of dairies and gaushalas from habitations…
Dodla dairy’s IPO oversubscribed by 45.62 times on day 3
The public issue of Dodla Dairy has seen a subscription of 45.62 times as the offer received bids for 38.80 crore equity shares against IPO size of 85.07 lakh equity shares on June 18, the final day of bidding. The qualified institutional buyers have put in bids for 84.88 times of their reserved portion and that of non-institutional…
Low milk prices forces dairy farmers in Maharashtra to dump milk on roads
Dairy farmers in Maharashtra started protesting over the low prices of milk on Thursday morning. The protest, organised by the All India Kisan Sabha-the farmer’s outfit of the Communist party. The protest saw farmers emptying their milk cartoons on the road at various places in Aurangabad and Ahmednagar. Since the start of the lockdown in…
Date for submitting EOI under PLI to MOFPI extended to June 24th
This has reference tp the Expression of Interest(EOI) notice dated May 2,2021; to apply under the Production linked incentive scheme by Ministry of Food Processing. The last date to submit the EOI was June 17th by 5 PM. The ministry took the cognisance of the pandemic situation and request made by various applicants to extend…
Prepare schemes to boost dairy & livestock production: CM Assam
Chief Minister Himanta Biswa Sarma on Tuesday held a meeting with Animal-Husbandry and Veterinary Department; at his conference hall and reviewed the implementation of various schemes. He asked the department to propose three new schemes by July 7 ;to augment milk production and achieve self-reliance in pork and poultry production in order to stop imports….
Milk coop societies stop buying milk from farmers afflicted by Covid
Farmers in the district complain that many milk producers’ co operative societies are stopping buying milk from the households where there are Covid-19 positive cases for the past 14 days. Thousands of poor and marginal farmers are into dairy farming for a livelihood and the decision of milk cooperative societies is causing them a lot…
Dodla Dairy IPO: 10 things to know before subscribing public issue
The initial public offering of Dodla Dairy is going open for subscription on Wednesday. This would be the third company to launch an IPO this week, after Sona Comstar and Shyam Metalics. The equity shares issued by the company will be listed on both BSE and the National Stock Exchange. ICICI Securities and Axis Capital are the book running lead…