Source : India narrative 18th Dec 2022 by Mahua Venkatesh
Retail prices of packaged milk supplied by dairy cooperatives and Mother Dairy could see another round of hike soon, owing to the rise in costs of feed and other inputs. “As we have to hike procurement prices of milk from farmers, there could be one more round of increase in prices by cooperatives,” Meenesh C Shah, chairman, National Dairy…
US declares lab-grown meat safe to eat in ‘groundbreaking’ move
The US government has cleared the way for Americans to be able to eat lab-grown meat, after authorities deemed a meat product derived from animal cells to be safe for human consumption. The US Food and Drug Administration (FDA) will allow a California company called Upside Foods to take living cells from chickens and then grow them…
Heritage Foods: Will margins make a comeback for this dairy company?
The stock price gained over 9 percent on September 30. The company announced 1:1 Rights Issue through a regulatory filing. “The Board of Directors of the Company at the meeting approved to issue equity shares in the ratio of 1:1 by way of Rights Issue basis at the face value of Rs 5 each per…
TD questions YSRC government leasing out Chittoor Dairy
Telugu Desam national spokesman Kommareddy Pattabhiram accused Chief Minister Y.S. Jagan Mohan Reddy of deliberately destroying dairy industry in Andhra Pradesh only to promote Amul Dairy. Speaking to media here on Thursday, he alleged that the actual plan of CM is to hand over properties of AP Dairy Development Corporation and other cooperative dairies in the state…
Rs 2,128 Cr To Telangana Dairy Sector In 4 Years From Center
Union Minister for Animal Husbandry, Dairy Development and Fisheries Purushotham Rupala said that the funds allocated by the Central government for the development of Dairy industry in Telangana in the last 4 years is Rs. 2,128 crores. He said in the financial year 2022-23 Rs. 540.10 crores have been allocated to Telangana through its schemes…
Gulab Jamun and Rasmalai tops the orders for desserts on Swiggy
Just like every year, online food delivery firm Swiggy has revealed what Indians ordered the most from the platform in 2022. According to Swiggy, Biryani topped the chart of most ordered dishes this year. This is the seventh time in a row that the dish has topped the chart. The report also revealed that Biryani…
As whole sale milk price simmer, dairy cos may take further hike
With the price of wholesale milk continuing to rise across the country, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities. These companies will need to focus on increasing the share of Indian value-added products to protect their profitability, analysts at the brokerage…
Teagasc forecasts milk prices to fall by 15% in 2023
A resumption in global milk production will dampen demand growth and drive down milk prices by 15% in 2023, Teasgasc has forecast. In its latest Economic Outlook for Irish Agriculture report, published today (Tuesday, December 13), Teagasc highlighted the prospects for the dairy sector in 2023. Teagasc outlined in the report that 2022 had been a challenging year…
What’s common between Amul and Parle G?
Consumers and brands alike were blindsided by the pandemic and subsequent lockdowns, but a few companies with operations outside India were slightly ahead of the curve. While the list of companies able to achieve this feat is long, for a household brand, catering to a country of 1.38 billion people, it was one of the toughest strategies to crack….
Dairy to be probed by Maharashtra Coop and Dairy development depts
The state Cooperation and Dairy Development departments are set to probe the Pune District Co-operative Milk Producers’ Association, also known as Katraj Dairy, over alleged irregularities. The dairy is controlled by leaders linked to Nationalist Congress Party (NCP) leader Ajit Pawar. According to an order issued by the state Animal Husbandry and Dairy Development department…