Release ₹669.5 crore milk subsidy immediately in Karnataka
Claiming that the government’s unpaid dues towards support price for milk had reached ₹669.59 crore during the BJP regime in the State, Congress MLC Dinesh Gooligowda has urged Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar to take steps for immediate release of the outstanding amount. Mr. Gowda, who dispatched letters to Mr. Siddaramaiah…
Challenges of Dairy industry in Bangladesh
World Milk Day was observed across the world, including in Bangladesh on June 1. It is an international day established by United Nation’s Food and Agriculture Organization (FAO) to recognize the importance of milk as a nutrient-rich food and to celebrate the dairy sector. Being observed on June 1 each year since 2001, the day…
Amul Versus Aavin: It’s a fear of the unknown- Chandramogan
“Maybe it’s a fear of the unknown,” says RG Chandramogan, Chairman of India’s largest private dairy company, Hatsun Agro Product Ltd, on the recent pushback again alleged attempts by Gujarat-based cooperative Amul to procure milk in Karnataka and Tamil Nadu. Local brands Aavin and Nandini are strong in Tamil Nadu and Karnataka, respectively. While it…
Carbon insetting vs carbon offsetting: what you should know
The UK government strategy for reaching net zero by 2050 is ever more at the forefront of discussion within the agricultural industry, particularly with the NFU setting its own targets for achieving net zero by 2040 in England and Wales. Net zero means not adding to the amount of greenhouse gas (GHGs) emitted into the atmosphere. It involves reducing…
M&S removes use-by dates from milk to reduce waste
Marks & Spencer has become the latest big retail name to remove use-by dates from its fresh milk in an attempt to prevent millions of pints that are still safe to consume being poured away. With milk ranking as the third most wasted food in UK homes after potatoes and bread, M&S will encourage customers…
Global dairy price index tumbles down again by 0.9%
Global Dairy Trade Event 333 concluded with the GDT Price Index down 0.9% on June 6th 2023. It has been second consecutive fall by almost the same magnitude of 0.9%. Apart from Cheese which is showing a strong growth no other commodities could impress with prices. Key Results AMF index up 1.8%, average price US$4,728/MT Butter index up…
Global dairy market fundamentals are likely to remain under stress
In its New Zealand Dairy Seasonal Outlook 2023/24 report, titled The Pressure Is On, report author and senior agricultural analyst Emma Higgins says this forecast is due to farmgate prices catching up to global commodity market trends. She adds that prices are moving lower in 2023 in part due to global milk supply returning to growth in…
Amul has never intended to work against other cooperatives’
The country’s largest dairy brand, the ₹72,000 crore Amul has been in the eye of a storm due to its alleged high-handedness. It began with its entry into Karnataka in April and now States such as Kerala are also complaining. Though the law doesn’t prevent Amul from selling in other States (it has been procuring…
Kupwara district produces 15.39 crore liters of milk a year
With the substantial increase in cattle population and employing modern interventions, the milk production in Kupwara district has reached all time high of 1539,50,000 liters per year generating an income of Rs. 537 crore annually from milk alone making the district Kupwara milk Surplus, besides playing a crucial role in growth of rural agri-economy. Milk…
DS Group acquires Bengaluru-based chocolate brand LuvIt
In a strategic move to expand its packaged foods portfolio, DS Group has acquired Good Stuff Pvt Ltd that owns chocolate and confectionery brand LuvIt. The move will strengthen the company’s presence in the chocolates and confectionery space. It also comes close on the heels of the company’s partnership with Swiss chocolate brand Laderach for…