India says dairy sector will stay out if EU wants FTA
Union Minister Piyush Goyal said on Friday that India would not be able to strike a free trade agreement deal with the European Union if the bloc kept insisting on seeking access to India’s dairy industry. A report by Reuters quoted Goyal as saying, “A trade deal could be concluded swiftly if sensitivities were respected on both…
Cow has four calves in ‘one-in-11 million’ birth
A dairy cow giving birth to extremely rare quadruplet calves has been described as “unheard of” by farm staff. The bull and three heifers arrived fit and healthy at Calcourt Farms in Wernllwyd, Powys. The chance of a quadruplet pregnancy in cattle is said to be one in 700,000, with the chance of them all being born…
Second Quarter performance of Dodla and Heritage
Dodla Dairy Net Sales at Rs 997.62 crore in September 2024 up 29.94% from Rs. 767.75 crore in September 2023. Quarterly Net Profit at Rs. 63.38 crore in September 2024 up 45.35% from Rs. 43.60 crore in September 2023. EBITDA stands at Rs. 105.82 crore in September 2024 up 37.55% from Rs. 76.93 crore in…
India is a significant market for SIG aseptic packaging
India is the largest milk producer in the world; it accounts for nearly 22-25% of the world’s production, according to the Food and Agriculture Organisation (FAO). According to a report by Fortune Business Insights, the country’s dairy market size was valued at $115.57 billion in 2022. This number is expected to reach $227.53 billion by…
Excessive October Rain triggers distress in dairy sector
Excessive rain this month may have caused significant damage to standing crops across Karnataka, but it has presented the dairy sector with distress of a different type — overproduction of milk. It has left both producers and milk unions in a difficult situation. The glut began with the early onset of the monsoon in June, resulting in a sharp…
6.5 crore dairy farm households to be brought under cooperative sector
Union minister Amit Shah said on Tuesday that 6.5 crore rural families involved in milk production are outside the ambit of the cooperative sector and face exploitation as they are not getting a fair price. Shah said that only 1.5 crore out of 8 crore rural families involved in dairy farming are part of the cooperative sector and asked the National Dairy Development Board (nddb.coop)…
Softy ice cream mix not dairy produce attracts 18% GST
Softy ice cream mix in vanilla flavour is not a dairy product and will attract 18 per cent GST, Rajasthan bench of Authority of Advance Ruling has said. VRB Consumer Products Pvt Ltd had approached the AAR on the taxability of vanilla mix in powder form which will have 61.2 per cent sugar, 34 per…
Stellapps secures USD 26 million in Series C
Stellapps Technologies, India’s pioneering dairytech company, has announced its Series C funding round of $26 million in equity & debt to accelerate its mooMark business. mooMark is focused on contract manufacturing and private labeled dairy business of high-quality value-added dairy products, that are both sustainable and traceable. While Stellapps started as a Dairy IoT solutions,…
America’s dairy farms are disappearing
Milton Orr looked across the rolling hills in northeast Tennessee. “I remember when we had over 1,000 dairy farms in this county. Now we have less than 40,” Orr, an agriculture adviser for Greene County, Tennessee, told me with a tinge of sadness. That was six years ago. Today, only 14 dairy farms remain in…
Dairy dilemma: Surplus milk, scarce profits
Nine years have passed since Rakesh T N (28) chose dairy farming over factory work. The ITI-trained technician from Thovinakere, Tumakuru district, became conversant with dairy farming in 2015 when he worked as a caretaker at a cow shelter set up by the government as a drought relief measure. Rakesh believed that his income from…