The good cooperative
Companies are investor-owned entities that exist primarily to maximize their return on capital. This is reflected in the value of their shares, whether traded on an exchange or not. The investor-owner ultimately seeks capital appreciation and the highest possible price for the shares he wishes to sell or pledge to raise further funds. Cooperatives, on…
Complexity of Measuring and reducing emissions in dairy industry Bydairynew
Despite differences in farming systems, the carbon footprint of dairy products is similar among the major exporting regions, and most greenhouse gas (GHG) emissions originate on the farm in the form of methane, according to a new report from Rabobank, outlining some of the reduction strategies available, including those left untapped. ON-FARM EMISSIONS At the…
Saudi dairy Almarai’s net profit increases to $453m in 22
Saudi dairy giant, Almarai, recorded a 12.5 percent increase in net profit to SR1.7 billion ($453 million) in 2022, compared to SR1.5 billion recorded the previous year, driven by bakery and dairy segments. The Tadawul-listed firm saw its revenue rise by 18 percent to hit SR18.7 billion in 2022 from SR15.8 billion in 2021. The company’s revenue increase was mainly driven by its bakery segment, which was…
Changing the narrative about the power of dairy protein
Muscle-building” cookies, “refueling” smoothies and “satiating” breakfast foods often rely on protein to make such marketing claims — but not just any protein. Many food formulations are fueled by dairy proteins, namely whey, in one of its many formats. The choice of protein is an important marketing tool of the product’s “power.” Unfortunately, marketers are…
Reports Related To Milk Adulteration False: Government
The Centre on Thursday termed “false” a media report that the WHO has issued an advisory to the government stating if adulteration of milk and milk products is not checked immediately, 87 per cent of citizen would be suffering from serious disease like cancer by 2025. In an official statement, the Fisheries, Animal Husbandry &…
Hatsun Agro sees dip in Q3 profit as input costs rise
India’s Hatsun Agro Product Ltd HAPL.NS, which sells Arun ice cream and Arokya milk, reported a 2.9% fall in quarterly profit on Thursday, hurt mainly by a surge in prices for animal feed and milk procurement. The Chennai-based company said net profit dropped to 464.4 million rupees ($5.71 million) in the quarter ended Dec. 31, from 478.4…
Amul, NAFED among promoters of New national export cooperative
The proposed national multi-state cooperative export society, to be established under the Multi State Cooperative Societies (MSCS) Act, 2002, will have a paid-up capital of Rs 2,000 crore, a top official at the Union Ministry of Cooperation said Thursday. The official said the proposed export cooperative will have five promoters — Gujarat Cooperative Milk Marketing…
Danone Vows to Cut Methane Emissions From Milk by 30%
Danone aims to cut methane emissions from its fresh milk supply chain by almost one-third over the next seven years, becoming the first major food company to set targets in line with a pledge by 150 countries to reduce emissions of the greenhouse gas from cows’ burps. The Activia maker said steps including better management of…
Dairy prices edge up, volumes ease at auction – GDT events
International milk prices edged up but volumes fell in this month’s second Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 0.1%, with an average selling price of $3,393 per tonne. The index lost 2.8% at the previous auction held on Jan. 3, the average selling prices being $3,365 per tonne,…
Four private dairies increase milk price by Rs 2-Rs 4 a litre
Citing increasing input costs, four private dairies selling milk under brand names Thirumala, Jersey, Vallabha and Heritage have increased their prices by Rs 2 to Rs 4 per litre. The hike came into effect between Wednesday and Friday. As per the new price, the cost of per litre of full cream milk of private brands…