Global Dairy Price index increased by 3.3% at GDT event
Dairy prices have recorded their biggest jump in three months. The average price at the overnight auction rose 3.3 percent to US$3861 a tonne, following the 1.8 percent rise a fortnight ago. The price of wholemilk powder, which strongly influenced the payouts for local farmers, rose 2.9 percent to US$3408 a tonne. SMP also reached…
GCC set to tighten cattle rules, test milk quality, curb oxytocin
Facing flak for an unfettered rise in the number of stray cattle and attacks in the city, the Greater Chennai Corporation will roll out a comprehensive cattle census. Mayor R Priya will pass a resolution in this regard at the first GCC council meeting after the model code of conduct is lifted on June 4. GCC commissioner Dr J…
Ice cream companies pin hopes on post-election GST rate cut
Ice cream companies have doubled down on their efforts to reduce GST rate by approaching the President, who has duly forwarded their representation to the Finance Ministry. Subsequently, they have key Finance Ministry officials with a plea for lowering the tax. Ice cream, sold through shops or parlours attracts 18 per cent GST. However, if…
Unlocking the potential of precision animal nutrition for sustainable dairy
Precision animal nutrition represents a significant stride towards sustainable dairying practices. By tailoring diets to the specific needs of livestock based on their genetic makeup, age, health, and productivity levels, this approach, not only optimises animal health, and growth but also minimises waste and environmental impact. Let’s explore the potential of precision animal nutrition to…
Windfall Awaits New Zealand Farmers as Fonterra Eyes Asset Sales
New Zealand dairy farmers could be in for a big pay day if Fonterra Cooperative Group follows through on plans to exit its global consumer businesses. Auckland-based Fonterra, the world’s largest dairy exporter, is considering turning away from branded consumer products to concentrate on making more high-value ingredients derived from New Zealand milk that it…
Manthan at Cannes- Amul model is India’s gift to the world:Jayen Mehta
The screening of the restored 4K version of the 1976 Smita Patil starrer Shyam Benegal classic ‘Manthan’ at Salle Bunuel in 77th edition of the Cannes Film Festival on Friday marked a milestone not only for the film, based on the pioneering milk cooperative movement of Dr Varghese Kurien, but also propped up the Gujarat…
Karnataka Milk Federation urges government to release ₹5 milk subsidy to dairy farmers
The Udupi District Dairy Farmers’ Federation on Thursday, May 16, decided to urge the government to release ₹5 a litre support price for milk procured from farmers that has been pending for the last seven months. In a meeting of the federation members, including milk societies’ representatives and farmers in Udupi, they also wanted the…
Last quarter earnings adding to impressive performance of Dodla dairy in FY24
Dodla Dairy Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 7,874.46 million compared to INR 7,242.82 million a year ago. Revenue was INR 7,952.45 million compared to INR 7,305.87 million a year ago. Net income was INR 468.31…
Indian dairy exports in FY 24 showed better value realisation in global markets
Drawing from data provided by APEDA and Indian Customs, we present an in-depth look at the trends and dynamics shaping the dairy export landscape. Note that Casein and Lactose are excluded from this analysis and will be covered separately. For India to fully leverage its substantial milk production, processors must prioritize export markets, facilitating better…
ICMR: Limit milk Tea and Coffee Consumption, Raises Concern Over Excess Intake
A new guideline issued by The Indian Council of Medical Research (ICMR) recommends that tea and coffee consumers be cautious about excessive consumption. The ICMR, in collaboration with the National Institute of Nutrition (NIN), released 17 new dietary guidelines for Indian citizens to promote healthy eating habits nationwide. The guidelines stress the importance of a diverse diet…