Dairy prices fall as volumes rise at auction- GDT events
International milk prices fell while volumes were up at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 4.3%, with an average selling price of $3,100 per metric ton. The index fell 1% at the previous auction on July 18, with an average selling price of $3,289, according…
The Basics of Carbon Credits
As the dairy industry has been making large strides to become carbon neutral by 2050, dairy farms are adopting new practices to lower carbon emissions on farms. Many discussions about becoming carbon neutral have been lately geared toward carbon credits and markets. Some calling it a potential gold rush for agriculture. However, the carbon market…
Plant-Based Milks Lack Naturally Occurring Nutrients
More people are drinking milk alternatives made from plant sources such as oats, soy, or almonds, but do plant-based products deliver the same nutrition as cow’s milk? Results from a new study suggest that most don’t. Cow’s milk is an important source of calcium and vitamin D, both of which are identified in the 2020-2025…
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…