Dairy Milk, Oreo maker Mondelez slapped with $366mn antitrust fine
Mondelez, the maker of Oreo, Cadbury Dairy Milk chocolate and Toblerone, has been slapped with a fine of €337.5 million ($366 million) by the European Union on Thursday (May 23), its ninth-largest antitrust fine. This development comes at a time when food costs are a major concern for European households. The fine has been imposed…
Godrej Capital forays into Dairy Farm Loans in South India with Creamline Dairy
Godrej Capital, the financial services arm of Godrej Industries Group, announced its entry into the agriculture segment with the launch of dairy farm loans. Through a strategic partnership with Creamline Dairy Products Limited and Dvara E-Dairy, Godrej Capital will provide financial assistance to small dairy farm owners across Karnataka and other regions. Creamline Dairy Products…
Second human case of bird flu linked to dairy cows found in Michigan
A second person in the U.S. has been infected with bird flu linked to dairy cows, the Michigan Department of Health and Human Services reported Wednesday. The person, a farmworker who had regular exposure to infected livestock, had mild symptoms and has recovered, the health department said. “The current health risk to the general public remains low,” Dr. Natasha…
Plant-based food cos urge FSSAI to ease ‘milk’ label rules
New Delhi: Plant Based Foods Industry Association (PBFIA) on Tuesday urged the Food Safety and Standards Authority of India (FSSAI) to ease restrictions on the use of the term “milk” on packaging. Speaking at a summit here, PBFIA Executive Director Sanjay Sethi requested the FSSAI to allow uniform nomenclature, despite the current “this is not dairy” disclaimer on cartons, a statement said. Sethi called for…
Dodla Dairy Poised for Robust Growth in FY25 with Expansion and Stability
FY25 is expected to see an accelerated double-digit growth for DDL, thanks to a pick-up in domestic milk volumes, commencement of a new plant in Kenya, and a massive increase in cattle feed capacity Outlook for DDL in FY25 Robust Growth Expected FY25 is poised for accelerated double-digit growth for DDL, driven by increased domestic…
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…