Dairy giant Yili explores Xampla’s nutrient microcapsule tech
UK-based materials technology company Xampla has partnered with the Yili Innovation Centre Europe to deploy its nutrient microcapsule technology. The plant-based packaging material protects ingredients in beverages, from production to digestion, without changing product taste or texture. The technology guards against degradation risks from UV (ultraviolet), pH (potential of hydrogen) or heat shock in products, to fortify…
Milky Mist likely to hit stock market with IPO, seeks Rs 20,000 crore valuation
Milky Mist is planning to raise funds via initial public offering (IPO), reported MoneyControl citing sources familiar with the matter. The paneer-to-ice cream maker is looking to expand its dairy product portfolio to take on its arch rival Amul, said the report. The report said that a number of marquee Indian investment and merchant bankers…
Southeast Asia Is Buying Less Dairy: The Two Big Reasons Why
The United States has been shipping fewer dairy products to Southeast Asia despite strong economic growth in the region. For the first five months of 2024, U.S. exports to the Philippines, Indonesia, Vietnam, Malaysia, Thailand, and Singapore slipped 5% to 440.7 million pounds compared to the same period in 2023. “So far, 2024 exports to…
Expectations of the Indian Dairy Industry from Modi 3.0 in FY 25
As the Indian dairy industry looks to FY 25 under the leadership of Prime Minister Narendra Modi’s third term, it anticipates a series of strategic interventions and supportive policies from the government. Given the industry’s critical role in the national economy and its impact on rural livelihoods, several key areas need urgent attention to ensure…
Vinamilk Shares Its Innovation and Sustainability Strategy at Global Dairy Congress 2024
Vinamilk, Vietnam’s leading dairy company, received close attention from key players in the global dairy sector during its presentation at the 2024 Global Dairy Congress. Attending the conference for the fourth time, Vinamilk highlighted its comprehensive innovation strategies and the aspirational path it has embarked on to achieve its Dairy Net Zero 2050 goal. Vinamilk’s presentation showcased its commitment to…
Hatsun Agro Dairy firm’s stock gains over 5% after net profit surges 63% in Q1
Hatsun Agro shares are trading over 5% higher on Tuesday, July 16, after the company reported a 62.9% increase in net profit at ₹130.5 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, Hatsun Agro Products posted a net profit of ₹80.1 crore, the company said in a regulatory filing….
High court orders relocation of Bhalaswa & Ghazipur dairy colonies
The Delhi high court on July 12 ordered two dairy allotments in the city to be relocated and questioned the MCD and DUSIB on their lack of management Delhi High Court on July 12 criticised the Municipal Corporation of Delhi (MCD) and Delhi Urban Shelter Improvement Board (DUSIB) over the maintenance of dairy farm colonies…
Revolutionary technology used for dairy industry training program
Charles Sturt University has used cutting-edge technology to create a training program to build skills within the dairy export industry. Charles Sturt develops training program to build exporter skills within the dairy industry The University devised the program in partnership with the Department of Agriculture, Fisheries and Forestry and Dairy Australia The training course is…
Yili Receives FDA Approval for Dairy Products in USA
Yili Group recently opened its first U.S. flagship store in Los Angeles, CA. Located in the 99 Ranch Market in The Shops at Santa Anita, the store launch marks a significant milestone for Yili as it expands its presence in the U.S. market. The 99 Ranch Market is one of the largest Asian supermarket chains…
Milk prices to go up by Rs 2 per litre in Pune
Dairies in Maharashtra have decided to increase the price of pouched milk by Rs 2 per litre from Sunday (July 14). On Saturday, private and cooperative dairies in Maharashtra decided to increase their selling price to match the state government’s base procurement price. A litre of liquid milk will now cost between Rs 56-58 a litre. Gopalrao…