Chobani leans into demand for healthier foods with no-sugar yogurt
Chobani is rolling out a Greek yogurt without sugar as the food maker doubles down on healthier offerings in demand; with consumers who are more closely watching what they eat and drink. The company said Chobani-Zero-Sugar, shipping to retailers this month; is the first nationally distributed product in the U.S. yogurt aisle that has no-trace-of-sugar. Each…
Dodla Dairy IPO to open on June 16, price band fixed at Rs 421-428
Dodla Dairy will launch its initial public offering (IPO) on June 16. The issue will close on June 18. The company, in consultation with the merchant bankers, has fixed the issue price band at Rs 421-428 per share. The Hyderabad-based Dodla Dairy is the third main-board company to launch IPO in the coming week after Shyam-Metalics and Sona-Comstar. The public-offer comprises…
Bootstrapped dairy startup Sid’s Farm plans to raise Rs 25 crores capital
Hyderabad-based-bootstrapped dairy company Sid’s Farm plans to raise capital of up to Rs 25 crore in the next 4-6 months; This fund will support its new product development and expand to other cities in India. The company will invest in setting up a new facility to enhance capacity and adding more products to its portfolio;…
R S Sodhi MD GCMMF gets Asia Pacific Productivity Champion award
The Managing Director of Gujarat Cooperative Milk Marketing Federation (Amul), R.S. Sodhi, was conferred with the regional award as Asia Pacific Productivity Champion . It is given by Asian Productivity Organization (APO), Tokyo, Japan in recognition of enhanced productivity and efficient milk supply chain. Sodhi is the first Indian to have received the prestigious award,…
Naveen Patnaik supports Yaas hit dairy farmers with Rs 30000/dairy cattle
Odisha Chief Minister Naveen Patnaik on Thursday announced a package for farmers affected by Cyclone Yaas which hit the coastal districts on May 26. As per the package, an input subsidy of Rs 6,800 per hectare will be given to small, nominal farmers with over 33 per cent crop damage in unirrigated land while in…
Rajkot dairy takes ATM to doorstep of milk producers
Dairy-farmers in interior villages of Rajkot will no longer have to spend-hours visiting a bank-branch or hunting ATMs for cash-withdrawals. Gopal dairy, a member union of the Gujarat Cooperative Milk Marketing Federation (GCMMF) that markets brand Amul . Has started micro ATM facilities for fourteen milk co-operative societies in those villages where there is no banking facility….
Mother Dairy to double its turnover from Rs10000+crores in next 4-5 years
Mother Dairy Pvt Ltd, the wholly-owned subsidiary of National Dairy Development Board, is aiming to double its turnover. It will be done over the next 4-5 years by strengthening its presence as a pan-India player. According to its filing with the Registrar-of-Companies (RoC), the company’s total revenues crossed the ₹10,000 crore-mark in FY 2019-20. In…
‘Umeed’ scheme create first women dairy farmer producer Co at Pulwama
Jammu and Kashmir Rural Livelihoods Mission (JKRLM), ‘UMEED’, through its Self-Help-Group (SHG) platform has initiated a first of its kind all-women Dairy Farmers Producer Organization (FPO) at Mitrigam in Pulwama district. The very thankful Shahzada, an FPO member from the Self Help Group Chandani, said. “I, along with 10 others, have been working very hard….
Milky mist diversifies into daily need products by acquiring Asal foods
Private dairy Milky Mist Dairy Food has announced its diversification into daily need consumer fresh food industry. It has been done through acquisition of Asal Foods Industries, for an undisclosed sum. Milky Mist’s CMD Sathish Kumar says, “We expect a 10% revenue share through this acquisition of Asal Foods (Milky Mist earns Rs 1,000 crore…
Slow pace of probe into adulterated milk at MANMUL has raised doubts
The probe into adulteration of milk reported at The Mandya District Co-operative Milk Producers Society’s Union Limited-(MANMUL) has raised doubts . People are worried about the slow pace of probe. It is said that the adulteration of milk with water came to light on May 30 last. The milk transporters made alterations to milk tankers….