Dairy start-up Mooofarm raises $13 m in Series A funding
Mooofarm, an agtech company and dairy start-up, has raised $13 million funding in Series A led by Aavishkaar Capital. According to a statement, the investment round also saw participation from Accel Partners, Aditya Birla Ventures, Rockstart, Navus Ventures and Alteria Capital. It said the company will use the fresh investment to scale up its operations…
Britannia aims to grow cheese business to ₹1,250 cr in five years
Britannia Industries, which announced a joint-venture with French cheesemaker Bel Group earlier this week, aims to scale up its packaged cheese business by 5x to about ₹1,250 crore over the next five years. “Our first target is to grow the cheese business by 5x over the next five years. We currently have a cheese business of about ₹250 crore. We believe, with this partnership, we will be able to significantly…
Gujarat’s Amul model dairy structure is struggling to survive today
The frown on Raiben Patel’s face made it clear that her patience was running thin as her husband Amrutbhai Patel spoke about business. “You will never understand how hard we work,” she told me. “We start at four in the morning everyday, yet it doesn’t seem to be enough.” Raiben and Amrutbhai Patel are farmers….
Cheese sales drive U.S. dairy consumption growth
Total domestic consumption of milk in all products returned to positive annual growth during the third quarter, for the first time since early this year. Strengthened use of all cheese was a key driver of this positive development. Meanwhile, U.S. dairy export volumes backed off a bit during the third quarter from their record pace…
China Excellent Milk Project Attracts the Attention of World Dairy Industry
Recently, The 7th International Symposium on Dairy Cow Nutrition and Milk Quality and The 4th China Excellent Milk Project Pasteurized Milk Development Forum organized by Institute of Animal Sciences, CAAS, Institute of Food and Nutrition Development, MARA, Dairy Association of China, American Dairy Science Association, Ministry for Primary Industries of New Zealand and Danish Veterinary and Food Administration…
Mysuru farmers demand milk procurement at ₹40 a litre
Even as milk price was recently hiked by ₹2 a litre, farmers in Mysuru are demanding that the procurement price should be increased to ₹40 a litre. Karnataka Rajya Raithas Sangha (KRRS) activists on Monday met Chief Minister Basavaraj Bommai, who is on a day’s visit to Mysuru and Nanjangud, and sought the hike. They…
Regional milk union to help farmers who lose milch animals
The Ernakulam Regional Cooperative Milk Producers’ Union (ERCMPU) will come to the aid of dairy farmers who lose milch animals or heifers but have no insurance cover for the animals. ERCMPU chairman M.T. Jayan said on Tuesday that financial support for dairy farmers, which would work like an insurance cover for those losing animals, was…
Study costs involved in milk production and fix procurement price
Milk producers, distributors and retailers have called for adequate compensation for everyone involved in the production and supply of Aavin milk. This should be done after a detailed study of the expenses involved, said M.G. Rajendran, member of the Tamil Nadu Milk Producers’ Welfare Association. Aavin had recently increased the procurement prices but this had…
Heat stress crimping summer milk output: Study
Increasing spells of summer heatwave in northwestern India, thought to be linked to climate change, are hurting milk productivity, or output per cattle, while raising costs of production for farmers. Increasing spells of summer heatwave in northwestern India, thought to be linked to climate change, are hurting milk productivity, or output per cattle, while raising…
Further price increases pose threat to UK meat and dairy demand – AHDB
Nine in 10 consumers have noticed the price of food increasing in supermarkets, with 62% concerned about food costs (AHDB/ Blue Marble Trust Research 2022), according to AHDB Senior Retail Insight Manager Kim Heath. This will come as no surprise as food and non-alcoholic beverage inflation hit 14.6% in September (ONS). Economics dictates that as a general…