Profits of Saudi dairy giant Almarai climb 9% to $112m in Q1
Saudi-based dairy giant Almarai has recorded a 9-percent increase in profit for the first quarter of 2022 on the back of higher revenue. Net profit rose to SR420 million ($112 million) from SR385 million a year ago, a bourse statement revealed. Results were attributed to a hike in revenue of 23.6 percent and gross profit of 7.8 percent, even…
Global dairy alternatives industry to generate $55.4 billion by 2031
According to a report by Allied Market Research , the global dairy alternatives industry generated $13.1 billion in 2020 and is anticipated to generate $55.4 billion by 2031 witnessing a CAGR of 13.99% from 2022 to 2031. The market researchers attributed the growth to several factors, including a rise in the number of people allergic to dairy,…
Global dairy alternatives industry to generate $55.4 billion by 2031
According to a report by Allied Market Research , the global dairy alternatives industry generated $13.1 billion in 2020 and is anticipated to generate $55.4 billion by 2031 witnessing a CAGR of 13.99% from 2022 to 2031. The market researchers attributed the growth to several factors, including a rise in the number of people allergic to dairy,…
Dairy prices, volumes drop at Global Dairy Trade auction
International milk prices and volumes fell in this month’s first Global Dairy Trade auction held by GDT Events, reported Reuters. The GDT Price Index fell 1%, with an average selling price of $4,981 per tonne, in the auction held on Tuesday. The index fell 0.9% at the previous sale, according to GDT Events. A total…
Dairy prices, volumes drop at Global Dairy Trade auction
International milk prices and volumes fell in this month’s first Global Dairy Trade auction held by GDT Events, reported Reuters. The GDT Price Index fell 1%, with an average selling price of $4,981 per tonne, in the auction held on Tuesday. The index fell 0.9% at the previous sale, according to GDT Events. A total…
Odisha government has launched the Sex Sorted Semen’ technology
Odisha government has launched the ‘Sex Sorted Semen’ technology under the artificial insemination programme in a bid to boost the state’s dairy sector and enhance the income of farmers. The technology will ensure up to 90 per cent chance of production of female calves with high genetic merit along with reduction of male progeny, thereby…
Milk subsidy to the farmers : A tool for development or a weapon to kill
The Meteorological Department has said that there is a possibility of severe heat in most parts of the country; this year between March and May. The IMD said that areas from west to central and northwest India will have a heat-surge between March and May;and the temperatures will go above normal. In other words, this…
The road towards a sustainable future : Milky mist Dairy
Dodla Dairy has won the Promising Organisation award instituted by for the Indian Biogas Association (IBA), for its contribution towards biogas generation from waste and efficient usage on its premises; also contribution to the biogas industry as a whole. IBA is the association of operators, manufacturers, and planners of biogas plants. The company has been…
Karimnagar Dairy will soon give Amul a run for its money: Chairman
The Karimnagar Dairy, one of the leading dairy in the Telangana state in terms of sales and procurement of milk and milk products is all set to progress on par with the Amul Dairy and compete with other dairies in the country, said, Dairy chairman Ch Rajeshwar Rao on Monday. Speaking to newsmen, Rajeshwar Rao said that…
Can new age dairy disruptors outsmart India’s famed milk cooperatives?
Minati Patnaik, a 55-year-old homemaker in Bhubaneswar had been buying milk from a local milkman for over three decades. Though the latter was infamous for adulterating the milk, Minati chose to ignore it as she had heard worse stories of adulteration by local milk co-operatives. It’s been five years since Minati switched allegiance to Milky…