SHIMUL increases milk procurement price by ₹2 a kg
The Shivamogga, Davangere, and Chitradurga District Cooperative Milk Producers Society Union (SHIMUL) has increased the milk procurement price by ₹2 a kg with effect from February 1. The revised price will be in effect up to March 31, 2025. The union took this decision in a meeting held on Friday, headed by the union chairman…
Manipur transfers dairy operations to NDDB
In a major step to boost the dairy industry in Manipur, the state government has signed a tripartite Memorandum of Understanding (MoU) to transfer the operations of the Manipur Milk Producers’ Cooperative Union Ltd. to the National Dairy Development Board (NDDB). The MoU was signed on January 31 at the CM’s Secretariat in Imphal. Chief…
Kolar district’s dairy Industry faces crisis in Karnataka
The dairy industry in Kolar has made headlines, but now it faces a significant crisis as the KMF (Karnataka Milk Federation) struggles to sell large quantities of milk powder and butter. Currently, around 2,100 tons of milk powder and 800 tons of butter remain unsold, resulting in potential losses amounting to ₹80 crores. Farmers are…
Parag Milk Food Net Sales up by 10.47% in Q3 FY 25
Reported Consolidated quarterly numbers for Parag Milk Foods are: Net Sales at Rs 884.72 crore in December 2024 up 10.47% from Rs. 800.84 crore in December 2023. Quarterly Net Profit at Rs. 36.07 crore in December 2024 up 5.58% from Rs. 34.17 crore in December 2023. EBITDA stands at Rs. 79.50 crore in December 2024…
Dodla recorded it’s highest-ever 9 months performance in FY 25
Excerpts from the Press release by Dodla Dairy.. “I am delighted to share with you that the company reported its highest-ever nine month performance during the period with revenues of Rs. 28,104 Mn (20% YoY growth), EBITDA of Rs. 2,973 Mn (11% margin), and PAT of Rs. 1,920 Mn (7% margin). During the quarter, we…
Editorial: Elusive India FTA
Without doubt, a priority of the Government this year will be to gain traction on the elusive free trade deal with India. After all, Prime Minister Christopher Luxon has promised an FTA with India in this term. It seems the push for an FTA is not only coming from Wellington. New Delhi, for its part,…
New research will tackle the global threat of AMR
A Loughborough University-backed research project investigating the development of new treatments for drug-resistant bacterial infections is set to launch. Experts from Loughborough, alongside colleagues from the University of Nottingham, aim to combat antimicrobial resistance (AMR) by investigating how resistant bacteria spreads between humans, livestock, and wildlife and will explore innovative treatments to combat this by…
India’s consumer market to be world’s second by 2030
India’s consumer market is on track to expand 46 per cent by 2030, making it the second-largest globally, according to the Edelweiss Mutual Fund report Rising incomes, a young workforce, and rapid urbanization are expected to drive consumption growth across the country. According to projections, consumer spending in India will rise to USD 4.3 trillion…
Growth of India’s Organized Sweets Market
The Indian sweets industry is uniquely located in the country’s cultural and economic landscape. With its deep connection to festivals, celebrations, and daily consumption, sweets are both a tradition and a treat for Indians. However, the industry is at a critical juncture, where consumer preferences, technological advancements, and the shift toward hygiene and convenience are…
Bridge the milk divide for a nutritionally secure India
For a long time, India has told the incredible supply side story of its milk revolution. The White Revolution that was initiated by Verghese Kurien propelled India to become the world’s largest milk producer. It is now time to bring focus to demand and ensure that milk reaches the most vulnerable. Milk, a vital source…