Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels…
Budget 2022: Co-op societies get tax relief; will end injustice: Amit Shah
Cooperative societies will now have to pay a lower Alternate Minimum Tax, Finance Minister Nirmala Sitharaman announced on Tuesday, in a relief to the groups with members mostly from rural areas and the farming communities. AMT brings into the tax net companies or groups who, in spite of earning profits, pay “zero tax” due to…
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels…
Dairying is a stable source of income for farmers: Economic Survey 21-22
The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021-22) in Gross Value Added (GVA) of the country registering a growth of 3.6 per cent in 2020-21 and 3.9 per cent in 2021-22. Growth in allied…
Demographic dividend of India will build the plant based foods lifestyle
Veganuary. Potato milk. Earth-positive clothing. Flexitarianism. The plant-based revolution has spun a dictionary’s worth of new terminologies, touching every sphere of life in the process. When the pandemic inflicted a pronounced pause in people’s lives, they began taking stock of their own health and that of their planet, on a priority basis. Data collected by the…
Andhra government and Amul agree to deliver milk to Anganwadis
The government of Andhra Pradesh is preparing to deliver milk and Balamrutham (supplementary nutrition food) prepared in Andhra Pradesh to the state’s Anganwadi centres via the internationally known ‘Amul’ company. As part of it, the state government signed a memorandum of understanding with Amul for an ambitious project today in the presence of chief minister YS Jagan…
DAIRY NEWS Milma announces Rs 2 per liter incentive to dairy farmers of Kerala Bydairynews7x7@gmail.com
The Trivandrum regional co-operative milk producers union (TRCMPU) of Milma has announced an incentive of Rs 2 on each litre of milk procured from dairy farmers in four southern districts from February 1, in view of the rise in input cost and difficulties caused by the third wave of the Covid pandemic. The decision was announced…
Alt Co offers alternative lifestyle options to substitute dairy products
Can entrepreneurs learn anything from plants? “Definitely, there is a priceless lesson,” reckons Basan Patil. “Patience, patience and patience,” says the 28–year-old who co-founded oat milk brand Alt Co last year. Patil, who along with Rithwik Ramesh, Sumair Sachdev, Sasha Jairam and Rohit Kalro, started the plant-based alternative dairy brand—is realistic about the pace of…
DAIRY NEWS MoooFarm’s gets €2.1m seed round by Accel ,Rockstart & Navus Ventures
Funding will help accelerate MoooFarm’s vision to build sustainable food systems for 100 million dairy farmers and 1 billion consumers The funding round was led by Accel India with participation from Rockstart and Navus Ventures Amsterdam, January 28, 2022: Rockstart, global early-stage investor, announces its co-investment in Mooofarm . The agritech startup offering technical solutions…
Covid speeds up Nestle’s brands’ geo-target approach
The consumer goods company is leveraging its cluster strategy to launch products tailored to local tastes and preferences Consumer goods firm Nestle India’s Chairman & Managing Director, Suresh Narayanan, believes that the days when a company had one product, took it across the country, and advertised it nationally is well and truly over. “It is…