Flush season ahead for these three dairy stocks say analysts
Source: IANS Dairy demand is seeing an uptick as procurement prices are coming down, leading to margin expansion, say analysts. As spending power increases, demand for other value added products like ice creams, paneer, cheese and whey are growing. Arihant Capital says that there is huge upside in stocks like Parag Milk Foods, Dodla Dairy…
A 30 liter tank for making lab made milk cost Rs 1.5 crores
Milk Made By Sugar, Water, And Bacteria: Milk and milk products have come a long way in the last few years. Despite this, these products made from plants cannot exactly match dairy. According to a report by the Good Food Institute (GFI), plant-based milk beverages made from ingredients such as soybeans, almonds, and oats make up…
Stray cattle menace , your dairy hurdles on Chennai roads
The bustling Velachery 100 Feet Road came to a brief halt on the night of July 15 after a herd of cattle strayed on to the two-kilometre stretch that falls between the flyover and Phoenix Mall. While cattle on the streets is not a rare sight, lack of proper enforcement of the regulations continue to…
Soaring cattle feed prices to drive milk prices higher
Retail milk prices that have shot up nearly 22% in three years, including about 10% in the last one year, are expected to increase further in the coming three-four months as feed and fodder prices are on the rise amid the monsoon deluge. The prices of de-oiled rice bran (DORB), a key ingredient in cattle,…
Dairy farmers lose as sales drop in Nepal
Tirtha Acharya of Fikkal Bazaar, Ilam has been a dairy farmer for decades. He makes ghee and dog chew from the milk produced on his farm. He also buys milk from other farmers to make his various dairy products. Last March, the government raised the price of milk paid to farmers, and since then, his…
ID FRESH EYES US RELAUNCH AND POSSIBLE M&A IN USA
Bengaluru-based ready-to-cook brand ID Fresh Food is looking at strategic acquisitions in the US as it plans on re-entering the market with improved product and packaging. The company, most known for its ready-to-cook batters, is also on the lookout for a country head for the US to oversee its expansion plans in these markets. “We…
Dr. Meenesh Shah appointed Chairman, IRMA
Dr Meenesh Shah, Chairman & Managing Director, National Dairy Development Board (NDDB), has been appointed Chairman of the Institute of Rural Management Anand (IRMA). He is also a member of IRMA’s Society and Board of Governors and has been unanimously elected by the Board as its Chairman. Assuming the position, Dr. Shah said, “I feel…
Dodla Dairy Q1: Net profit rises 40.32% to Rs 34.97 crore, revenue up 14.84%
Dodla Dairy reported a consolidated net profit of Rs 34.97 crore for the quarter ended June, up 40.32 percent from Rs 24.92 crore in the year- ago period. On July 21, the company reported a 14.84 percent YoY (year-on-year) rise in consolidated revenue from operations at Rs 823.42 crore against Rs 716.99 crore a year ago….
Nandini milk price expected to go up by ₹3 a litre from August 1
The consumer price of Nandini brand milk being sold by the Karnataka Milk Federation (KMF) is set to go up by ₹ 3 a litre from August 1, as the government has given its consent for the rise at a meeting on Friday, according to KMF president Bheema Naik. A formal notification regarding the increase in…
NDDB, GCMMF organise Jan Bhagidari event on women
NDDB and GCMMF, and W20 organised a one-day event on Jan Bhagidari – Women-led Sustainable Development through Dairy Cooperatives under W20, an official engagement group of G20 at NDDB, Anand on 20 July 2023. On the occasion, Jagdish Vishwakarma, Minister of State for Cooperation, Government of Gujarat said that women should take the lead in…