At 29.30 per cent in January, fodder inflation continues to rise
No respite seems in sight from the rising milk prices as fodder inflation continues to rise. The annual rate of fodder inflation based on all-India Wholesale Price Index (WPI) numbers has further increased to 29.30 per cent in January 2023 against 28.66 per cent recorded in December 2022. Fodder inflation was recorded at 7.14 per…
Govt to set up 2 lakh dairy co-operative societies in next 5 years
The Union Cabinet on Wednesday approved a blueprint for strengthening the co-operative movement and deepening its reach. Accordingly, two lakh new Primary Agriculture Credit Societies (PACS) and dairy-fishery co-operatives will be set up in villages and panchayats untapped by co-operatives over the next five years. At present, there are around 63,000 functional PACS out of…
Do away with different rate of GST on SMP, ghee: Chandramogan
R.G. Chandramogan, Chairman, Hatsun Agro Products, has urged the government to do way with the practice of charging different rates of GST on milk fats and skimmed milk powder (SMP), both of which are milk products. Milk is separated into two parts – SMP (skimmed milk powder) and milk fat. While milk fat is taxed…
FAO, WHO Report on Food Safety of Water Reuse in Dairy
The Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO) recently published a report that provides guidance for the dairy industry on food-safe sourcing, use, and reuse of fit-for-purpose water. The report is based on a Joint FAO/WHO Expert Meeting on Microbiological Risk Assessment (JEMRA) session that was convened online from…
Vipul Patel elected as chairman of Amul Dairy
The BJP’s Anand district unit president Vipul Patel was elected Tuesday as the new chairman of the Kaira District Cooperative Milk Producers’ Union Limited—the oldest milk cooperative of Gujarat popularly known as Amul Dairy. Patel’s election brings to an end the reign of Ramsinh Parmar, an OBC, who held the post of the cooperative’s chairman for almost…
Milk price reaches Rs210 a litre in uncertain economic conditions
In uncertain economic conditions, consumers continue to receive severe price shocks following an unchecked hike in the prices of daily use items, including loose milk, which has been increased to Rs210 from Rs190 per litre by some shopkeepers and live broiler chicken which has seen an increase of Rs30-40 per kg in the last two…
Saputo prioritises value over volume to keep dairy “affordable”
Saputo has flipped its focus to value over volume after a challenging couple of years characterised by supply chain and inflationary pressures. As input costs “remain high” across the supply chain and wages, president and CEO Lino Saputo, Jr., said the Canadian dairy major is “focused on executing cost savings in addition to pricing initiatives…
Israeli development to change how we consume dairy products
Antibiotic-resistant bacteria are one of the greatest health risks facing humanity because they keep multiplying, and antibiotics lose their effectiveness as their use increases. The Israeli biopharmaceutical company Mileutis based in Ness Ziona is currently considered one of the global pioneers in this field. The company developed a biological preparation designed to treat the most serious…
Solid performance and sustainability action in volatile year by ARLA
Arla Foods navigated the inflationary environment of 2022 effectively, delivering a strong performance that enabled it to deliver a significant increase in its prepaid milk price and an above target supplementary payment to its farmer owners of 2.2 EUR-cent per kg milk for the full year. The European dairy cooperative also took significant steps on…
Milk prices increased due to rise in fodder cost: Sanjeev Balyan
Milk prices in the country have risen due to increase in the feed and fodder cost, Union Minister Sanjeev Kumar Balyan said in Rajya Sabha on Friday. Balyan, who is Minister of State of Fisheries, Animal Husbandry and Dairying, said dairy companies pass on 75 per cent of the retail price to farmers. There is…