Heritage Foods strikes back with a Profitable bottom line in 2020-21
Heritage Foods achieved a revenue of Rs 2473.1 Crores in 2020-21 as against Rs 2725.9 Crore in 2019-20. The EBIDTA margins have improved to 11% from 5% in the previous year.The net profits have again became black at Rs 148.3 Crores in 2020-21 as against a loss of 169.4 crores in 2019-20. The board of…
Genomic selection in Gujarat launched jointly by NDDB and GCMMF
Mr Meenesh Shah, ED NDDB and Sh R S Sodhi, MD GCMMF signed a historic MOU on May 18,2021 at Anand. This collaboration will be to expand reference population for genomic selection. In order to develop the genomic inventory the performance of a set of animals will be recorded over a period of time. In the next…
Evening milk collection by Milma stopped in Malabar region
Covid wave 2 and its restrictions are making lives of dairy farmers in Malabar region of Kerala state miserable. Keralas state milk cooperative federation Milma has stopped collecting evening milk from the farmers in six districts of Malabar region. The collection has been stopped from Tuesday May 18 2021. The Federation is facing problem with…
Carbon free Enviro labelling : Are we prepared for emerging consumer trends?
I hope all of you are safe and fine with your near and dear ones. The dairy scenario in India is following the doctrine of mirror neurons. History is repeating itself and farmgate milk prices have already plummeted in double digits. The milk supply chain has yet not been impacted like last year . But…
Amid rising losses, Mother Dairy comes out with VRS scheme
At a time when the country is facing its worst health crisis and governments and organisations are looking to provide support to citizens and employees respectively, Mother Dairy Fruit & Vegetable Pvt Limited — a wholly-owned subsidiary of National Dairy Development Board — has announced a voluntary retirement scheme for its employees, offering a maximum…
Kerala triple lockdown: Milma seeks exemption to collect and distribute milk
The Kerala Cooperative Milk Marketing Federation (Milma) has sought total exemption from ‘triple lockdown’ restrictions clamped on four districts of Thiruvananthapuram, Ernakulam, Thrissur and Malappuram, holding that the curbs will severely hamper its procurement and distribution operations. In a letter to Chief Minister Pinarayi Vijayan and Chief Secretary V P Joy, Milma chairman P A…
Heritage cuts milk price by ₹4 a litre following Aavin’s price reduction in Tamil Nadu
Dealers have urged the companies not to reduce the procurement price Heritage Foods too has announced a reduction in prices of milk in Tamil Nadu and Puducherry. Effective Sunday, it will reduce the price of its four variants by ₹4 a litre. “The government has reduced prices of Aavin milk. We thought since the public…
Chocolate is about to get more expensive due to upsurge in palm oil prices
The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns. The world’s most consumed edible oil has surged more than 120 per cent in the past year and burst through RM4,500 (S$1,453) a ton to a record on…
Chocolate is about to get more expensive due to upsurge in palm oil prices
The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns. The world’s most consumed edible oil has surged more than 120 per cent in the past year and burst through RM4,500 (S$1,453) a ton to a record on…
The Second wave is more grim as compared to the last year : R S Sodhi
Mr R S Sodhi MD GCMMF in a recent interview shared his experience with the market sentiments during ongoing second wave of Covid-19. During the first wave last year, the lock down came as an opportunity to spend time with family and near and dar ones. People began to experiment with their cooking skills. Every…