India’s food exports rose by 25% to $1,3771 million in first half of FY 23
India’s agricultural and processed food products exports rose to $1,3771 million in April-September from $1,1056 million over the same period of last fiscal, as per the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S). As per the provisional data, for the year 2022-23, an export target of $23.56 billion has…
The world’s best cheese for 2022 is…
Soft, creamy, and delicious — who doesn’t love some cheese (or maybe more!) to enhance the flavour of their meals? But, did you know that there are thousands of cheese varieties to choose from? Recently, 4,434 cheeses from 42 countries were judged at the 2022 edition of the World Cheese Awards. Held at the International Conference Centre…
Aavin increases milk procurement prices by ₹3 a litre
Aavin on Thursday announced an increase in milk procurement prices by ₹3 a litre, and as a result, over 4.20 lakh farmers attached to 9,345 primary cooperative societies will benefit. A litre of cow milk will be procured at a price of ₹35 and buffalo milk at ₹44. The last time the milk procurement prices…
Rating agency ICRA says dairy industry reeling under high input cost
Rising price of milk procurement and higher operating costs keep dairy industry under pressure even as companies attempt to hike retail prices to combat margin pressures. While the revenue of the top six diary companies is expected to grow 12-14 per cent this fiscal, backed by strong demand revival and increase in retail prices, operating…
Mixed outlook for dairy market fundamentals continues
Dairy ingredient supplier Maxum Foods says the outlook for dairy market fundamentals continued to be mixed at the end of October 2022. Most of the focus is on the demand side with China sticking with a strict COVID policy until March 2023. Buyer caution persists in developing regions with the uncertain effect of inflation on…
Global dairy price crash bringing focus back to Indian dairy market
Next five months will play a crucial role in the Indian dairy sector. This year saw a phenomenal increase in the price of milk and milk products. The farmers also received the best milk prices for the longest duration. India has already exported more dairy products in the first six months of FY 23 than…
Lumpy skin disease had marginal impact on India’s milk output in FY23
India’s liquid milk production this year has been marginally impacted by the outbreak of the Lumpy Skin Disease in some parts of the country. The Foreign Agricultural Service (FAS) of the United States Department of Agriculture (USDA) has lowered milk output for 2022 by 0.5 per cent, or about one million tonnes, at 202.5 million…
Extreme Heat Is Stressing Cows, Imperiling Global Dairy Supply
Volumes of dairy are forecast to sink by nearly half a million metric tons this year in major exporter Australia as farmers exit the industry after years of pressure from heat waves. In India, small-scale farmers are contemplating investing in cooling equipment they’d have to stretch to afford. And producers in France had to pause…
Further downward pressure on global dairy prices
Prices have plummeted in the latest Global Dairy Trade auction, held overnight, with a 3.9 per cent decline across the board. It is the third significant drop in a row, with the index falling 4.6 per cent on October 18 and 3.5 per cent on October 4. Whole milk powder, which peaked in March at…
Chennai: From milan? or from a milk packet?
As you sit down to read this article, a cup of coffee in hand, just wondering… what did you do with your milk packet? If you haven’t thrown it away, how about we try something different? Like, wash it in hot, soapy water, dry it, store it, collect a few more like it and ship…