Dairy Farmers begun throwing away their milk in Chattisgarh
A joint decision taken by the dairy farmers in Chhattisgarh’s Balod district to throw away 1,500 litres of milk down the drain daily has invited wrath and criticism by the people even as the district administration stated that during the lockdown they are allowed to sell the milk at fixed hours. Farmers of a local…
Flavored milk has differential GST tarriff line from 5% to 12% across India
Flavoured milk has found different flavours with different Authorities for Advance Rulings (AARs). While Gujarat AAR followed its counterparts in Tamil Nadu and Andhra Pradesh to hold GST at the rate of 12 per cent, the Karnataka AAR went for 5 per cent. Latest rulings from Gujarat are related with two famous milk product brands, Amul and…
Vadilal is targeting Rs 800 Crores Ice cream Sales in FY 22
The company, which suffered a grim summer season owing to lockdown and limited supply, is looking to tap into revival in consumer demand and an extended summer Vadilal Industries Limited, which sells ice-cream and frozen food products under Vadilal brand, on Tuesday said that it is eyeing Rs800 crore in sales revenue during FY22 from…
DAIRY NEWS Milk prices may further go down from Rs 27 to Rs 25 /ltr from April 16th
Some dairies in Maharashtra are planning to introduce a further correction in the procurement price of milk. From April 16, some private dairies have decided to pay farmers only Rs 25 per litre as against the prevalent rate of Rs 27 per litre. This is the second price correction dairy farmers would have to bear…
Prabhat dairy to be delisted from the stock exchange from April 30th
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said. This comes after the company complied with the formalities for voluntary delisting of equity shares. Further, exit option will be kept open by the promoter/ acquirer of the company —…
Covid second wave will impact consumption of chilled dairy products
Ice-cream, buttermilk and flavoured milk could see some short-term demand constraints as consumers focus on essentials amid fresh round of restrictions to curb spread of covid-19, according to a report by ICICI Securities. “Ice cream consumption will likely remain impacted due to the fear of coronavirus, reduction in out-of-home consumption and reduction in the number…
Parag Milk Food aims to raise Rs 300 crore via preferential allotment
Shares of Parag Milk Foods are trading higher after the announcement of its fundraising plans. The company aims to raise over Rs 300 crore via preferential allotment. CNBC-TV18 spoke with Devendra Shah, Chairman of the company to discuss this. Shah said with this amount, the company is replacing short-term working capital with long-term. Also read…
Milk Pouch sales dropped by 25-30% across Maharashtra due to Covid
Milk sales across Maharashtra have dropped by almost 25-30%, from an average per day sales of 1.2 crore litres to 86-90 lakh litres since the lockdown-like restrictions came into force, rough estimates from the Maharashtra Milk Producers and Processors Association have indicated. “Traders have cut down on milk purchases due to restrictions on market operations,…
Indian dairy industry is not competitive in exports of milk as a commodity
Recently, the Federation of Indian Chambers of Commerce and Industry (FICCI) hosted the 13th edition of the Foodworld India Global Convention for Food Business and Industry. On day two, during the session ‘Untapped Export Potential: Key for Sustained Growth of India’s Processed Food Industry’, RS Sodhi, the managing director, GCMMF (Amul) mentioned that India is…
Major dairy players eyeing Rs 65000 Crores packaged sweets market
Though the market for packaged sweets remains largely unorganised in India, the larger consumer trend towards packaged foods in the wake of the Covid-19 pandemic has given it a boost.The market for traditional Indian sweets is sized at `60,000-65,000 crore Dairy brands such as Amul and Mother Dairy have been expanding their presence in the mithai segment…