Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even…
Alt-dairy pioneer Alt Co. selling around 2 lakh LPD of oat milk
First movers in the alt dairy space, Alt Co. is building a plant-based universe. Rithwik Ramesh, Co-founder of the brand, shares the company’s plans to expand its footprint in India, and add to its popular Oat Milk by growing its portfolio of plant-based products. How do you plan to disrupt India’s established dairy market? Sales…
Dairy farmers to be grouped to promote production, marketing
Steps to help farmers overcome crises in agri economy Dairy farmers in Kerala will soon be organised into joint liability groups to promote production and marketing of milk and milk products and to take up commercial production of fodder, under an integrated programme. Minister for dairy development J. Chinchurani will inaugurate the initiative to set…
Country Delight , a Dairy company raises around Rs 800 Crores
Country Delight, a direct-to-consumer (D2C) food essentials brand, has secured $108 million investment. The funding round was led by Singaporean private equity Temasek and Venturi partners along with SWC global and Trifecta Capital. The existing investors who particopated include IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners. The latest funding takes the…
Milk procurement prices hiked by ₹55 per kg fat in Punjab
Punjab cooperation minister Harpal Singh Cheema took the decision after meeting a delegation of dairy farmers in Chandigarh Punjab cooperation minister Harpal Singh Cheema on Tuesday announced an increase in milk procurement prices by ₹55 per kg fat for dairy farmers. The decision was taken after a meeting with a delegation of dairy farmers. The increase…
Dairy Farmers to Get Subsidy Throughout the Year: Chinchu Rani
Considering the impracticability of raising milk prices, the Kerala government is set to give dairy farmers subsidies for the entire 2022-23 financial year in coordination with allied departments, Animal Husbandry and Dairy Development Minister J. Chinchurani said today. As Kerala continues to fetch farmers the highest price for milk vis-à-vis any other state in the…
Stories of women empowerment through dairy: ’World Dairy Summit 2022
India to host IDF’s annual event first time since 1974 The annual flagship summit of the International Dairy Federation (IDF) – World Dairy Summit 2022 will be held in India first time since 1974 under the theme of “livelihood and nutrition”. The first physical event post Covid by the IDF, will be organised in New…
Grievances of dairy farmers will be resolved soon : Kuldeep Dhaliwal
Minister for Animal Husbandry, Fisheries and Dairy Development Kuldeep Singh Dhaliwal today held a meeting with progressive dairy farmers and fish farmers at livestock complex here. In this meeting, they discussed the problems being faced by dairy farmers and fish farmers. Speaking on the occasion, the Cabinet Minister said that the Government is committed to…
Cows Get a Much Needed “Break” with the Launch of Bored Cow
Tomorrow Farms , a food technology company on a mission to fuel the sustainable food revolution with irresistible food and beverage brands, announced its partnership with Perfect Day Inc, creator of the world’s first precision fermented dairy protein, to launch a one-of-a-kind flavored animal-free dairy milk,Bored Cow . Following a successful fundraising round earlier this month…
Cows Get a Much Needed “Break” with the Launch of Bored Cow
Tomorrow Farms , a food technology company on a mission to fuel the sustainable food revolution with irresistible food and beverage brands, announced its partnership with Perfect Day Inc, creator of the world’s first precision fermented dairy protein, to launch a one-of-a-kind flavored animal-free dairy milk,Bored Cow . Following a successful fundraising round earlier this month…