Dairy farmers need a stable market and better pricing for liquid milk
In the first wave of the Covid agriculture-and-allied sectors put up a spectacular performance with an annual-growth of 3.4%. While the economy contracted by (-)7.2 per cent in 2020-21. In the farm-dependent population comprising cultivators and agricultural labourers, those involved in dairying and livestock constitute 70 million. Moreover, in the total workforce of 7.7 million…
Dairies to log 5-6% growth this fiscal to reach 1.5 Lakh Crore this year
Revenue of the organised dairy sector in India, after churning to a decadal-low growth of ~1% last fiscal, is expected to grow 5-6% to Rs 1.5 lakh crore this fiscal. Healthy demand revival in value added products (VAP, 30-35% of organized sector revenue) post pandemic effect last fiscal, lower restrictions as compared with the earlier…
Amul is cleared of blames by ASCI over its stand on integrity of milk label
Amul’s stand on ‘milk’ has been vindicated. The Advertising Standards Council of India (ASCI) has dismissed three complaints filed by animal rights organizations . Namely Beauty Without Cruelty (BWC), People for Ethical Treatment of Animals (PETA) and Sharan India . They had complained against homegrown dairy giant’s ‘Myths vs Facts’ advt . This advt according…
Sunil Bansal Head of Patanjali Dairy group passed away due to Covid
Sunil Bansal, who headed the dairy business of Yoga guru Ramdev’s Patanjali Ayurved, died of COVID-19, the company said on Monday, adding it had no “role in his allopathic treatment.” Mr Bansal, 57, who was Vice President in the Dairy Division of Patanjali Ayurved Ltd, died on May 19. A specialist in dairy science, Mr…
ChickP Protein to expand company’s plant-based protein in Asia
Rehovot, Israel — foodTech start-up ChickP Protein, Ltd. is expanding into Asia Pacific . They have launched a new office in Singapore. The strategic move is in response to the rapidly growing demand for plant-based products in the region. The new subsidiary will bring the start-up closer to its Asian-customers to better support its community…
MoooFarm”s Co-founders selected for Forbes 30 under 30 Asia List
Gurugram based startup MoooFarm’s Co-founders Jitesh Arora, Abhijeet Mittal, and Aashna Singh are in news again. They secured a place in the most esteemed, recently announced Forbes 30 under 30 Asia list. They began their journey in 2019 with MoooFarm, an award-winning technology start-up to support dairy farmers. MoooFarm also raised $600k USD from Dutch-based…
Maharashtra govt eyeing dairy department’s assets for monetisation
This is a time when the Maha Vikas Aghadi (MVA) government is raising bonds to meet financial requirements. Concurrently , prime land parcels of state-owned enterprises appear as the most lucrative option. A comprehensive review is underway to utilise huge land parcels owned by the state dairy development and animal husbandry department. The department is…
Milk prices in Karnataka to be reduced by Rs 1.50 per litre from June 1
Milk unions in Karnataka will be reducing the purchase price of milk from farmers by Rs 1.5/litre from June 1. They are doing it due to the decline in dairy consumption amid the pandemic-induced lockdown. The bad news is that this low demand has occurred during a glut in production because of decent rains. The…
Amul will run existing dairy plants in AP and market milk in South India
The state government of Andhra Pradesh led by Mr Jagan Reddy has issued an order on May 19. This order approves the revival of unutilized dairy plants of APDDCF. GCMMF will acquire the unutilized assets of State government . These units were earlier given to district unions. GCMMF will use these assets under production based…
The proud son of a chauffeur in Amul will drive strategy at Country Delight
Hitesh Singh is a name which could make any parent in the world feel proud. Hitesh’s father works with the 8th largest dairy in the world Amul at Anand. Hitesh got his inspiration from Mr R S Sodhi MD GCMMF in early days while he was in school. He got lured by the mammoth size of dairy…