Demand for dairy falls at global auction at GDT
The average price at the fortnightly sale fell 4.1 percent US$4360 a tonne, after falling 1.3 percent in the previous auction. The price of wholemilk powder, which strongly influences the payouts for local farmers, was 3.3. percent lower at US$3961 a tonne – the first time price have below the $4000 mark since October. NZX…
Milma demands Roll back of recently announced gst on fresh milk products
‘Move to cause severe stress on country’s strained dairy sector’ The Kerala Cooperative Milk Marketing Federation (KCMMF), known by its brand name Milma, has demanded rollback of the GST Council’s decision to impose 5% GST on relabelled and repackaged buttermilk, curd, lassi and paneer, and steeply raise the tax on dairy machinery from 12% to…
World Bank to discuss NDP-II project next week
The second phase of the National Dairy Plan (NDP-II), which will focus on supporting smaller milk unions to strengthen their marketing efforts and tackling adulteration in milk, is likely to be finalised soon. NDDB Chairman Meenesh Shah said the World Bank mission would be in Anand during the second week of July to discuss the…
USDA says EU milk production has peaked… and is shrinking
EU milk production peaked in 2020, according to analysis by the US Department of Agriculture. USDA analysts said milk deliveries from dairy farms declined in 2021, and they predicted it will fall further this year, and in 2023 and later years, when the new Common Agricultural Policy (CAP) and the accompanying Farm to Fork Strategy…
Prices of Curd, Lassi and Buttermilk likely to rise after imposition of 5% GST
In the 47th meet, the GST Council chaired by Finance Minister Nirmala Sitharaman under withdrawal of exemptions, said, “hitherto, GST was exempted on specified food items, grains, etc when not branded, or right on the brand has been foregone. It has been recommended to revise the scope of the exemption to exclude from its prepackaged and pre-labeled…
Sales of HUL Kwality Wall’s ice cream back to pre pandemic levels
Hindustan Unilever Ltd’s (HUL) ice cream business under the umbrella brand Kwality Wall’s is back to pre-pandemic levels, thanks to the prolonged summer this year. In an interview, Srinandan Sundaram, executive director, foods and refreshment, HUL, spoke about the surprise business recovery, increased focus on home delivery channels and an eye on viable acquisitions. Edited…
Goa Dairy struggles and forced to stop FCM and Cow milk supply
The Curti-based Goa Dairy is yet to come out of the morass that it has been for the last your years. In fact, the dairy is heading for more troubles as its milk sales are dwindling and its cattle feed plant has been out of action for a week. Milk sales of the dairy have…
Farmers seek incentives from govt to promote dairy sector
Dairy farming will play a key role in accelerating the growth of agriculture sector and in providing nutritious dairy products to masses. The state government under its Amul – Palavelluva is providing an incentive of Rs 5 to 7 per liter of milk to farmers associated with milk cooperative societies in some districts. The farmers of twin…
Dairy industry : “Change before you have to.”
Today is July 1st , 2022. A day which is bringing a big change in the Indian dairy and food industry through regulatory measures.. There are three major departments which regulate all food business in India . These are Food authority ( FSSAI), Goods and Service tax ( GST) and Central Pollution Control Board (…
Consumers and manufacturers share responsibility for the planet’s health
Product launches satisfy consumer expectations around environmental responsibility For several years now, Innova’s Top 10 Trends have been headed by issues related to transparency and building consumer trust. By 2022, these trends had zeroed in on environmental issues and a shift in key consumer concerns about the environment. Even in a pandemic, the health of…