Maharashtra cabinet gives nod to Rs 5 per litre subsidy to milk producers
The Maharashtra cabinet announced on Thursday to provide a subsidy of Rs 5 per liter for milk to farmers supplying their produce to both cooperative societies and private milk projects within the state. The decision aims to support and bolster the dairy farming community. Under this initiative, milk-producing farmers who are part of cooperative milk societies and…
Israeli foodtech startup secures US regulatory nod for cow-free dairy protein
Imagindairy seeks to partner with US food companies to scale up the production of its animal-free protein used in cow-free dairy products like cheeses, yogurt and ice cream Israeli foodtech startup Imagindairy Ltd. has received US regulatory clearance that its animal-free proteins can be safely used in the production of dairy duplicates, like milk and…
Dairy Sector to be showcased at Vibrant Gujarat Summit 2024
The Vibrant Gujarat Summit 2024 is set to shine a spotlight on the thriving dairy sector, with a particular focus on the accomplishments of the Gujarat dairy co-operative sector led by the Gujarat Cooperative Milk Marketing Federation (GCMMF) during its 10th edition scheduled from January 10 to 12 in Gandhinagar. Chief Minister Bhupendra Patel has…
Maharashtra to revise milk subsidy formula for wider coverage
Maharashtra animal husbandry and dairy development minister Radhakrishna Vikhe Patil said on Wednesday that the state government would revise an earlier accepted formula to provide subsidy to milk producers for wider coverage. During the winter session of the state legislature in Nagpur, Vikhe Patil had said on December 20 that the government would give a…
Danone offloads US organic dairy assets
French dairy giant Danone has sold its US-based Horizon Organic and Wallaby units to local investment business Platinum Equity for an undisclosed fee. The Alpro and Activia brands owner said the disposal is part of its Renew Danone turnaround strategy, announced in March 2022. The strategy includes the disposal of what CEO Antoine de Saint-Affrique described at the…
GLOBAL DAIRY TRADE INDEX UP TO START NEW YEAR
The Global Dairy Trade index rose 1.2% in the first trading session of the new year Tuesday. It’s the third straight trading event with a rise in the index. The average price was $3,363 dollars per metric ton. Whole milk powder values rose 2.5% to $3,290 per metric ton or $1.49 per pound. Butter was…
Are dairy products fattening and unhealthy?
In recent times, there has been a growing narrative suggesting that dairy products are fattening and unhealthy. However, it is crucial to dispel these misconceptions as they do not align with scientific evidence. In fact, we need to acknowledge the numerous benefits that dairy brings to our overall health unless one is intolerant or allergic…
Maharashtra’s Mahanand Dairy board passes resolution for takeover by NDDB
The board of directors at Mahanand Dairy, a once-profitable venture under the Maharashtra government, has sanctioned a resolution to transfer the dairy’s control to the National Dairy Development Board (NDDB). However, milk producers in the State are expressing concerns and alleging that the government and the board have decided to facilitate Amul’s expansion in Maharashtra….
All NZ dairy products now able to enter China duty-free
All New Zealand dairy products are now able to enter China duty-free, as safeguard duties on milk powder ended yesterday, marking the removal of all remaining tariffs agreed upon in the free trade deal between the two countries. New Zealand was the first developed country to sign a free trade agreement with China in 2008, with the imports of…
R.G. Chandramogan,The visionary founder behind Hatsun Agro
In entrepreneurial success stories, few tales are as inspiring and remarkable as that of R.G. Chandramogan, the visionary behind Hatsun Agro. Starting with a modest investment of Rs 13,000, Chandramogan transformed his ice cream business into a mammoth enterprise, now standing tall as India’s largest private-sector dairy company with annual revenue of Rs 8,000 crore….