Prabhat dairy to be delisted from the stock exchange from April 30th
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said. This comes after the company complied with the formalities for voluntary delisting of equity shares. Further, exit option will be kept open by the promoter/ acquirer of the company —…
Parag Milk Food aims to raise Rs 300 crore via preferential allotment
Shares of Parag Milk Foods are trading higher after the announcement of its fundraising plans. The company aims to raise over Rs 300 crore via preferential allotment. CNBC-TV18 spoke with Devendra Shah, Chairman of the company to discuss this. Shah said with this amount, the company is replacing short-term working capital with long-term. Also read…
Milk Pouch sales dropped by 25-30% across Maharashtra due to Covid
Milk sales across Maharashtra have dropped by almost 25-30%, from an average per day sales of 1.2 crore litres to 86-90 lakh litres since the lockdown-like restrictions came into force, rough estimates from the Maharashtra Milk Producers and Processors Association have indicated. “Traders have cut down on milk purchases due to restrictions on market operations,…
Indian dairy industry is not competitive in exports of milk as a commodity
Recently, the Federation of Indian Chambers of Commerce and Industry (FICCI) hosted the 13th edition of the Foodworld India Global Convention for Food Business and Industry. On day two, during the session ‘Untapped Export Potential: Key for Sustained Growth of India’s Processed Food Industry’, RS Sodhi, the managing director, GCMMF (Amul) mentioned that India is…
Walmart Launches Line of Dairy-Free shredded cheeses
According to GoDairyFree.org Walmart has a line of dairy-free shredded cheeses! This is great news as the plant-based dairy market continues to thrive. Great Value Plant-Based Cheese Shreds are made without added proteins, allergens and are budget-friendly. The item comes in three flavors, Mozzarella, Cheddar and Mozzarella Cheddar blend. Transparency Market Research shared, “Global Vegan Cheese…
Nestlé launches dairy-free Milo in Asia as dairy alternatives segment grows
Swiss food giant Nestlé is launching plant-based versions of some of its most-loved brands in Asia as consumers include more dairy alternatives in their diet. That now has a new plant-based version of Milo, the world’s leading chocolate malt beverage. This new version replaces the milk in the original recipe with almond and soy, but…
Walmart Launches Line of Dairy-Free shredded cheeses
According to GoDairyFree.org Walmart has a line of dairy-free shredded cheeses! This is great news as the plant-based dairy market continues to thrive. Great Value Plant-Based Cheese Shreds are made without added proteins, allergens and are budget-friendly. The item comes in three flavors, Mozzarella, Cheddar and Mozzarella Cheddar blend. Transparency Market Research shared, “Global Vegan Cheese…
Nestlé launches dairy-free Milo in Asia as dairy alternatives segment grows
Swiss food giant Nestlé is launching plant-based versions of some of its most-loved brands in Asia as consumers include more dairy alternatives in their diet. That now has a new plant-based version of Milo, the world’s leading chocolate malt beverage. This new version replaces the milk in the original recipe with almond and soy, but…
Russian imports of dairy products lowered by 10%
In January 2021, Russian imports of dairy products appeared to be 10% lower compared to their level in 2020 for the same period and practically corresponded to the volume of imports in 2019. 577 thousand tons of dairy products worth USD 202.6 million (-25%) were imported. Such data is provided in the report by the…
Russian imports of dairy products lowered by 10%
In January 2021, Russian imports of dairy products appeared to be 10% lower compared to their level in 2020 for the same period and practically corresponded to the volume of imports in 2019. 577 thousand tons of dairy products worth USD 202.6 million (-25%) were imported. Such data is provided in the report by the…