Scorching summer makes Mother Dairy bullish on VADP led by ice-creams
Ice-creams category grows by 40-50 per cent over 2019 levels; to ramp up distribution and portfolio of sub-brand Nutrifit Amidst soaring temperatures and revival of out-of-home sales, Mother Dairy expects to rake in revenues of ₹2,000 crore in FY23 for its value-added dairy business comprising of products such as ice-creams and dairy-based beverages. The company also…
Sweets, cheese to get dearer as milk rates to go up for bulk buyers: Punjab
With local dairy farmers announcing a hike in milk prices for bulk buyers such as sweet meat shops, the common man is ultimately set to feel the pinch as the rate of milk-products, such as cheese, khoya and sweets, will go up resultantly. As per the announcement, bulk buyers will have to shell out ₹7 extra…
Higher milk prices to hurt dairy companies and hit their margins
Milk procurement prices have been rising, prompting higher revenues for dairy companies but also leading to pressure on margins in FY2023-24, according to a report. “After a period of lower milk prices for two years, milk prices have started the up-cycle. We note higher milk prices will result in higher revenues for dairy companies but…
Four Startups Are Remaking Milk To Shape The Future Of Dairy
There’s no disputing the industrial dairy complex is problematic, particularly when it comes to fighting the climate crisis. Dairy farms across the world are a major contributor to the total greenhouse gas emissions over the life cycle of milk and other dairy products. We’re profiling four alternative dairy startups from around the world that are…
World’s largest precision fermentation facility to be set up by Remilk
Following the close of $120 million in Series B funding,Remilk, the food-tech innovator reimagining dairy, announced it will build the world’s largest full-scale precision fermentation facility on more than 750,000 square feet of newly acquired land within The Symbiosis project, a pioneering sustainable industrial ecosystem, in Kalundborg, Denmark. This next major milestone demonstrates Remilk’s continued leadership in the rapidly…
Heritage foods will be bringing more value-added products to the mix
It seems an obvious question to ask of Brahmani Nara, the Executive Director of dairy major, Heritage Foods. Why, given her heritage as granddaughter of Telugu movies’ super star NT Rama Rao and daughter of actor Balakrishna (NTR’s son), she didn’t get into the celluloid biz, like other star kids? She’s been asked that question…
Exclusive township for dairy farmers to come up in Kota
An exclusive township for dairy farmers is set to come up in this city of Rajasthan with 738 houses, fodder stores and a single cattle shade capable to accommodate at least 28 cattle. The one-of-its-kind township being built under the Rs 300 crore-worth Devnarayan Integrated Housing Scheme (DIHS) by Kota Urban Infrastructure Trust (UIT) will…
Expected dairy sales growth rate at 9.1% from FY18 to FY24 : Crisil
This is the first channel dedicated to dairy-related news from India and abroad. It will cover top seven dairy news from last seven days. The news will be aired on every Sunday. The channel will have expert interviews, market and technical analysis and a lot more sections very soon. You may share in comments about…
World Dairy Summit 2022 to be held in person in Delhi in September
The World Dairy Summit 2022 to be organised by the International Dairy Federation (IDF) – popular as IDF WSD 2022 – would be held in Delhi in September, it was announced on Thursday. After a two-year recess due to the Covid-19 pandemic, the 2022 edition of the Summit will be held in person from September…
ITC plans to broaden dairy portfolio, tap Bengal’s ‘low’ milk availability
Diversified conglomerate ITC Ltd is looking to widen its product portfolio in the dairy segment and tap the low milk consumption in West Bengal, a company official said on Thursday. Per capita availability of milk in West Bengal is ‘low’, one-third of the national average of 427 grams per day, he said. We want to…