Fonterra agrees sale of Consumer businesses to Lactalis
Fonterra agrees sale of Consumer and associated businesses to Lactalis Fonterra Co-operative Group Ltd today announced it has agreed the sale of its global Consumer and associated businesses to Lactalis for $3.845 billion, subject to certain customary financial adjustments and conditions including approval by farmer shareholders, separating the businesses being sold from Fonterra, and receipt…
Agreement signed between Sanchi and NDDB-Amit Shah attended
In a strategic step towards revitalizing Madhya Pradesh’s dairy sector, Sanchi Dugdh Sangh and the National Dairy Development Board (NDDB) have inked an important agreement aimed at bolstering cooperative dairy infrastructure and services. The pact was formalized in the presence of Union Home and Cooperation Minister Amit Shah during his visit to Bhopal. Addressing the…
NDDB agreement to run Sanchi Dairy sparked political row
The Madhya Pradesh government has signed a five-year agreement with the National Dairy Development Board (NDDB) to manage and run the state’s cooperative dairy federation and its associated milk unions. The move has sparked a political row, with the Congress drawing a parallel with the Amul-Nandini milk controversy from Karnataka’s assembly elections. The Opposition alleges…
Madhya Pradesh govt in talks with Amul for selling the surplus milk
The Madhya Pradesh government is trying to reach an agreement with Amul on selling the surplus milk that gets wasted due to lack of demand. Chief Minister Mohan Yadav recently addressed a joint meeting of Sanchi (MP’s cooperative dairy federation) and Amul officials in Ahmedabad. Managing director of Sanchi Satish Kumar S told that an…