China’s continued absence from dairy market weighs on milk prices
China’s continued absence from the dairy market is continuing to undermine a recovery in milk prices. Despite this, both IFA and ICMSA have warned milk processors that farmers cannot afford any further cuts to milk price and believe the market has recovered. It comes as Ornua said its returns declined again in May based of…
Assam Procures 1.16 Lakh Sexed Sorted Semen To Boost Dairy
Assam Chief Minister Himanta Biswa Sarma said on Tuesday that the government has procured 1.16 lakh sexed sorted semen in a bid to increase female calf population to boost the dairy industry. The state government has set an ambitious target to increase milk production manifold pursuing the models of states like Gujarat, said CM Sarma….
Milk price cuts could halve dairy farm incomes in 2023
A sharp reduction in milk prices and very high production costs could see dairy farm incomes halved in 2023, compared to the very high levels last year. The family farm income (FFI) for Irish dairy farmers increased by 53% to an average of €150,884 last year, which was driven by a significant rise in milk…
Time to privatize Dairy Development Corporation(DDC) in nepal
In an agricultural country like Nepal, where 66% of the population are farmers, and livestock covers 32% of agricultural GDP, one would expect the dairy industry to flourish as a testament to their toil. Yet, reality paints a different picture, revealing a disheartening tale of missed opportunities and untapped potential. The Milk Industry in Nepal…
Global milk production still ‘growing’ – Rabobank : Agriland
There is likely to be lower milk production in the EU and the US during 2023 which could “stabilise” global market prices, according to a new report from Rabobank. Overall global milk production is still rising but, according to the bank, it is “losing momentum”. In its latest Global Dairy Quarterly report, Rabobank also warned that there are signs…
Centre identifies 1.24 lakh panchayats to set up PACS
The Centre has identified over 1.24 lakh gram panchayats, where there is either no PACS or dairy cooperative or both, where it will accord top priority to facilitate setting up Multi-purpose Primary Agricultural Credit Societies (M-PACS) in the next two years. Out of 2,69,364 gram panchayats in the country, there were 96,405 panchayats where there…
Synthite to introduce plant-based dairy alternative
Synthite the largest manufacturer and exporter of value-added spices, oils, and oleoresins — has entered into the manufacture, sales, and distribution of branded plant-derived nutrients and plant proteins. The company has set up Pfoods Pvt. Ltd, a food-tech joint venture with the Indian Institute of Science (IISc), and PMEDS, a US-based nutraceutical company. The company…
India’s Chocolate Market -Sugar Rush
Retail recently acquired a S1% controlling stake in Lotus Chocolate for Rs 74 crore. Just last week, DS Group, which had forayed into the space earlier this year through a partnership with luxury Swiss chocolate brand Läderach, acquired Good Stuff, the owner of chocolate and confectionery brand LuvIt, at an undisclosed sum.Mars Wrigley also entered…
Dairy companies to further increase their prices in first half of Fy 23
Milk prices could remain high in the current financial year on account of the high global prices of skimmed milk powder and cattle feed. This could prompt dairy companies to hike prices further in the first half of the financial year, analysts at ICICI Securities said in a note on Friday. “All the dairy companies…
Amul’s expansion plan is signal for other coop to shape up
Amul, the local and biggest FMCG brand in India, is in an aggressive expansion mode. Its hunger for growth well beyond the home state of Gujarat is both natural and disturbing. For some state cooperatives in the south, and now increasingly in Madhya Pradesh, Amul’s aggressive expansion into their territories has become a source of…