Ice creams fly off shelves as cruel summer beats down
Ice cream makers are betting big on omni-channel sales with offerings spanning mass, mass premium, and premium categories even as they are hopeful of clocking 15-20% growth in sales this summer. The sweltering heat amid rising mercury levels has led to increased demand in several regions across the country, particularly southern India. With temperatures expected…
Nestle India posts 25% jump in Q1 profit
India was a bright spot for global consumer goods major Nestle in the March quarter, reporting a 24.7% year-on-year growth in consolidated net profit to Rs 737 crore, while consolidated revenue rose 21% for the period versus last year to Rs 4,831 crore. The results beat Street estimates by a wide margin, with a poll of analysts…
Village in Madhya Pradesh gives out dairy products free
Two good quality cows can give up to 40 litres of milk daily. One litre of full cream milk costs around Rs 60 in Bhopal, which translates into a daily maximum income of Rs 2,400/daily. Despite rising inflation, the residents of Chudiya in Betul district of Madhya Pradesh have been letting go of this potential…
If Amul make Mysore pak then we will make Shrikhand
Bommai said Amul reached its peak in Karnataka when Siddaramaiah was the chief minister but then he could not see the danger. “Nobody speaks on this aspect with confidence like I am saying. The reason is when Siddaramaiah was the chief minister here, the milk production and the production of milk products were 64 lakh…
Feed experiment aims to reduce impact of dairy cow burps
A pivotal experiment to address the impact of livestock on climate change is taking place in our backyard, as a farm in the North Bay gets closer to becoming carbon neutral. Scientists and farmers are working together to reduce the harmful gasses cows produce. When cows munch for lunch, the amount of methane emitted – primarily…
Redefining Dairy and Alternatives Through Innovation
The dairy products and alternatives industry, excluding baby food, was valued at USD568 billion in 2022, growth of 8% in current terms despite a 0.6% decrease in volume. This dynamic was primarily caused by price hikes, the main factor driving the industry’s value growth. Innovation is crucial to reverse the volume decline and to build…
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins…
Government wants you to ditch oil for ghee
The Union Government is looking to promote use of ghee as a cooking medium, to replace the use of palm oil and other edible oils, and the reason is not just health. Government sources have told CNBC TV18 that use of more ghee as a cooking medium will not just save foreign exchange by saving on edible…
French dairy group Lactalis says profit falls as costs rise
Lactalis, the world’s largest dairy producer, said on Thursday its sales had risen by 28.4% in 2022 to 28.3 billion euros ($30.95 billion), but higher costs had pushed its annual net profit down by 14% to 384 million euros. A spike in food prices, partly linked to Russia’s invasion of Ukraine last year, has created tensions…
Soaring price of milk tells us about Britain’s greedflation problem
How much is a pint of milk? It’s a question that has long been used by journalists to test whether politicians have any sense of the budgetary constraints of the people they govern. If you know the price of milk then you have had to think, at some point, about whether you can afford it….