Madison wins media mandate for Parag Milk Foods
Madison has won the media mandate for Parag Milk Foods. The dairy-based product maker had issued a Request for Proposal (RFP) in April this year for its media planning and buying account. Madison will manage the media duties for all the sub-brands. According to sources, the account size is approximately INR 100 to 120 crore….
Global Dairy price index showing stagnancy
The Global Dairy Trade (GDT) Event 366, held on October 15, 2024, saw mixed outcomes across dairy products. While the index hardly plummeted by 0.3% with Global dairy price index at UsD 3852/MT.. Whole Milk Powder (WMP) prices remained relatively stable with only slight fluctuations, reflecting consistent demand. However, other categories, such as Lactose and …
Dairy waste could be future of sustainable aviation fuel
When you think of biofuels, your first thought probably isn’t about dairy farms. Well, think again, according to scientists at the U.S. Department of Energy’s (DOE) Argonne National Laboratory. They’ve developed a new technology using methane digestion that creates cost-competitive sustainable aviation fuel (SAF) that could reduce emissions in the aviation industry by up…
Gilles Froment Elected as New IDF President
The International Dairy Federation (IDF) is pleased to announce the election of Gilles Froment as its new President during the 118th General Assembly held today in Paris. Mr. Froment, who has been serving as both an IDF Board Member and Treasurer, succeeds Piercristiano Brazzale and brings over two decades of dedicated service to the Federation….
Dairy entry.Looking for unicorns among livestock
Investors are rushing to milk the projected ₹49.95-lakh-crore opportunity in the Indian dairy sector, on the back of a compounded annual growth rate of 13 per cent during 2023-32. After attracting $154 million funding in 2022, the dairy sector briefly saw a dip in interest before it revived again this year, pulling in $109 million…
Five Amul Cooperatives in Billion Dollar Club now
In 2008, the Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets home-grown dairy brand Amul, earned the prestigious tag of India’s first billion-dollar milk cooperative with its turnover reaching Rs 5,255 crore. A decade-and-a half later, Gujarat, the cradle of the White Revolution, is home to five billion-dollar milk cooperatives. GCMMF, India’s largest food product marketing organisation, saw…
Indian dairy industry to see 13-14% revenue growth in FY25
India’s dairy industry is expected to see healthy revenue growth of 13-14 per cent this financial year 2024-25, asserted Crisil Ratings, as strong consumer demand continues along with an improved supply of raw milk. While the rating agency believes the demand will be supported by rising consumption of value-added products, the ample milk supply will…
Deere-DeLaval launches dairy sustainability tool
Deere launches dairy management platform in partnership with DeLaval Tractor giant Deere & Co. unveiled a new digital tool for dairy farmers to manage sustainability efforts across their operations. The Milk Sustainability Center, created in partnership with dairy farm machinery company DeLaval, allows farmers to monitor their nutrient use efficiency. The tool compares the amount…
Kisanserv in strategic partnership with Milky Mist
Kisanserv, a retail company specialising in fresh fruits and vegetables, is expanding its product line through a strategic partnership with Milky Mist, one of India’s dairy brand. This partnership allows Kisanserv to introduce over 200 Stock Keeping Units (SKUs) of premium dairy products, made from 100% cow’s milk, across all its convenience retail stores in Pune and Mumbai. This move into dairy…
Dairy Industry Applauds FSSAI’s Withdrawal of A1/A2 directive
The Indian dairy industry welcomes the Food Safety and Standards Authority of India’s (FSSAI) recent decision to withdraw its directive regarding the labeling of A1 and A2 milk products. The advisory, issued on August 21, 2024, raised concerns over the use of A1 and A2 claims on products like milk, curd, butter, and ghee, which…