Markets wrap: Futures point to rise in Whole milk powder prices
The futures market is betting whole milk powder prices will rise at the Global Dairy Trade auction this week. At the last GDT auction two weeks ago the headline price index jumped 3.2% following four consecutive declines. The average price for whole milk powder, which has the most impact on what farmers are paid, gained…
5% shift from loose to packed milk can create one Amul
To wear the hat of Amul Managing Director is not easy, and who would know it better than Jayen Mehta, the man who succeeded RS Sodhi as the chieftain. Amul, symbolic of India’s white revolution, has witnessed to its own set of controversies. “We take controversies in our stride,” said Mehta. Despite the competition, Amul…
There is so much to learn from Jayen Mehta MD Amul (GCMMF)
Today marks the beginning of my 33rd year with Amul. I joined GCMMF on May 1, 1991 after graduating from IRMA. It was a dream job, with a caveat of a 3 year bond which would pay my education loan. That 3 has become 33 today and I am still in my first job serving…
Firm milk prices key threat to falling inflation
Even as retail inflation is expected to start easing from April to about 5% if not lower thanks to broad-based fall in prices, elevated milk prices could play spoilsport, with analysts expecting milk inflation to remain near double digits at least through the summer. Despite India being the largest milk producer since 1998, the commodity…
Free Nandini milk for BPL families on BJP’s manifesto
The Bharatiya Janata Party (BJP) announced the Uniform Civil Code (UCC) as a part of its Karnataka Elections 2023 manifesto. A high-level committee will be constituted for the purpose of implementing the UCC. Karnataka Chief Minister Basavaraj Bommai released the party manifesto for the Assembly Polls on Monday in a huge event. CM Bommai said…
5 dairy brands that made India one of the top milk producer globally
India was the highest milk producer in the world in the year 2021-2022, contributing to 24% of the world’s milk production, according to the data from Food and Agriculture Organization Corporate Statistical Database (FAOSTAT). During the same period, Rajasthan emerged as the highest milk-producing state in the country, contributing to 15.05% of the total milk…
TN dairy farmers to get 2 lakh jersey cows to keep milk flowing
After being snubbed by a section of dairy farmers who have been selling their milk to private dairies for a higher price since January, Aavin has decided to purchase two lakhs crossbred jersey milch cows from other states as part of its plan to facilitate loans to dairy farmers. According to sources, each cow may…
State sponsored subsidies for dairy farmers is like a cancer
At a time when India collectively opposed the dumping of subsidised dairy products from overseas, there is also a big threat to the dairy trade from within through the State-sponsored subsidies. A few States have subsidies for dairy farmers which experts feel is a cancer that weakens the dairy trade from the core, making it…
Social media is a bane disguised as boon, Or is it the opposite ?
Sugar is not the problem with Bournvita. 200 ml of milk with one serving of Bournvita contains 6.5-7.5 gms of added sugar only .Which is far less than sugar found (14-20 gms) in 200 ml of other drinks including fruit juice drinks sold in local markets. Social media is a part of our lives now….
Four large supermarkets cut price of milk for first time
Tesco, Aldi, SuperValu and Lidl have all announced a reduction in the price of milk. On Friday evening Lidl became the first large supermarket since the start of the cost of living crisis more than 18 months ago to reduce the cost of its milk. The German discounter announced that it was rolling out a…