India’s potential dairy fat demand creates uncertainty
According to multiple market sources, India is currently running short of butter and clarified butter (ghee/anhydrous milk fat (AMF)). In a meeting last week, the Indian government announced it was considering whether to import ghee and AMF, or butter. If the government decides to come into the market, then the dairy fat market may find…
Amul converts complete range of Buttermilk into probiotics
The commodity segment has driven the maximum business growth for Amul and given the company surpluses with double-digit volume growth coming from across categories, says Jayen Mehta. The MD of Amul spoke to e4m Editor Naziya Alvi Rahman about the brand’s big launches this year, expansion to newer countries and his turnover plans for the…
Milma resents entry of Nandini milk brand in Kerala
The Kerala Cooperative Milk Marketing Federation (KCMMF), known by the brand Milma, has voiced serious concern over the tendency of some State milk marketing federations to aggressively enter markets outside their respective States, holding that this involved a breach of the cooperative spirit based on which the country’s dairy sector has been organised for the…
Purabi Dairy targets 50pc revenue increase to Rs 300cr in FY’24
The West Assam Milk Producers’ Co-operative Union Ltd (WAMUL) on Thursday said it is aiming to clock a 50 per cent jump over its 2022-23 revenue to around Rs 300 crore in this fiscal. The business of the Guwahati-based cooperative, which markets milk and milk products under the Purabi Dairy brand, crossed Rs 200 crore…
Milk cooperatives indulged in market distorting tactics
The new controversy in election-bound Karnataka is, surprisingly, around two large and successful dairy cooperatives —Amul (brand owned by Gujarat Cooperative Milk Marketing Federation, GCMMF) and Nandini (brand owned by Karnataka Milk Federation, KMF). The debate seems to have been kick-started by two events: a statement in December 2022 that if Amul and Nandini work…
Will China continue the downtrend in dairy demand?
China plays a vital role in setting price direction on global dairy markets. During recent times, they have been buying less amid high imports in 2021 and comfortable domestic milk supplies. Farmgate milk prices have been declining in recent months in response to weaker global market prices. While milk production has improved, the reduction in…
Amul’s price revision is a battle against soaring costs
Gujarat’s Amul has courted controversy as a ‘challenger’ to Karnataka’s homegrown Nandini, but the dairy giant is struggling due to rising costs, farms shutting down. Shibam Dairy in Gopalpura village in Gujarat’s Anand district. It is owned by a businessman who invested Rs 11 cr five years ago, but is still waiting to see profits…
Britain’s Tesco cuts price of milk for first time since 2020
Britain’s biggest supermarket group Tesco has cut the price of milk for the first time since May 2020, a possible early sign that a surge in food inflation may abate in the coming months. In March, grocery inflation rose to a record 17.5%, according to market researcher Kantar, with prices rising fastest for products such as milk, cheese…
What does data tell us about spike in milk prices?
When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation Anecdotal accounts of dairy products being unavailable in markets combined with high inflation for milk and milk products, recent speculation about the government allowing milk imports, and its subsequent refutation by the…
Amul Vs Nandini: What’s The Hue And Cry About
The 16th edition of the Indian Premier League (IPL 2023) is currently underway engulfing the nation with interesting matches amidst the slugfest. But India is currently glued to another interesting match between dairy players Amul and Nandini, that has emerged with a massive political outrage with Amul’s entry into the Bengaluru market. Amul Vs Nandini,…