Dodla Dairy impressive results in Q3
Dodla Dairy Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,468.41 million compared to INR 6,754.31 million a year ago. Revenue was INR 7,525.45 million compared to INR 6,819.63 million a year ago. Net income was INR 413.32…
What’s in India New Zealand FTA with or without dairy- Guy Trafford
Leading into the 2023 elections one of the promising announcements that came from National was the intent to open negotiations with India and achieve a Free Trade Agreement (FTA) – and dairy was to be included. It was described by National as a “major strategic priority”. At the time many (myself-included) poured cold water on…
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for…
World Co-op Monitor: Amul makes India proud; comes 2nd globally
Amul has made a remarkable achievement by securing the second position globally in the Co-op Monitor, showcasing the strength of India’s dairy cooperative sector. The Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), operating under the renowned brand name Amul, clinched this prestigious spot among the world’s top 300 cooperatives. The ranking is determined by the…
Scheam India Signs Rs 73 Cr Investment Pact With JKDCF
Scheam India has signed an agreement with the Jammu and Kashmir Dairy Cooperative Federation and agro cooperatives (FPOs) to invest Rs 73 crore to boost the dairy infrastructure and entrepreneurship in J&K and Ladakh. The memorandum of understanding (MOU) was signed by Vikrant Dogra, Chairman of Jammu and Kashmir Dairy Coop Federation Limited (JKDCF), UNATI…
FSAI assesses official controls in the dairy sector in Ireland
An assessment of controls at companies in the dairy sector in Ireland has found the system works well overall but there are several areas that need improvement. The audit covered official controls by a Department of Agriculture, Food and the Marine (DAFM) division in the dairy production chain. Eleven businesses were audited between August and…
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for…
ERCMPU to pay ₹7 extra to societies; farmers to get ₹5 more a litre
Milma’s Ernakulam Regional Cooperative Milk Producers’ Union (ERCMPU) will pay an extra ₹7 a litre to milk societies under it, with ₹5 a litre going to the farmers. The decision was taken at a meeting of the ERCMPU in Kochi on January 25. This is the biggest incentive by far in the dairy sector in…
Tagging of animals important for disbursement of milk subsidy
Maharashtra animal husbandry and dairy development minister Radhakrishna Vikhe Patil said on Wednesday that tagging of cows and buffaloes was important to disburse the milk subsidy announced by the government in the state. During the winter session of the state legislature last year, the government had announced to give a subsidy of Rs 5 per…
Initiative launched to tackle aflatoxin threat in dairy industry
Global statistics show that nearly one in 10 people fall ill from contaminated food annually, particularly due to dangerous mycotoxins like aflatoxin. An initiative has been launched to fight aflatoxin in the dairy industry. The initiative, the “Safe Milk Kenya” project, was launched by Bio Foods through a grant from USAID, last week. Joachim Westerveld, Executive Chairman…