₹4.5-crore incentive for dairy farmers, milk cooperatives
The Ernakulam Regional Cooperative Milk Producers’ Union (ERCMPU) will disburse around ₹4.5 crore as incentive for milk production during the period between February 1 and March 31. The money translates into ₹7 extra per litre of milk, of which ₹5 will go to the dairy farmer and ₹2 to the primary milk cooperative. ERCMPU chairman…
Heritage Foods Q3 results: Profit surges 96% on strong dairy demand
ndia’s Heritage Foods reported a 96% jump in third-quarter profit on Monday, helped by strong demand for its dairy products. The dairy producer’s consolidated profit rose to Rs 2.69 crore ($3.2 million) for the quarter ended Dec. 31 from Rs 1.373 crore a year earlier. The average selling price of milk rose 5.2% year-on-year, boosting…
After millets Brazilian markets are eyeing Indian dairy products
India and Brazil are discussing a proposal to open the Brazilian market for Indian dairy products, including camel milk and special cheese, two senior officials from the two countries said. Both governments are collaborating on this initiative, following the recent opening of Brazil to Indian millet exports. The proposed partnership also involves plans to set…
Swiss chocolatier Läderach eyes expansion in India
India’s burgeoning appetite for luxury, particularly Western-inspired trends, has caught the eye of Swiss chocolatier Läderach, which controls about 5% of the entire Swiss chocolate market. Landing in Delhi just eight months ago, the brand faces stiff competition and complex import duties, but still sees immense potential in the market and expects to open at…
Mouthfeel and taste key for fortified beverages for elderly APAC
Better-for-you beverages fortified with minerals such as calcium need to ensure a smooth mouthfeel and taste to meet rising demand from older consumers in APAC.According to palm oil giant Musim Mas, this is just as important as meeting health and wellness trends. “We [see] a great demand for healthy, fortified beverages [especially] as older consumers…
China looks to improve dairy governance with specific standards
China is seeking to tighten governance over the domestic dairy industry with specific standards to manage different types of milk available on supermarket shelves. China’s dairy industry has been growing by leaps and bounds since receiving as an important part of regular diet, with major brands such as Yili and Mengniu leading the way….
ITC leverages AI for spotting consumer trends & product development
Fast-Moving Consumer Goods (FMCG) major ITC Limited is leveraging Artificial Intelligence (AI) to strengthen its product portfolio by getting insights into new consumer trends. The company is also capitalising on technology throughout its product value chain. Under pilot runs for its dairy business, the company is using AI tools to check the health of cows and technologies to evaluate…
Confluence of milk and code: How innovations in agtech can transform the future of Indian agriculture
India’s vast and diverse agricultural landscape, spanning 160 million hectares and sustained by the efforts of 151 million farmers, plays a substantial role, contributing five per cent to the nation’s GDP (World Bank, 2023). Despite its scale, challenges persist, including fragmented landholdings and susceptibility to unpredictable weather patterns, limiting its full potential. However, amidst these…
DAIRY NEWS Anantnag Surpasses Pulwama in Milk production
Anantnag district has surpassed Pulwama district in milk production, earning the title of the ‘New Anand of Kashmir’. Anantnag is presently producing 7.29 lakh litres of milk per day. Officials said the annual milk production in the district is approximately 266.35 thousand tonnes, surpassing Pulwama, which has an annual milk production of 262.95 thousand tonnes….
Sabar Dairy announces pay hike for milk producers
Sabar Dairy has increased the procurement price of milk by Rs. 10 per kilo fat. Previously, the price of milk per kilo fat was Rs. 840, and it will now be Rs. 850 per kilo fat. This adjustment will take effect from February 1st. The board of Sabar Dairy decided to hike the procurement price…