Plant-based market in India to be worth Rs 81,000 crore
India is witnessing a surge in demand for plant-based products like plant-based meat, plant-based dairy, plant-based nutraceuticals. Plant-based food products are finished food products composed from components derived from plants, such as fruits, vegetables, whole grains, nuts, seeds and legumes. A growing section of the population is opting for plant-based food products, especially plant-based “meat”,…
TN: Dairy Farmers in Dire Straits as Fodder Prices Zoom, Inflation Bites
The Tamil Nadu Milk Producers Association is demanding an increase in milk procurement prices as fodder prices are spiralling. In November 2022, Aavin, the government milk cooperative, announced an increase of Rs 3/litre for milk procured from farmers and fixed the price of cow milk at Rs 35 and buffalo milk at Rs 44. But the milk…
Sodhi resignation — Milk industry jolted, writes RN Bhaskar
Last week delivered a shock to many in the milk industry. R.S. Sodhi, the senior-most executive of the largest milk cooperative in India accounting for a turnover of Rs. Rs 46,481 crore in 2021-22, stepped from the helm of affairs. He resigned from the post of managing director of the Gujarat cooperative Milk Marketing Federation…
Sodhi resignation — Milk industry jolted, writes RN Bhaskar
Last week delivered a shock to many in the milk industry. R.S. Sodhi, the senior-most executive of the largest milk cooperative in India accounting for a turnover of Rs. Rs 46,481 crore in 2021-22, stepped from the helm of affairs. He resigned from the post of managing director of the Gujarat cooperative Milk Marketing Federation…
No broad-based decline in food inflation yet
While food inflation fell to 4.19% in December, the lowest since January 2022, thanks to a sharp fall in prices of vegetables, edible oils, meat products and pulses, the prices of several commodities such as spices, cereals and dairy products continued to be at elevated levels amid supply contraints. While stating that sharp corrections in…
Doctor didis’ creating social capital in rural Jharkhand
In Agra village, about 45 km from Ranchi, Janu Devi, 27, dressed in her blue sari uniform, is excited about the ice box she has just received. She’s one of five pashu sakhis (friend of the animals) in Jharkhand’s Tamar block office to get the box that stores vaccination vials for goats, poultry, and pigs….
Mangaluru: Special support price of dairy farmers withdrawn
The state and also the country at large are facing a severe shortage in milk production. The Dakshina Kannada Milk Producers’ Federation is also in dire straits. In order to balance the loss, it has withdrawn Rs 1.05 from the total special support price that was being given to the dairy farmers. Earlier Rs 2.05…
Despite price increases, dairy products continued to over perform in 2022
Dairy staples like milk, yogurt, and cheese continued to dominate the dairy segment in 2022, though numbers aren’t at pre-pandemic levels yet. Still, innovations in many dairy products are helping the category see increases as 2023 approaches. In its latest report, the International Dairy Deli Bakery Association (IDDBA) showed dairy sales were up 20% at…
Sports nutrition ingredients market to double
In good and times and bad, it is difficult to match the excitement of sports. Going hand-in-hand are sports nutrition products, which are difficult to top in the dairy industry regarding future growth. According to Global Market Insights, the sports nutrition ingredients market will hit a “grand slam” from 2023 to 2032. The market size…
New SahiBnk branch unveiled in Assam for agri and dairy farmers
Manipal Business Solutions (MBS), a fintech company, unveils SahiBnk branches in Assam, under an initiative led by APART (Assam Agribusiness and Rural Transformation Project). With these stores, MBS aims to digitize the WAMUL (West Assam Milk Producers’ Co-operative Union Limited) affiliated Dairy Cooperative Societies and offers an array of banking and financial services in partnership…