Spain’s Idilia Foods buys 50% of dairy drinks maker Cacaolat
Spain-based Idilia Foods has struck a deal to acquire 50% of local dairy-drinks business Cacaolat from beer giant Damm. The deal, agreed for an undisclosed sum, will see Idilia and Damm “jointly manage” Cacaolat, which markets drinks under its namesake brand, as well as Letona milk and Laccao chocolate milk. The transaction remains subject to…
Innovation and Inflation: Dual Forces Shaping the Plant-Based Milk Market
Milk alternatives continue to hold the largest share of all plant-based categories—15% across the total market and 41% in the natural channel—as ongoing innovations intrigue a broader group of consumers. Despite this growth, inflation remains a challenge for plant-based milk producers. Some varieties are also being discontinued or facing pushback from dissatisfied consumers. From supermarkets…
FrieslandCampina dairy farmers receive over 245 million euros as sustainability premiums
FrieslandCampina member dairy farmers have taken significant steps in 2023 to make their dairy farms even more sustainable. The dairy farmers, who own dairy company FrieslandCampina through the cooperative, receive premiums of more than 245 million euros in total for their sustainability achievements. Of that amount, around 190 million euros is paid through the…
PM Modi addresses Kisan Samman Sammelan in Varanasi, Uttar Pradesh
The Prime Minister, Shri Narendra Modi addressed the Kisan Samman Sammelan in Varanasi, Uttar Pradesh today and released the 17th instalment of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer amounting to more than Rs 20,000 crores to around 9.26 crore beneficiary farmers. During the program, he also granted certificates to more than…
Tobacco-like plant engineered to pump out nutrients found in breast milk
Breakthrough could pave way for formula milk that more closely replicates health benefits of breastfeeding Scientists have genetically engineered a close relative of the tobacco plant to pump out nutrients found in human breast milk. The technology could pave the way for infant formula milk that more closely replicates health benefits of breastfeeding, according to the…
India set to capitalise on Western dairy decline with annual expansion of 10pc
India will expand its milk production by 10pc annually as developed countries look at reducing their herds, the head of one of India’s largest milk-processing facilities has said. “If other countries have issues with their cattle and milk production, it’s good for us — markets open for us,” head of Dudhmansagar Dairy Prateek Kumar Mudgal…
GDT price index records first decline since March 2024
The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases….
As heat subsides, Aavin daily milk procurement back to 32 lakh litres
Aavin’s dairy milk procurement, which dropped to less than 27 lakh litres a day in February, has rebounded to 31.6 lakh litres since the first week of June. During April and May, procurement fell sharply by 5 lakh litres a day due to the heat wave. Despite demands from dairy farmers for higher milk procurement…
Innovation key pillar of growth for Nestle India
Packaged foods major Nestle India has said that it is investing in innovation as an engine for growth in the country since India is the fastest-growing market for it globally. “Our total sales witnessed a double-digit growth as we navigated a dynamic market landscape,” said Suresh Narayanan, chairman and managing director (CMD), Nestle India, in…
Milk prices slashed down in Chennai after a long time in the absence of sales
In response to a decline in the sale of milk and dairy products, Hatsun, the producer of Arokya milk and curd, has reduced the price of its full cream milk by 2/litre and curd by 4/kg, effective from Tuesday. This marks the first price reduction in several years, with the last dip occurring during the pandemic…