Almarai reported an increase of more than 4 % in Q4 net profit
Net profit attributable to shareholders after zakat and tax for the three months ending December 31, rose to 370.72 million Saudi riyals ($98.85 million), the company said in a bourse filing on Sunday to the Saudi stock exchange Tadawul, where its shares are traded. Net profit increased mainly on a 5 per cent rise in operating…
Plant-based beverages tumbled further in 2023 than real milk
Dairy leaders are celebrating the 2023 industry data that they say tracking firm Circana Inc. has just released. The numbers, as reviewed by the National Milk Producers Federation, show that plant-based beverage consumption last year fell 6.6 percent to 337.7 million gallons, marking the second straight year of declines and the lowest consumption in that…
Akshayakalpa sets up a new dairy ecosystem in TN with an investment of ₹15 crore
Akshayakalpa Farms & Foods Pvt Ltd (known as Akshayakalpa Organic), an organic dairy firm and a manufacturer of milk products, has established a new milk sourcing ecosystem near Chengalpattu in Tamil Nadu with an investment of ₹15 crore, a move that is expected to help the company expand its supply to the fast-growing organic food…
I like the dreams of the future better than the history of the past
I find inspiration in Thomas Jefferson’s quote, ‘I like the dreams of the future better than the history of the past.’ It encourages me to embrace a forward-looking mindset and actively contribute to positive change. Now, let’s delve into the potential double whammy in the weather forecast and its implications for India’s climatic conditions.” In…
Aavin pays out of pocket as TN govt yet to approve milk price hike
Citing fund crunch and escalating debts, the state government has asked Aavin to independently handle the additional expenses owing to a hike in milk procurement prices by Rs 3 per litre since December 18. Aavin, which has been grappling with fund shortage, requires Rs 27-Rs 28 crore a month (Rs 325 crore a year) to…
Farmers urge dairy officials to clear dues in Telangana
Representatives of the Telangana Rythu Sangham briefed Telangana State Dairy Development Cooperative Federation officials about the challenges faced by dairy farmers. They sought clearance of pending bills and the incentive of Rs 5 per litre promised during the election campaign. In a note to officials, the sangham expressed concern about the overdue bills from Vijaya…
Imagindairy scales animal-free dairy manufacturing capabilities
HAIFA, ISRAEL — Israel-based animal-free dairy protein food tech startup Imagindairy has acquired and is operating its own industrial-scale precision fermentation production lines that are focused on the production of dairy ingredients. With the facility, the company will now be able to produce more than 100,000 liters of fermentation capacity. It is currently producing industrial-scale…
Fonterra pioneers dairy protein innovation for holistic health
The market for dairy proteins is diversifying and moving into the popular health and wellness categories, such as gut health and functional foods. Moreover, consumers and companies increasingly seek out offerings that address specific health needs and that are obtained through sustainable practices. At the same time, advancements in dairy protein technology, which previously focused…
Dairy farmers panic as mysterious disease kills 62cattle at Bhatinda
Bathinda deputy director of animal husbandry Dr Rajdeep Singh said 40 cattle died at Raike Kalan while 22 dairy animals reportedly perished at Sooch village. Sixty-two cattle have died due to a mysterious disease in two villages of Bathinda district in less than a month, creating panic among the dairy farmers. “Nearly 70 cattle are…
Madhya Pradesh govt in talks with Amul for selling the surplus milk
The Madhya Pradesh government is trying to reach an agreement with Amul on selling the surplus milk that gets wasted due to lack of demand. Chief Minister Mohan Yadav recently addressed a joint meeting of Sanchi (MP’s cooperative dairy federation) and Amul officials in Ahmedabad. Managing director of Sanchi Satish Kumar S told that an…