Dr. Meenesh Shah elected as the Chairman of NCDFI
The apex body of dairy cooperatives, National Cooperative Dairy Federation of India Ltd. (NCDFI), in its Board elections held on April 5, 2024, unanimously elected Dr. Meenesh Shah as the Chairman. The election was conducted by Shri Praveen Chaudhary, IAS, District Collector/ Magistrate of Anand who served as the Returning Officer. Prior to this, NCDFI…
FAO Dairy Price index on the up in March 2024
The FAO Dairy Price Index averaged 124.2 points in March, up 3.5 points (2.9 percent) from February, marking the second consecutive monthly increase, but remained 11.1 points (8.2 percent) below its value in the corresponding month last year. In March, world cheese prices increased the most, reflecting the steady import demand from Asia, higher internal sales in…
Rising temperatures affect milk production by 20-30000 LPD
Rising temperatures have led to a decline in milk production in Mysuru and Chamarajanagar districts. Mysuru Milk Union (Mymul) and Chamarajanagar Milk Union (Chamul) have reported a decrease in daily milk procurement as compared to the winter season, which is attributed to scarcity of green fodder due to drought conditions and heatwaves. Dairy farmers note a significant 20-30% decrease in production this summer.Mymul which…
Stocks of AC makers, dairy firms may sizzle amidst heat-wave warning
With the Met Department warning of an intense heatwave across the country for the next three months, brokerages and analysts are betting big on air-conditioner (AC) makers, dairy companies and consumer durables, especially fan manufacturers. Avinash Kumar, Research Analyst, LKP Securities, told businessline, “Demand for ACs seems good as the average temperature is moving up…
ITC Foods’ dairy & beverage biz to focus on volume in FY25: COO
Dairy and beverages maker ITC Foods is gearing up for volume-led growth in FY25 on the back of commodity pricing stabilising, an expanded summer portfolio, and enhanced reach in smaller geographies, COO Sanjay Singal told FE. “In the last few months, prices of milk have come down after going up by at least Rs 10…
Ice cream not a luxurious item, says Chhattisgarh High Court
Chhattisgarh High Court said that ice cream is not a luxurious item and has directed GST Council to reconsider the exclusion of Small-Scale Manufacturers of Ice Cream from the composition scheme. Ice cream attracts GST at the rate of 18 per cent. In its order dated April 1, a single judge bench of Rakesh Mohan…
Dairy Brands-In summers and stable milk prices
New Delhi: Milk and milk product companies are expecting strong sales during the summer season owing to soaring high temperatures coupled with stability in input costs, industry executives told ETRetail. “Last year, the summer was disturbed due to unseasonal rains, especially in South India. This year, the heat has come pretty well. Now, if summer…
Case Study – Dynamic traceability story of mooMark
Case Study: mooMark Private Limited – Transforming the Dairy Supply Chain Introduction: mooMark, headquartered in Bengaluru, Karnataka, was founded in 2020 with a clear vision to revolutionize the dairy supply chain through technology-driven solutions. The company initially focused on B2B milk procurement but expanded its scope in 2023 to include value-added products and private labeling…
Amul Dairy achieves highest ever turnover
Gujarat based Kaira District Co-operative Milk Producers’ Union Ltd. (Amul Dairy) achieved the highest business turnover of Rs 12,880 crore in the 2023-24FY, making a whopping 9 percent increase compared to the previous financial year. Announcing the figures, Amul Dairy Chairman Vipulbhai Patel said, “The remarkable growth reflects the strong performance and market position of…
US dairy industry on edge as more cattle test positive for HPAI
Cattle from dairy herds in Idaho, Kansas, Michigan, New Mexico and Texas have either exhibited symptoms associated with highly pathogenic avian influenza (HPAI) or received presumptive positive test results, according to the US Department of Agriculture’s National Veterinary Services Laboratories (NVSL). The agency also confirmed the strain identified in Michigan is similar to the strain…