Global dairy prices goes down by 1.5%
Global Dairy Trade Event 326 concluded with the GDT Price Index down 1.5% and average price closed at USD 3414 per Metric ton. A total trade of 30693 MT of dairy commodities was carried out during this event. The price of various commodities are as follows : AMF index down 2.6%, average price US$5,447/MT Butter index up 3.8%,…
Indian dairy industry vision 2030 Seminar full proceedings
A national seminar on ‘Indian Dairy Industry—Vision 2030’ was held in Kerala recently in connection with ‘Ksheera Sangamam 2023’ organised by the Kerala Dairy Development department. https://youtu.be/pjy4DtrEerg Presiding over the seminar, Animal Husbandry and Dairy Development Minister J. Chinchurani said the efforts of the State government and Milma in assuring a stable price for farmers…
National seminar on ‘Indian Dairy Industry—Vision 2030’ at Thrissur
The National Digital Livestock Mission (NDLM) is expected to be rolled out in the country by April this year to create a technology enabled and farmer-centric ecosystem to help the Indian dairy sector scale greater heights, R.K. Singh, secretary, Animal Husbandry and Dairying, Government of India, has said. Besides creating a digital database of the…
Baroda Dairy’s board refutes allegations of corruption, nepotism
For the first time, the board of directors of the Baroda District Co-operative Milk Producers Union Limited (BDCMPUL) popularly known as Baroda Dairy came out in the open to counter allegations levelled against its management by Savli’s BJP MLA Ketan Inamdar. In a scathing attack for the past week, Inamdar has levelled a series of allegations alleging corruption…
Nestle India expands direct distribution, deepens rural coverage
In line with its rurban growth strategy, Nestle India has expanded its direct distribution to 1.5 million outlets in 2022 and is also deepening its rural coverage. The FMCG major has increased its overall distribution network to 5.1 million outlets, which includes direct and indirect distribution in 2022, from 4 million outlets in 2016. On…
Plant platter – Growing demand and acceptance
There is a growing demand and acceptance for plant-based food products in India. Even though the size is small — new launches in this category were only 0.7% of the total launches in November 2019, which, however, grew to 2.1% in October 2022— experts expect this number to further increase in the coming years. “Our…
UP: Over Rs 35,000 cr investment in dairy and livestock sectors
The Uttar Pradesh government under the leadership of Chief Minister Yogi Adityanath will witness significant growth in all sectors with investments of over Rs 33.52 lakh crore in more than 20 sectors landing on the ground, as per an official release. As per an official release, the investors have agreed to invest more than Rs…
Milk and milk products have an average weightage of 6.61 % in CPI
After moderating in the previous three months, inflation rate based on the Consumer Price Index (CPI) for January surpassed the upper threshold of the Reserve Bank of India’s tolerance band. The increase in retail inflation from 5.7 per cent in December to 6.5 per cent in January was largely driven by food prices, particularly cereals. Inflation in cereals…
Market led poverty alleviation-Mart’s Mantra for rural development
Mart , an organisation founded by Mr Pradeep Kashyap (also known as father of rural India), celebrated its 30th anniversary yesterday. Mr Kashyap emphasised on developing a market led eco system for the rural folks. He said that rural marketing should not act as a one way street to extract money out of the rural…
Nestle India’s profit grows 65.5% in December quarter
Nestle India posted a net profit of ₹628.06 crore in the fourth quarter ended December 31, up 65.50 per cent against ₹379.48 crore in the same period a year ago. The company’s sales were up 13.95 per cent to ₹4,233.27 crore in the quarter under review. The packaged food major, which follows the January-December period as…