First-ever credit guarantee scheme for livestock sector launched
The government has launched the first-ever “Credit Guarantee Scheme” for the Livestock Sector for rebooting the rural economy by leveraging Micro, Small & Medium Enterprises (MSMEs). For operationalising the scheme, the Department of Animal Husbandry & Dairying (DAHD) has established a Credit Guarantee Fund Trust of Rs 750 crore, which will provide credit guarantee coverage…
Dairy Report: All-Milk Prices Continues its Descent
Lower milk prices continue to be the story for the dairy industry, and USDA is predicting this trend will continue for a while. Forecasters once again cutting this year’s all-milk price projections in the latest supply and demand report, dropping the price 40 cents to $19.55 per cwt. Milk production projections for 2023 were left…
Bengal govt to build Rs 65 cr greenfield modern dairy project
The West Bengal government will build a greenfield modern dairy project worth Rs 65.48 crore at Haringhata in Nadia district, the first since 1970s. Ice Make Refrigeration Limited has received the turnkey contract from West Bengal Livestock Development Corporation Limited (WBLDCL), which is the executing agency for Banglar Dairy Ltd, owned by the state government’s…
Amul model of 75 % remuneration to milk producers superlative
Union Minister of State for Animal Husbandry, fisheries and Dairy, Parshottam Rupala, on Tuesday hailed the Amul model of paying 75 per cent remuneration to milk producers as “superlative”, as it is rooted in the “culture of animal rearing” of India. Stating that “worshipping diversity” is a part of India’s culture, Rupala also urged people…
79% of Dairy Consumers Will Buy Cheese Made By Microbes
European precision-fermentation leader Formo has teamed up with the University of Saskatchewan on a landmark study, shedding light on the promising intersection of precision fermentation, the cheese market, and greenhouse gas reduction initiatives within the dairy industry. The new research, published in International Food and Agribusiness Management Review Journal, suggests that even with a 25 percent price…
New arrangement for scaling up indigenous knowledge system
A technology transfer arrangement can help to scale two environment-friendly technologies—an indigenous herbal formulation with the potential to control Mastitis, an ailment common among dairy animals, and an indigenous herbal supplement with positive influence on growth performance of broiler chicks, for end users. The National Innovation Fund (NIF)-India , an autonomous body of the Department of Science and Technology (DST), Government…
Hatsun Agro’s Q1 profit jumps on higher milk demand
Indian milk processing firm Hatsun Agro Product said on Wednesday its quarterly profit surged 54% as a rise in input costs was offset by higher milk prices on the back of strong demand. Milk prices in India hit its peak during the June quarter on account of lower output and robust demand, while the coinciding summer…
Tiruchi Aavin struggles to woo back milk suppliers
Notwithstanding efforts to bring back farmers who have switched over to private dairies in the recent past, the Tiruchi District Milk Producers’ Union, popularly known as Aavin, is struggling to achieve the normal average milk procurement levels. The procurement generally goes down in April and May due to shortage of green fodder, drinking water for…
IDFA Announces Dairy Forum 2024 — ELEVATE
The International Dairy Foods Association (IDFA) is excited to announce that registration for Dairy Forum 2024 opens today. Now in its fifth decade, IDFA’s Dairy Forum is known around the world as the premier annual event for dairy industry leaders to exchange ideas, foster innovation, and cultivate meaningful connections. More than 1,000 dairy leaders convene…
SWOT analysis of AMUL
Amul, also known as the Gujarat Cooperative Milk Marketing Federation (GCMMF), is an Indian dairy cooperative that has become a household name in India and beyond. Founded in 1946 by Tribhuvandas Patel, Amul has grown to become the largest dairy cooperative in India and one of the most successful brands in the country. It started as…