Big Fall in FAO Dairy Price Index prevented by Chinese purchase
The FAO Dairy Price Index averaged 124.6 points in April, down 2.2 points (1.7 percent) from March and 22.1 points (15.1 percent) from its level one year ago. In April, international prices of milk powders fell for the tenth consecutive month, primarily underpinned by the impact of the persistent slack global import demand. Increased purchases by…
Potato based Milk Is An Unexpectedly Delicious Dairy Alternative
Plant-based milks are quite popular these days, and for lots of great reasons. People who are lactose intolerant experience digestive issues when drinking cow’s milk, so plant-based products are a welcomed alternative with their morning cereal or in their coffee. Also, many people avoid dairy products due to the poor conditions dairy cows are subjected…
WestBridge closes in on Milky Mist funding at Rs 7000 cr valuation
India-focussed investment fund WestBridge Capital is in the final stage of closing a deal to acquire a minority stake worth Rs 800 crore in Tamil Nadu-based dairy products brand Milky Mist. Deal Details: WestBridge is likely to have valued the company at about Rs 7,000 crore, three people in the know told us. The fund which manages…
Amul, Nandini, Aavin… and politicisation of milk cooperatives
In a country where cows are worshipped, the White Revolution is a forgotten spectacle. When Gujarat-born Amul, perceived to have been mollycoddled by the grand old party aeons ago but now backed by double-engine governments, makes a beeline for Karnataka, political parties are caught in the crossfire of canards. It is a perfect turf for…
Aavin plans schemes to bring down milk production cost
Dairy, which has been a second source of income for thousands of rural farmers in the state, faced an unprecedented situation in 2022-23. A section of dairy farmers associated with Aavin diverted their produce to private milk companies for a higher price. As a result, Aavin’s milk procurement declined by eight to nine lakh litres…
School Mandates Milk Propaganda at Anti-Dairy Event
A California high school student wanted to pass out literature critical of the dairy industry outside her school’s cafeteria—but the school administration wouldn’t let her, fearing that, unless she passed out pro-dairy flyers as well, the school would be found in violation of U.S. Department of Agriculture rules that bar anti-dairy speech on school grounds….
Milk import ban may be lifted in Nepal to prevent shortages
The government plans to lift import restrictions on fluid milk briefly to avert possible shortages during the lean season, officials said. The Ministry of Agriculture and Livestock Development said it was discussing opening imports for two months. The period April-November is the lean season for milk production and December-March is the flush season. “The paperwork…
Butter Prices Rise While Cheese Prices Fall in USA
USDA released their monthly Dairy Products report on Friday with results showing total cheese production at 1.229 billion, down 0.2% vs. last year. American-type cheese production stood at 499 million for March, up 3.2% year-over-year. Butter totaled 205 million, 1.4% stronger compared to the year prior. Nonfat dry milk and skim milk powder production was…
Beyond Nandini-Amul debate, dairying is an uphill task for many
If Nanje Gowda, a farmer at Kirugavulu in Mandya district, has sold off all three cows and stopped dairy farming in the last two years, his friends Nanjunde Gowda and Nage Gowda have reduced the number of cows as the rising cost of feed and fodder, coupled with an unattractive remuneration, has hit the dairy…
Plant-based investment group Kale United buys Lily & Hanna’s
Kale United, a holding company investing in the plant-based sector, has snapped up Swedish non-dairy ice cream company Lily & Hanna’s. The deal sees Kale United, also based in Sweden, buy “more than 95%” of the business, it said in a statement. Financial terms were not disclosed. In the statement, Kale United CEO Måns Ullerstam…