Tripura govt to introduce subsidised milk products at ration shops
The Food and Civil Supplies department of Tripura has announced plans to offer four selected milk products at subsidised rates in government-sponsored fair price shops. The products, sourced from Gomati Diary, a cooperative society-run agency, will be available in 15 fair price shops in and around Agartala city starting February 16. Tripura’s Food and Civil Supplies department…
Heritage Foods Q3 results: Profit surges 96% on strong dairy demand
ndia’s Heritage Foods reported a 96% jump in third-quarter profit on Monday, helped by strong demand for its dairy products. The dairy producer’s consolidated profit rose to Rs 2.69 crore ($3.2 million) for the quarter ended Dec. 31 from Rs 1.373 crore a year earlier. The average selling price of milk rose 5.2% year-on-year, boosting…
After millets Brazilian markets are eyeing Indian dairy products
India and Brazil are discussing a proposal to open the Brazilian market for Indian dairy products, including camel milk and special cheese, two senior officials from the two countries said. Both governments are collaborating on this initiative, following the recent opening of Brazil to Indian millet exports. The proposed partnership also involves plans to set…
Swiss chocolatier Läderach eyes expansion in India
India’s burgeoning appetite for luxury, particularly Western-inspired trends, has caught the eye of Swiss chocolatier Läderach, which controls about 5% of the entire Swiss chocolate market. Landing in Delhi just eight months ago, the brand faces stiff competition and complex import duties, but still sees immense potential in the market and expects to open at…
ITC leverages AI for spotting consumer trends & product development
Fast-Moving Consumer Goods (FMCG) major ITC Limited is leveraging Artificial Intelligence (AI) to strengthen its product portfolio by getting insights into new consumer trends. The company is also capitalising on technology throughout its product value chain. Under pilot runs for its dairy business, the company is using AI tools to check the health of cows and technologies to evaluate…
DAIRY NEWS Anantnag Surpasses Pulwama in Milk production
Anantnag district has surpassed Pulwama district in milk production, earning the title of the ‘New Anand of Kashmir’. Anantnag is presently producing 7.29 lakh litres of milk per day. Officials said the annual milk production in the district is approximately 266.35 thousand tonnes, surpassing Pulwama, which has an annual milk production of 262.95 thousand tonnes….
Sabar Dairy announces pay hike for milk producers
Sabar Dairy has increased the procurement price of milk by Rs. 10 per kilo fat. Previously, the price of milk per kilo fat was Rs. 840, and it will now be Rs. 850 per kilo fat. This adjustment will take effect from February 1st. The board of Sabar Dairy decided to hike the procurement price…
Dodla Dairy impressive results in Q3
Dodla Dairy Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,468.41 million compared to INR 6,754.31 million a year ago. Revenue was INR 7,525.45 million compared to INR 6,819.63 million a year ago. Net income was INR 413.32…
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for…
World Co-op Monitor: Amul makes India proud; comes 2nd globally
Amul has made a remarkable achievement by securing the second position globally in the Co-op Monitor, showcasing the strength of India’s dairy cooperative sector. The Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), operating under the renowned brand name Amul, clinched this prestigious spot among the world’s top 300 cooperatives. The ranking is determined by the…