Lactoferrin : FrieslandCampina expands protein processing
FrieslandCampina has opened a new facility in the Netherlands that will produce lactoferrin, a highly nutritious protein and “extremely important ingredient,” which can boost immune systems and promote disease resistance. The facility will enable the company to enhance its production of lactoferrin – an antiviral ingredient and critical component of infant formula – from 20…
Avanti Finance partners with Stellapps mooPay to provide credit
Bengaluru-based Avanti Finance, a technology-led NBFC focused on financial inclusion, has partnered with Stellapps’ data-driven digital FinTech vertical mooPay. mooPay is a platform using deep tech to offer financial products i.e. payments, credit, insurance, agent banking and savings products to farmers in rural India. The strategic partnership with Avanti will help mooPay further drive financial inclusion in…
ChickP Protein Stars in Compelling Dairy Cheese Analog
Rehovot, Israel – ChickP Protein, Ltd.’s patented chickpea isolate demonstrates its capacity to act as an exceptional plant-based protein alternative for cheese analogs. The foodTech start-up has created prototypes of chickpea-powered cream cheese and firm cheddar cheese. The new innovations match real dairy cheese in appearance, flavor, and are highly nutritious. ChickP’s breakthrough formulations will be instrumental in…
The Coca-Cola Co. pulls plug on Innocent dairy-free range
The Coca-Cola Co.’s Innocent brand is to discontinue its dairy-free range of beverages, announcing on social media that the three-strong line of drinks would be “leaving shelves in the next few weeks”. Primarily a producer of smoothies and juices, Innocent entered the dairy-free market in 2018 with a UK launch that sought to leverage the growing demand…
DAHD implements National Programme for Dairy Development
Department of Animal Husbandry & Dairying (DAHD) is implementing National Programme for Dairy Development (NPDD) scheme across the country since Feb-2014. The scheme has been restructured/ realigned in July 2021 for implementation from 2021-22 to 2025- 26with following two components: (i). The Component ”A” of NPDD focuses on creating/strengthening of infrastructure for quality milk testing…
Fodder cost whips up milk prices: R S Sodhi
While cereals inflation of 12 to 13 percent has caught headlines, the second largest factor pushing up food inflation is milk prices. In February Consumer Price Index (CPI) data showed milk prices up by 9.6 percent from year-ago levels; higher than an already elevated 8.8 percent year-on-year rise in January. And while cereal prices will…
Global SMP and Butter prices falls to Rs 225 and Rs 405 per kg
Third consecutive fall in global price index since February 2023 The global dairy price index has fallen again by 2.6% to reach at a level of USD 3361 per Metric Ton. 148 bidders transacted volumes of 26795MT in the auction held on March 21st 2023 at GDT. The key results are as follows : AMF…
Tamil Nadu govt. to provide ₹15,500 cr. in crop and allied loans
The Tamil Nadu government will provide ₹14,000 crore in crop loans to farmers through co-operative societies in 2023-24, besides ₹1,500 crore for goat-rearing, dairy and poultry farming and fisheries, Minister for Agriculture and Farmers’ Welfare M.R.K. Panneerselvam said on Tuesday. The Minister, who presented the Agriculture Budget in the Assembly, announced the allocation of ₹500…
Mondelez International to invest ₹4,000 cr in India over four years
In a strategic move, Mondelez International is looking at significantly accelerating its investments in India, which it considers a key market. The maker of Oreo and Cadbury plans to invest about ₹4,000 crore in the 2023-26 period in the country. The packaged food major said this is in addition to investments of₹1,500 crore made during…
Amul, seeks to take on the ‘Cokes of the World’
Amul, India’s largest dairy brand, is rapidly scaling up its portfolio of non-dairy products to become a total foods and beverages company to compete with Nestle, Britannia, Coca-Cola and ITC, its new managing director, Jayen Mehta, said. Speaking to ET in his first interview after succeeding RS Sodhi in January at the Rs 61,000-crore brand…