Saputo indicates pricing cycle linked to inflation near end
Saputo has indicated the pricing cycle linked to inflation is coming to an end but the international dairy major is still seeing some “softness” in the category. While Saputo said volumes across the group were “stable” in the second quarter and were higher in its domestic Canadian market, export volumes remained under pressure, particularly in Europe…
Chocolate V/s Traditional Mithais: The more the merrier
ACCORDING TO THE International Cocoa Organisation, India’s per capita consumption of chocolate is between 100 gm and 200 gm a year, much lower than Japan, which consumes around 2 kg of chocolate per person per year, and even Europe, where the consumption lies between 5 kg and 10 kg a year. Yet, chocolates seem to…
With KMF pressurising, milk prices likely to be hiked soon
The milk federations in the state have proposed price rise of Nandini milk. It is learnt that the prices of milk and curd will increase from New Year. Minister for animal husbandry Venkatesh said, “The milk federations have placed a proposal in front of state government saying that they are incurring loss and the milk…
Parag Milk Foods revenue grows 20% in Q2 FY24
Parag Milk Foods Limited (PMFL), a leading manufacturer and marketer of dairy-based branded products i announced its unaudited financial result for the quarter and half year that ended September 30, 2023, reporting the total revenue for the quarter at ₹7,981.6 million registering a growth of 20.1 per cent y-o-y. Despite the high festive base of last…
Does Adding Milk to Tea Make it ‘Poisonous’? What We Know
Mixing tea with milk is not harmful and not poisonous as claimed. A video is going viral on social media which shows a person claiming that drinking milk tea is ‘poisonous’ for our health. He adds that when flavonoids present in tea and casein present in milk gets mixed, they ‘form a chemical’ which is very harmful to the body….
Foremost Farms Selects Ginkgo for Upcycling Dairy Co-products
Foremost aims to commercialize a technology that can convert dairy manufacturing co-products into environmentally friendly, value-added materials The partners aim to reduce the dairy industry’s carbon footprint while simultaneously lowering manufacturing costs and creating a significant new revenue stream for the hundreds of Midwest dairy farmer members comprising the Foremost Farms cooperative Foremost Farms will…
Is it the time To Renegotiate the WTO’s Mandate on Agriculture ?
The Agreement on Agriculture (AoA), first negotiated and implemented through the formation of the World Trade Organisation (WTO) in 1995, has long been a bone of contention for farmers as well as governments. Farmers from developing countries like India have argued for a renegotiation of the mandate since they were put at a disadvantage with the integration…
WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event
The GDT Price Index took a step down at the latest Global Dairy Trade Event. After four consecutive sessions of growth since September the index has softened by 0.7%. The average price reported at the latest event (7 November 2023) was $3,255. This had been recovering for the previous four consecutive periods, reversing the previous…
Drinking milk is an acquired habit since around 10,000 years back
Though Shashi Kumar, the co-founder and CEO of Akshayakalpa Organic, a farmer entrepreneurship initiative, was born into a farming family, it was never a career path his father wanted him to pursue. “I am not the exception. He educated me out of farming to become an engineer,” recalls Shashi, who went on to spend close…
Amit Shah launches ‘Bharat Organics’ brand of NCOL
Cooperation Minister Amit Shah on Wednesday launched the ‘Bharat Organics’ brand of the newly created National Cooperative Organics Ltd (NCOL) and asserted that it will emerge as the most “trusted” brand in India and abroad. Shah also launched the NCOL’s logo, website and brochure. He gave away NCOL membership certificates to five cooperative societies. Addressing…