Dairy companies to further increase their prices in first half of Fy 23
Milk prices could remain high in the current financial year on account of the high global prices of skimmed milk powder and cattle feed. This could prompt dairy companies to hike prices further in the first half of the financial year, analysts at ICICI Securities said in a note on Friday. “All the dairy companies…
Amul’s expansion plan is signal for other coop to shape up
Amul, the local and biggest FMCG brand in India, is in an aggressive expansion mode. Its hunger for growth well beyond the home state of Gujarat is both natural and disturbing. For some state cooperatives in the south, and now increasingly in Madhya Pradesh, Amul’s aggressive expansion into their territories has become a source of…
Release ₹669.5 crore milk subsidy immediately in Karnataka
Claiming that the government’s unpaid dues towards support price for milk had reached ₹669.59 crore during the BJP regime in the State, Congress MLC Dinesh Gooligowda has urged Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar to take steps for immediate release of the outstanding amount. Mr. Gowda, who dispatched letters to Mr. Siddaramaiah…
Amul Versus Aavin: It’s a fear of the unknown- Chandramogan
“Maybe it’s a fear of the unknown,” says RG Chandramogan, Chairman of India’s largest private dairy company, Hatsun Agro Product Ltd, on the recent pushback again alleged attempts by Gujarat-based cooperative Amul to procure milk in Karnataka and Tamil Nadu. Local brands Aavin and Nandini are strong in Tamil Nadu and Karnataka, respectively. While it…
UP: Yogi govt launches ‘Nand Baba Milk Mission Scheme’
In a bid to make Uttar Pradesh a leading state in the field of milk development and milk production as per the intention of Chief Minister Yogi Adityanath, the Nand Baba Milk Mission was launched on Tuesday at a cost of Rs 1,000 crore, an official statement said. The Nand Baba Milk Mission scheme has…
Amul has never intended to work against other cooperatives’
The country’s largest dairy brand, the ₹72,000 crore Amul has been in the eye of a storm due to its alleged high-handedness. It began with its entry into Karnataka in April and now States such as Kerala are also complaining. Though the law doesn’t prevent Amul from selling in other States (it has been procuring…
Milk inflation is still stubbornly high at 10.9% in May
India’s consumer inflation could moderate further from April’s 18-month low of 4.7%, with food price rise likely to have cooled further in May even as prices of some items like milk, rice and pulses moved up on a month-on-month basis, economists reckoned. The National Statistical Office will release the Consumer Price Index (CPI) for May next…
DS Group acquires Bengaluru-based chocolate brand LuvIt
In a strategic move to expand its packaged foods portfolio, DS Group has acquired Good Stuff Pvt Ltd that owns chocolate and confectionery brand LuvIt. The move will strengthen the company’s presence in the chocolates and confectionery space. It also comes close on the heels of the company’s partnership with Swiss chocolate brand Laderach for…
When will Dairy farmers get 80-100 per lit in Himachal Pradesh?
Des Raj Sharma (31), a dairy farmer, is anxiously waiting for the Congress-led Himachal Pradesh government to implement its pre-poll promise of procuring milk and cow dung from the farmers at the rate of Rs 80-100 per litre and Rs 2/kg, respectively, at the earliest. “At present, I have 10 milking cows and the daily…
World Environment Day: Indian dairy industry and sustainability
Every year, World Environment Day serves as a reminder of our collective duties and responsibilities towards safeguarding the planet against the perils of climate change. Climate change affects everyone – humans, animals, aquatic life! The alarming rise in environmental concerns are making it essential to initiate result-oriented actions today in order to build a sustainable future. This…