Nestle aims at expansion of out-of-home consumption
Nestle reported ITS Q2results for 2023, which were in line with expectations. The company achieved double-digit growth across all its products, primarily driven by a favourable product mix, increased volume, and improved pricing. Additionally, during the quarter, the out-of-home (OOH) business experienced rapid acceleration. The gross profit margin (GP margin) expanded by 90 bps (0.9%)…
Steps being taken to increase milk production Mano Thangaraj
Minister for Milk and Dairy Development T. Mano Thangaraj on Saturday said various steps are being taken to increase the number of livestock of farmers and provide them with a balanced income. During the inauguration of milk cooling units in Karur, Mr. Thangaraj said to increase procurement, targets for each district were being given to…
Cattle feed prices may halt after Govt prohibits DORB exports
Export of de-oiled rice bran under ITC HS code 2306 and under any other HS code is prohibited until November 30, 2013, the DGFT said in a notification. The government has prohibited the export of de-oiled rice bran until November, a Directorate General of Foreign Trade (DGTD) notification said on Friday. “Export of de-oiled rice…
What shapes the future of animal feed?
The first in-person edition of the All about Feed forum brought together renowned speakers who delved into the latest developments in sustainable initiatives and innovations towards a more sustainable and efficient feed market. This report supports the main discussion points of the forum with recent scientific findings related to dairy production. Circularity, the backbone of…
Dairy farmers oppose govt’s new rate card on milk price
Dairy farmers in Maharashtra are protesting against the new rate card issued after discussions between the state government and dairies about milk procurement price. The new rate card, farmers said, would lower their earnings as deductions as per the card is both steep and unreasonable. Milk procurement prices in Maharashtra had gone into a free…
What Can the Dairy Industry Do to Fight Hunger?
I have seen many advertisements and public service announcements lately about food insecurity. It’s difficult to grasp the scope of this national issue in terms of what I can do, or what the dairy industry can do. Let’s first focus on Pennsylvania and the needs within our borders. The problem seems too big otherwise. According…
Why Maharashtra’s milk cooperatives are in crisis
The Maharashtra government has admitted that Mahanand Dairy, once a profitable state government undertaking, is facing an existential crisis, while the cooperative milk sector is in a tight spot as a fall-out of aggressive marketing undertaken by private players. “The private sector’s share in the State’s milk business has risen sharply, with the use of…
We want to help farmers by increasing milk price : DK Shivakumar
The Karnataka government has announced a hike in the price of Nandini’s milk by ₹3 to support farmers. Deputy Chief Minister DK Shivakumar on Thursday said that “we want to help farmers,” after the Karnataka government announced a hike in the price of the state’s milk brand, Nandini, by three rupees. “We have to give…
Milk prices shall remain stable for a couple more quarters
Dodla Dairy’s MD, Sunil Reddy Dodla, foresees stable milk prices and positive growth for value-added products. In an interview with CNBC-TV18, Sunil Reddy Dodla, the Managing Director of Dodla Dairy, shared valuable insights into the current state of the dairy industry and the company’s strategic outlook for the future. He reassured consumers and stakeholders that…
Amul takeover of Chittoor Dairy, a welcome step
It was recently reported that Amul is going to take over Chittoor Dairy per the MoU entered with the State government. Chittoor Dairy was once a successful Vijaya Dairy unit in the State and went out of scene by 2002. By then several private dairies had started their operations in the district. This includes one…