Dodla Dairy shares jumped over 19% after acquiring Sri Krishna Milks
Shares of Dodla Dairy Limited jumped over 19 per cent to hit an intraday high of Rs 548 on BSE after the company announced that it has acquired Karnataka-based Sri Krishna Milks Private Limited for Rs 50 crore to expand its business. In a regulatory filing, Dodla Dairy informed that the company has executed an…
Ongoing Russia-Ukraine conflict has led to financial losses to Goa Dairy
The ongoing conflict between Russia and Ukraine has had financial repercussions in the dairy sector, with Goa Dairy facing huge losses from rising raw material costs to produce cattle feed. After posting a profit for the first time during the last fiscal year, Goa Dairy’s cattle feed manufacturing plant in Mharvasaddo-Usgao has faced a loss…
Systemic change in food packaging recycling only possible through PPP
New research report says systemic change in food packaging recycling only possible through public-private partnerships to drive innovation A new report from Finland’s Technical Research Center (VTT), ” Recycling Food Packaging”,highlights those technology solutions expected to become commercially available in the next five years and says partnerships are essential to deliver the necessary technological innovations…
Dairy farmers demand increase in milk purchase prices
Dairy farmers supplying milk to Tamil Nadu Cooperative Milk Producers Federation (Aavin) on Monday staged a demonstration outside the Collectorate demanding increase in milk procurement price. Speaking to the press, M. Sankar, State treasurer of Tamil Nadu Milk Producers Association, said the prices of bran, groundnut cake, and fodder for livestock had increased steeply in…
Dodla Dairy to acquire Sri Krishna Milks for Rs 50 crore
Dodla Dairy Ltd , the Hyderabad-headquartered listed dairy firm, on March 19 announced the acquisition of Karnataka-based Sri Krishna Milks Private Ltd for Rs 50 crore. Sri Krishna Milks was incorporated in March 1989, and was the first private sector dairy company in Karnataka state, according to a stock exchange announcement. The objective of the…
The Latest Sign of Dairy Inflation Is Tanking Sales of Semen
Higher prices for dairy products could be coming, and falling sales of semen from dairy bulls are telling the story. The market for dairy semen sales has tanked to a 17-year low, with sales volumes dropping by 6.7% last year, according to National Association of Animal Breeders data. It’s because American dairy farmers don’t want as many milking cows…
The Latest Sign of Dairy Inflation Is Tanking Sales of Semen
Higher prices for dairy products could be coming, and falling sales of semen from dairy bulls are telling the story. The market for dairy semen sales has tanked to a 17-year low, with sales volumes dropping by 6.7% last year, according to National Association of Animal Breeders data. It’s because American dairy farmers don’t want as many milking cows…
‘In India, the dairy industry need to employ technology at every level’
Recently America’s largest independent dairy supply chain technology provider Dairy.com had bought 100% stake in Mr. Milkman, which was their first India investment. Mr. Milkman – a SaaS platform empowers dairies and other industries to manage customer subscriptions and deliveries with unrivaled efficiency. In a joint interview, Samarth Setia, CEO and Co-Founder of Mr. Milkman and Ryan Mertes, CSO of Dairy.com discuss…
Gujarat’s co-operative system a role model for India: Amit Shah
“Gujarat’s co-operative system is a role model for the country, with co-operative sugar mills being the best in the country. The cooperative sector has made invaluable contributions in providing equal development opportunities to the poor, farmers, women, and youth of the country,” said Union Home and Co-operation Minister Amit Shah while addressing a conference on…
Ukraine-Russia conflict: Multi-layered impacts on dairy
The impacts of the Ukraine-Russia conflict on the global dairy markets are multi-layered, Rabobank says in a recent report. “Higher feed and fertiliser prices will only serve to limit milk supply growth in an already tight market.” According to the Rabobank report, there will be some impact in Australia as a result of the tightened…