Dairy prices drop, volumes rise at auction SMP prices crashed by 4.2%
International milk prices fell while volumes rose in this month’s second Global Dairy Trade auction held by GDT Events. The GDT Price Index fell 3.6%, with an average selling price of $4,855 per tonne, in the auction held on Tuesday. The index fell 1% at the previous sale, according to GDT Events. A total of 22,179 tonnes was sold…
Subsidy to dairy cooperatives must ensure nutritional efficiency also
I recently received a heart touching story from one of my dear friends about the genesis of Syndicate Bank. The bank had merged with Canara Bank in 2020. . There are three reasons why Syndicate Bank is important in the evolution of India as a wealth generator ; and for working towards the upliftment of the masses….
Stone laid for desi ghee plant at Tirupati Tirumala Tirupati Devasthanams
The Tirumala Tirupati Devasthanams (TTD) is set to become self-reliant in meeting its requirement for ghee. TTD chairman YV Subba Reddy along with TTD executive officer Dr KS Jawahar Reddy laid the foundation stone for a desi ghee production plant at SV Gosala in Tirupati in Friday. The production plant, which is expected to begin…
Supply chain companies play a “critical” role in reducing dairy emissions
There’s an urgent need to reduce — and remove — carbon in the atmosphere to stave off the most destructive impacts of climate change. But reducing methane emissions may be the fastest way to curb global warming. One particularly crucial industry to focus on: the dairy sector, according to a new report from the Transform to Net zero…
Exports of Indian dairy products top $500-million mark, hit eight-year high
Indian dairy exports are estimated at an eight-year high in FY22 on strong demand, helped by higher global prices. Provisional data for the first eleven months, from April 2021 to February 2022, indicates that shipments have touched 1.70 lakh tons valued at more than 552 million dollars, a growth of 93% in value and 63%…
Goa Dairy plans to procure cow milk from Karnataka
After a decade, Goa Dairy is contemplating procuring cow’s milk from Karnataka to satisfy its every day demand. Earlier than 2012, the dairy used to get milk from Maharashtra and Karnataka as native provide was not ample. Goa Dairy is dealing with the same state of affairs now. To date, the dairy obtained cow’s milk…
25% increase in turnover for dairy major Milma Kerala State dairy cooperative
The Milma has recorded a 25% increase in its turnover in 2021-22. It increased its turnover (provisional) to Rs 4,300 crore from Rs 3,388 crore the previous year. In 2019-20, Milma’s turnover stood at Rs 3,210 crore. “The last two years have been really tough with the Covid-19 pandemic triggering an all-round crisis. But Milma…
CavinKare offers ‘protein-rich’ cheese in its dairy portfolio
Fast moving consumer goods (FMCG) major CavinKare has strengthened its dairy portfolio by offering ‘protein-rich’ cheese under its flagship brand Cavin’s. The new product will be available in slice, spread and block variants. With this offering, the brand also plans to scale its position into one of the top three players in the consumer segment,…
Mother Dairy eyes Rs 500cr turnover from eastern India in 5 yrs
Mother Dairy Fruit & Vegetable Pvt Ltd, a wholly owned subsidiary of the National Dairy Development Board (NDDB), on Monday said it is set to expand footprint in West Bengal over the next five years, augmenting manufacturing capacity of value-added dairy products and reaching out to more districts. The company’s value-added dairy offerings, including ice-cream,…
Amul dairy braces for sales disruption due to straw ban
India’s US$8bil (RM33.8bil) Amul dairy group is bracing for disruptions and higher input costs for some products from July when the government’s ban on plastic straws kicks in. India last week refused to waive an impending ban on straws that are packaged with small juice and milk beverage packs, stoking fears in the US$790mil (RM3.3bil) industry that…