Stalin inaugurates warehouse for 1500 T of SMP in Tiruvannamalai
Chief Minister M. K. Stalin on Tuesday virtually inaugurated the new warehouse facility in the existing Dairy-cum-Powder Plant (DCPP) at Ammapalayam village near Chengam town in Tiruvannamalai to store additional 1,500 tonnes of skimmed milk powder. Officials of the Tamil Nadu Cooperative Milk Producers’ Federation (TNCMPF), said that the existing DCPP plant, which was established…
Need farmers’ support to up milk production: Sawant
Chief minister Pramod Sawant on Tuesday said that the government is making efforts to increase milk production in the state, but it is necessary that local milk producers should also cooperate. He said Goa consumes 44 lakh litres of milk every day, out of which Goa has to purchase several lakhs of litres of milk…
Lee Mielke: Milk estimates lowered in USA for 2024
The Agriculture Department lowered its milk production forecasts for 2023 and 2024 in the latest World Agriculture Supply and Demand Estimates report. The 2023 forecast was reduced from last month as milk cow numbers were revised lower in the latest Milk Production report, and the lower estimated numbers were carried into the fourth quarter forecast….
Dairy prices take a breather
While the key whole milk powder prices dipped 2.7%, five other products on Global Dairy Trade (GDT) auction recorded price rises. Lactose prices spiked over 19%, while skim milk powder, cheddar, anhydrous milk fat and butter milk powder prices all rose between 2% and 4%. Butter was the other product to post a price fall…
Reasons to believe dairy prices could move lower in the near term
September milk production was down 0.2% from a year ago and September’s Dairy Products report shows that milk was directed to the churn. StoneX says there was more fat and protein in the milk, along with declining fluid milk sales, so the amount of solids available to turn into dairy products was up about 1.1%….
Diwali se Diwali tak – Where did the dairy commodities money go?
Diwali was observed on November 12th this year, a shift from its date in 2022 on October 24th. Over the past 384 days, the dairy industry has experienced a roller coaster of events. This year witnessed a positive trend with continuous milk availability throughout. During the summer of 2023, the utilization of dairy commodities reached…
The Ayurveda Company Invests in Vastu Ghee Brand
T.A.C, The Ayurveda Company, is thrilled to announce that Ms. Shreedha Singh, CEO, and Co-Founder of the organization, has made a substantial investment in Shree Radhe Dairy Farms, particularly in their renowned brand, Vastu Ghee, through the groundbreaking show ‘Indian Angels.’ Five Angel investors, including Ms. Singh, collectively invested INR 2 Crores for a 2%…
Maharashtra: Diwali distress for dairy farmers
The procurement price of milk with 3.5 per cent fat and 8.5 per cent SNF (solid not fat) in Maharashtra has crashed from Rs 35/litre to the present Rs 28-29/litre. Barring cooperative dairies, private players have begun correcting prices which has led to unrest among dairy farmers. Constant correction in milk procurement prices by dairies…
GST Council Cannot Classify Goods under GST on Flavoured Milk
While giving relief to Parle Agro on taxability of flavoured milk, the Madras High Court has held that GST Council cannot determine the classification, A single judge bench, in its recent ruling, held that flavoured milk would attract GST at the rate of 5 per cent. The GST Council, in its meeting on December 22,…
Saputo indicates pricing cycle linked to inflation near end
Saputo has indicated the pricing cycle linked to inflation is coming to an end but the international dairy major is still seeing some “softness” in the category. While Saputo said volumes across the group were “stable” in the second quarter and were higher in its domestic Canadian market, export volumes remained under pressure, particularly in Europe…