Fonterra cuts this season’s milk price-lower price for next season
Fonterra announced a lower opening milk price for farmers next season and also cut its forecast for this season as Chinese demand lags behind pre-pandemic levels. The co-operative expects to pay farmers between $7.25 and $8.75 per kilogram of milk solids for the season starting next month. The $8 per kgMS mid-point, which farmers are…
Dairy sector can take India closer to its net-zero goals
The dairy sector’s contribution to India’s economy is significant, making it a crucial sector for the country’s overall growth and development. It provides employment opportunities to millions of people, particularly in rural areas, and contributes to the country’s food security. However, the sector’s growth has come at a considerable cost to the environment, with increasing…
Milk prices in the world’s dairy powerhouse India have spiked 15%
Leading milk producer India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for ice cream, and a contagious cattle disease. According to data provided by food commodity price database Mintec, milk prices in India rose from 46 rupees per liter to 53 rupees per liter…
Milk Procurement Price Down 10% Retail Rates Unchanged
Several dairies from Maharashtra and northern India have reportedly slashed milk procurement prices by 10 per cent. While these milk prices have been brought down in the last fortnight, consumers are reportedly not expected to get any benefit of this as retail rates remain unchanged. According to a report in the Economic Times, the only…
FSSAI to conduct nationwide surveillance of milk, milk products
In a bid to check adulteration, the Food Safety and Standards Authority of India (FSSAI) on Thursday said it will conduct nationwide surveillance of milk and milk products. The surveillance, to be conducted on a large scale, will involve collecting samples from both the organised and unorganised sectors in all districts countrywide. Samples of products…
J&K Dairy Farmers Association highlights achievements, demands
On completion of an year since its formation, Jammu & Kashmir Dairy Farmers Association today highlighted its achievements and demands seeking Government help for further promotion of dairy sector in J&K. While talking to media persons, here today, President of JKDFA, Kulbhushan Khajuria demanded that infrastructure should be developed for cattle mandi; one in Kashmir…
Rajasthan, MP outpace Gujarat in milk output value growth
Gujarat has earned the title of the milk capital of the country for the strides it has made in the organized dairy sector, but neighbouring Rajasthan and Madhya Pradesh have outpaced Gujarat in terms of the value of milk output over the past decade. A report compiled by the Union ministry of statistics and programme implementation (MoSPI)…
Stalin tells Centre to stop Amul to refrain from milk procurement
Tamil Nadu Chief Minister M K Stalin on Thursday sought Union Home Minister Amit Shah’s intervention in directing Gujarat-based dairy giant Amul to desist from milk procurement with immediate effect citing unhealthy competition with the state’s co-operative milk producer Aavin. In a letter to Shah, Stalin urged the Centre to address the issues arising out…
Pune-based dairy Sonai sends defamation notice to 4 farm leaders
The Pune-headquartered Indapur Dairy and Milk products Ltd, the company which retails under the brand name of Sonai, Tuesday wrote to the Solapur Superintendent of Police seeking action against farm leaders who allegedly “defamed” the dairy on social media and other platforms. This comes in the backdrop of a protest by the dairy farmers of…
Dodla Dairy Q4 FY23 Net Sales up 22.82% Y-o-Y
Net Sales at Rs 724.28 crore in March 2023 up 22.82% from Rs. 589.72 crore in March 2022. Quarterly Net Profit at Rs. 22.53 crore in March 2023 down 44.35% from Rs. 40.48 crore in March 2022. EBITDA stands at Rs. 40.03 crore in March 2023 down 21.76% from Rs. 51.16 crore in March 2022….