Milk prices unlikely to go up until Diwali as production increases
Dairy sector experts have ruled out further milk price hikes – at least till Diwali – because of a sudden increase in production due to an unusually cool summer this year. Meenesh Shah, chairman of the National Dairy Development Board, told Moneycontrol that retail prices of milk have actually fallen by up to Rs 2…
Very Low correlation between milk production and monsoons
Is your breakfast going to get costlier soon? Well, the answer may lie in the start and spread of monsoon in India, which so far has been late and scanty. The price of milk, a key food item and essential ingredient in India’s favourite beverages tea and coffee, is typically determined by supply, which is…
Michigan Dairy Farmers slated to Transforming Milk Into Fuel
Asking a gas station clerk if they’ve got milk is about to take on an entirely different meaning in the Great Lake State. That’s because the Michigan Milk Producers Association (MMPA) is teaming up with a Canadian Distillery to transform the lactose-laden byproducts of the local dairy industry into ethanol fuel for vehicles. The MMPA announced its…
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…