Dairy Report: What China’s Slowing Economy Means for Dairy
China’s slowing economy is not helping global dairy prices. The country’s second quarter GDP grew 6.3% compared to the same quarter last year, smaller than what analysts expected. Last year GDP grew only by 0.4%, the second smallest growth rate in the past 10 years. Market watchers say China has been importing few dairy products…
No plans to eliminate milk and milk products from GST net
There is no proposal to eliminate the Goods and Services Tax (GST) on milk products as the rates are based on the recommendation of the GST Council, Union Minister of State for Finance, Pankaj Chaudhary, said on Tuesday, August 1, 2023. Mr. Chaudhary said fresh milk and pasteurised milk are exempt from GST. The rates…
Mother Dairy Turnover Rises 17% In FY23 To Rs 14,500 Crore
Delhi-NCR’s leading milk supplier Mother Dairy turnover increased 17% to around Rs 14,500 crore in FY23 on better demand across all categories, including fresh milk, value-added dairy products and edible oils, the company’s top official said. The turnover stood at about Rs 12,500 crore in the previous fiscal year. The turnover stood at about Rs…
Dairy prices fall as volumes rise at auction- GDT events
International milk prices fell while volumes were up at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 4.3%, with an average selling price of $3,100 per metric ton. The index fell 1% at the previous auction on July 18, with an average selling price of $3,289, according…
Can a vegan diet lead to severe protein deficiency and malnutrition?
Vegan influencer Zhanna Samsonova dies at 39 Vegan diets are very low in protein, calcium, Vitamin D and vitamin B12, which can result in anaemia, nervous system damage, infertility and heart disease. In the absence of fats from the diet, fat-soluble vitamins won’t get absorbed by the body, says Ritika Samaddar, Regional Head, Nutrition And…
Delicious feud Punjab milk brand may vie for space in delhi Parks
More milk from Punjab is set to flow into the city. With Delhi Municipal Corporation giving the go-ahead to Punjab Milkfed to sell its Verka brand in Delhi, the milk producers’ cooperative plans to begin with 100 booths in the capital. Till now, only Amul was permitted to set up booths at designated spots across…
Dairy prices fall as volumes rise at auction- GDT events
International milk prices fell while volumes were up at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 4.3%, with an average selling price of $3,100 per metric ton. The index fell 1% at the previous auction on July 18, with an average selling price of $3,289, according…
The Basics of Carbon Credits
As the dairy industry has been making large strides to become carbon neutral by 2050, dairy farms are adopting new practices to lower carbon emissions on farms. Many discussions about becoming carbon neutral have been lately geared toward carbon credits and markets. Some calling it a potential gold rush for agriculture. However, the carbon market…
Tirupati to stop using KMF’s Nandini ghee for their laddus
The Tirumala Tirupati Devasthanam (TTD), the trust that oversees the Tirumala Venkateswara Temple in Andhra Pradesh, has reportedly given its ghee tender to a company other than the Karnataka Milk Federation (KMF) for the first time in 50 years. The development came following a price hike in Nandini milk products, the brand operated by KMF….
Building Nutrition Security with Dairy : Roles Risks and Regulations
Stellapps technology and Think Ag organised a webinar last week on Nutrition security with Dairy . The webinar was to kick start of purposeful discussions on showcasing legitimacy of Milk as a lifeline of human nutrition. It has become a fashion to curse dairy and milk in one way or the other. It looks like…