Dudhsagar Dairy Announces Record-Breaking Profit of Rs 321 Crores
During its Annual General Meeting (AGM) on Tuesday, the Mehsana District Cooperative Milk Producers’ Union Limited (MDCMPU), which manages the Dudhsagar Dairy in Mehsana, North Gujarat, claimed a record profit of Rs 321 crore “for the first time in its 60 years of existence.” This profit, which is distributed to milk producers , is roughly…
Dairy Industry Strives for Sustainability
Sustainability seems to be the topic of discussion around every agriculture commodity, but the American Dairy Association’s (ADA) commitment to exceeding efficiency expectations has created an industry driven towards a more sustainable future. To set the foundation, compared to ten years ago, US dairy farmers use 21% less land, 30% less water and 17% less…
WORLD DAIRY NEWS BIODEGRADABLE PLASTIC FROM WHEY PERMEATE
The director of the Center for Dairy Research says he’s confident new chemicals and compounds made from dairy byproducts will be on the market soon. Dr. John Lucey says, “We are really pushing this here at the CDR as the next thing to look out for.” Lucey says the University of Wisconsin campus also has…
Provilac Announces Launch of Lactose-Free Cow Milk in India
Provilac, one of the fastest-growing neo-age premium milk delivery firms in India, announces the launch of lactose-free cow milk. Currently, standing at an annual turnover of 50 Cr., the Angel-funded start-up is planning to massively expand its milk offering. With this launch, Provilac is looking to capture a 10-20 percent market share of the lactose-free…
US’s leading Whey Protein Isolate Isopure starts manufaturing in India
Isopure, one of US’s leading Whey Protein Isolate brands, in the premium lifestyle performance nutrition space will now be manufactured in India in collaboration with Tirupati Lifesciences. This will be the only international production facility of the global brand, outside the US, given the growing demand in India for Isopure. While majority of the ingredients will still be imported,…
Unilever ‘warms up’ ice cream freezers to help tackle emissions
Unilever is launching two pilots to trial warmer ice cream freezer cabinets with an aim of reducing energy use and greenhouse gas emissions by approx. 20 – 30% per freezer*, whilst ensuring the same ice cream quality and consumer experience. The two pilots, kicking off this month in Germany with a second pilot to follow…
Calcutta HC upholds state govt’s Metro Dairy stake sale to Keventer
The Calcutta High Court dismissed a petition alleging the sale of State’s Metro Dairy Limited (MDL) shares to Keventer Agro Ltd (KAL) in 2017 was non-transparent or opaque. A division bench of the court said the state has not adopted a non-transparent method to sell 47 per cent of its stake to KAL and there…
Russia’s dairy concerns over new sanctions
The Russian dairy industry association, Soyzmoloko, has called the government to refrain from a ban on the entry of European trucks, which is being discussed by Russian and Belarusian authorities. On 8 April 2022, the EU adopted the fifth round of sanctions which introduced new sectoral measures targeting Russia and Belarus, including a full ban…
WORLD DAIRY NEWS Weakening demand in China to ripple in dairy markets
The Global Dairy Trade Index has fallen 11% since April following rapid increases this winter as demand is called into question amid lockdowns across multiple Chinese cities. Rabobank expects the market will carefully monitor the situation in China for signs of further weakening demand. The move downwards of the GDT Index puts it back down…
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in…