Milk sales dropped from 95 lakh to 50 lakh lpd due to covid second wave
The government needs to intervene help dairies with export incentives to bring stability to the market, he said. Lockdown-like restrictions across Maharashtra due to the second wave of Covid-19 has impacted demand for milk and milk products hitting sales by at least 40-60%. With supply exceeding demand, dairies have reduced their procurement prices by Rs…
DAIRY NEWS KMF milk sales down by 27% as time frame for milk sale shrinks
One of the largest milk farmers’ bodies in the country, the Karnataka Milk Federation (KMF) is facing a herculean task of sustaining during the curfew. A very short window of four hours between 6 a.m. and 10 a.m. for milk business to operate daily has brought down sales by over 27%. KMF has seen an…
DAIRY NEWS Milk powder prices fall as demand for milk products dip during Covid 2.0
The ongoing lockdown due to Covid-19 case surge, and the resultant dip in demand, are once again plaguing the dairy industry. The sector, which was enjoying good returns till about a month ago, is now worried about the adverse impact if the lockdown continues for a longer time. As shops, restaurants and hotels remain closed,…
Cadbury and Oreo brand see a Covid disruption in western India
Confectionary major Mondelez on Wednesday said it expected some pockets of disruption in India, amongst its key markets, because of the surge in Covid-19 cases over the past one-and-a-half months. The firm, which follows a January-December accounting calendar, is best known for chocolate brand Cadbury and biscuit label Oreo in India. Addressing investors during a…
Sangam Dairy brought under AP Dairy Development Corporation
The State government has issued a withdrawal order bringing the Sangam Dairy under the AP Dairy Development Corporation. The Sub-collector of Tenali has been named as the person in charge with the responsibility of overseeing the smooth and uninterrupted operation of the unit. “In order to ensure that there is no further depletion of assets…
AP government has no power to take over Sangam dairy
TDP national official spokesperson K Pattabhi Ram on Tuesday asserted that the Andhra Pradesh government had no right to meddle in the affairs of the Sangam dairy since it had no shares in the milk producers’ company which was being owned by over 1.2 lakh dairy farmers spread over the Krishna and Guntur districts. Pattabhi…
Dodla Dairy Sebi’s go-ahead to float initial share-sales (IPO)
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday. Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi’s go-ahead to float initial share-sales. Sebi’s observation…
Arun Raste ED NDDB to take over as NCDEX chief
Arun Raste, executive director of National Dairy Development Board, will take over as the new Managing Director & CEO of agriculture focused National Commodity and Derivatives Exchange. His appointment is valid for five years. Raste will join NCDEX in due course of time, said the exchange in a statement. Earlier, market regulator Securities and Exchange…
Study finds milk may shorten lifespan, fermented milks are big exception
A growing body of research has linked milk consumption to potentially negative health effects, particularly when it comes to aging — and yet, other studies have found that consuming fermented milk products like yogurt and kefir may help protect health. A new study out of Germany explores the effects of pasteurized non-fermented milk on health and why…
How location mapping services are helping dairy and other businesses
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the Amul range of dairy products, was in a fix when the Centre announced the lockdown last year. While demand for dairy products surged, there were no takers for its frozen products. That’s when GCMMF decided to use the frozen products supply chain for transporting dairy products. “We have…