Fonterra puts its Australian dairy assets up for sale
Fonterra has put its Australian business, a major supplier of milk, up for sale in a move that has farmers concerned about shrinking competition in the processing sector. The New Zealand-based dairy giant – behind household brands such as Western Star butter, Mainland cheese and Perfect Italiano cheese – has eight manufacturing sites spread across…
Verka hikes milk purchase price by ₹10 per kg of fat
The buffalo milk price has been increased from ₹810 per kg of fat to ₹820 per kg. The cow milk price has been increased from ₹770 per kg fat to ₹780 per kg. Milkfed has increased the purchase price of milk by ₹10 per kg of fat. Ludhiana plant general manager Surjit Singh Bhadour said that…
Ice Cream Brand Hocco’s Valued at INR 600 Cr With Backing From Chona Family, Sauce.vc
SUMMARYHocco has reportedly raised INR 100 Cr ($12 Mn) in a fresh funding round The funds will be used to expand the company’s manufacturing capacity The round also saw participation from angel investors, including film producers Ritesh Sidhwani and Farhan Akhtar Ahmedabad-based ice cream brand Hocco has reportedly raised INR 100 Cr ($12 Mn) in…
Capacity of Amul chocolate factory to be doubled: GCMMF MD Jayen Mehta
Amul’s chocolate factory in Gujarat is being expanded to double the quantum of chocolates it currently produces. “We are doubling the capacity of the chocolate plant. When Prime Minister Narendra Modi had come to Mogar in 2018, we had increased the capacity by five times. That capacity got exhausted in two years. Since the last one…
Milk occupies giant share in Haryana’s food bill-Household Consumption Expenditure Survey
The sharp rise in share of spending on beverages and processed food by Indian households caught everyone’s eyes, but that may not be true in every state — Haryana, Punjab and Rajasthan, among others. Rural Haryana spends 41.7 percent of its total food expenditure on milk and milk products, shows a detailed report on Household…
Cereals, dairy prices push FAO food price index up in May
Global food commodity prices rose for a third consecutive month in May due to increases in the prices of cereals and dairy products. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, rose 0.9% in May compared to the previous month, reaching 120.4 points. The index…
Delhi High Court pulls up Animal Husbandry Unit over violations in dairy colonies
The Delhi High Court has come down heavily on the Animal Husbandry Unit of the Delhi government, observing that there is a “lack of will” in State functionaries to stop the “rampant violation of laws” by dairy owners in the nine dairy colonies in the Capital. “These violations not only affect the public health of…
Soaring milk prices may hit affordability, health
Growth in the dairy industry necessitates ethical, accessible and safe milk production; without these, milk could become inaccessible to the general public For ages, milk has been universally acknowledged as an excellent source of nutrition, especially for children. A good sign that milk & dairy production in our country is increasing fast. However, if the…
Indian Dairy Association Hosts Seminar on ‘Technological Interventions in Dairy Industry’
The Indian Dairy Association (IDA), the leading authority in India’s dairy sector, organized a seminar on June 06, 2024, with the theme ‘Technological Interventions in Indian Dairy’ at Yashobhoomi (IICC), Dwarka, New Delhi. The seminar was held concurrently with the Inter FoodTech exhibition and provided a dynamic platform for discussing the latest technological advancements in…
Milk price hike: many cut consumption or switch to cheaper brands
Mother Dairy, earlier this week, hiked the milk prices of its brands by Rs 2 per litre in Delhi-NCR. The price hike is applicable in Delhi-NCR as well as other markets, the company said. Amul also increased its milk rates by Rs 2 per litre across all its brands. A survey conducted, LocalCircles, after the…