Dairy startup co Sid’s Farm raises $10 million in Series A Round
Direct-to-customer dairy brand Sid’s Farm, which is currently operating in Hyderabad and Bengaluru, has raised $10 million in Series A funding, the firm announced on Tuesday. Series A Round comes after the Seed Round. If a company goes for Series A funding, it means that it has established itself and is trying to scale the…
Nandini milk price increase by Rs 2 per liter with additional 50 ml milk
Starting Wednesday, the Karnataka Milk Federation (KMF) will sell an additional 50 ml of milk in half and one-litre packets of Nandini and charge ₹2 extra for the same. While the Opposition condemned the price increase, which follows the petrol and diesel price hike, KMF said it was being done to help farmers as milk…
Cheese and China Are Driving US Dairy Economy
After a strong first quarter, the U.S. dairy economy looks promising for the remainder of 2024, but several factors could sway expectations quickly. Record exports and increased domestic demand are positive, said Kathleen Noble Wolfley of Ever.Ag’s financial analysis team. But large export markets, including China and Mexico, are becoming less predictable, and farmers have…
BJP seeks hike in incentive to dairy farmers, to stage protest in Udupi on June 26
The BJP Yuva Morcha will stage a protest in Udupi on Wednesday seeking a hike of ₹10 per litre in incentive to dairy farmers, according to Udupi unit president Kamalaksha Hebbar. Addressing presspersons in Udupi on Monday, he said that the protest will be in front of the office of Deputy Commissioner at 10.30 a.m….
Fonterra boss explains sale
Fonterra suppliers have received an insight into the company’s future direction from Oceania managing director René Dedoncker. Mr Dedoncker spoke at Fonterra’s Industry Breakfast in Moama on June 12, which also heard from Farm Source director Matt Watt. Mr Dedoncker said the decision to sell the Australian asset as part of the Oceania deal was a…
Making of Manthan: Gujarat Land of Milk and Money
Cut to rural Anand in Gujarat right after Independence. A time of five-year plans being rolled out and nation-building. Manthan, Shyam Benegal’s cinematic telling of the success story of the state’s dairy farmers, which eventually led to the White Revolution, is like a silver slice of history. Manthan or The Churning from 1976 is once again in…
Should investors milk the profit in Heritage Foods now?
Heritage Foods (CMP: Rs. 626, Market Capitalisation: Rs. 5,814 crores, Under-weight), a leading dairy company with a diversified product portfolio that includes milk and milk-based products, posted a healthy revenue growth of 16 percent year on year (YoY) in the fourth quarter. This was primarily aided by a 20 percent increase in the volume of value-added…
Fate of dairy farms in limbo as Delhi High court weighs health concerns
The future of hundreds of dairy farms in Ghazipur and Bhalswa, where two of the city’s three landfill sites are located, hangs in the balance with the Delhi High Court scrutinising their compliance with legal and environmental standards. Late last month, the court had remarked that there was a need to shift Ghazipur and Bhalswa…
GST Council Recommends a Uniform Rate of 12% on all Milk Cans Meaning Steel, Iron, Aluminium
The 53rd GST council has recommended uniform rate of 12% on all meaning steel, iron, aluminum which are irrespective of the use. The Finance Minister Nirmala Sitharaman presided over the 53rd meeting of the GST Council today (22nd June 2024) at New Delhi with Revenue Secretary and CBIC Chairman. M Sitharaman said, “Council recommended to…
Packaged milk per litre: Consumers to pay Rs50 more from July 1
Pakistani packaged milk consumers will pay an additional Rs50 per litre starting July 1, 2024 due to the implementation of an 18 percent General Sales Tax (GST) in budget. The proposed 18 percent sales tax on packaged milk in the new budget could prove to be disastrous and, if not withdrawn, may shrink the size…