Amul to start work on 20 LLPD milk processing unit in Saurashtra
Amul marketer Gujarat Cooperative Milk Marketing Federation Limited (GCMMF) will soon start work on a new 20 lakh litres per day (LLPD) milk processing plant near Rajkot, creating additional processing capacity in the region. Prime Minister Narendra Modi is likely to virtually perform the ground-breaking for the ₹500-crore plant next week. Supply issues The plant, considered…
Amul hikes milk prices by Rs 2 per litre, except in poll-bound Gujarat
Amid the festive season, The Gujarat Cooperative Milk Marketing Federation Ltd, which markets its products under the Amul brand, hiked the rates of milk by Rs 2 per litre. The price of full cream milk has increased from Rs 61 per litre to Rs 63 per litre, which is expected to impact household budgets. Amul has also…
Danone to shed Russian dairy business with 1 bln euro write-off
French food company Danone (DANO.PA) will shed control of its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euros ($978 million), it said on Friday. Joining a lengthening list of global companies making costly exits from Russia over the war in Ukraine, Danone will be offloading a business…
India’s ever-growing sustainable, plant-based food industry
In the Indian market, the consumer base for the plant-based food is increasingly millennials who want to incorporate more sustainable and suitable plant or healthy products in their everyday lives. As plant-based eating continues to gain popularity in the nation, there was a substantial increase in the number of vegan products introduced last year, according…
Will cell-based milk change the dairy industry? Turtle Tree Lab will
Cows are out—at least as far as milking goes. The replacement: cell-based milk. The company says it is able to create raw milk using cells from mammals. The cells are then grown in TurtleTree’s labs and milk is ultimately produced. In giant bioreactors, the cells stick to tiny straws, the fluid is then drawn through the straws,…
Fate of over thirty crore cattle hangs by a thread under fodder crisis
India has a fodder problem and the fate of over thirty crore cattle hangs by a thread, as fodder prices sharply increase and rumours of worsening shortages spread like wildfire in the farms. The government held emergency meetings in which it declared there are “no shortages”, but it is an open secret that India has a…
Milma planning to hike milk price by Rs 4 per litre
Milma is considering to increase the price of milk by next year in view of the surge in production cost. Sources said the demand is to hike the price by at least Rs 4 per litre. “A two-member committee has been set up to study the hike required and to find its division between farmers…
Protests across the state if the milk support prices not raised in Karnataka
The Sahakara Bharathi Udupi district unit has urged to raise the milk support price according to the cost of production to at least Rs 10. Sahakara Bharati district unit convener Sanoor Narasimha Kamath, speaking here in the press conference, said that the production cost of milk has been increasing due to floods, drought, natural calamities…
Dvara E-Dairy, Jana SFB jointly launch cattle loan service for farmers
Dvara E-Dairy Solutions has launched Dvara Surabhi Loan, a cattle loan offered digitally by leveraging new-age technologies in partnership with Jana Small Finance Bank to create scalable access to finance for unbanked and underbanked small dairy farmers in Tamil Nadu and Karnataka. The Dvara E-Dairy Cattle Loan offers tailored loan products for dairy farmers towards cattle purchase and…
Investors in a2 Milk have unfortunately lost 54% over the last three years
While not a mind-blowing move, it is good to see that the The a2 Milk Company Limited (NZSE:ATM) share price has gained 24% in the last three months. But that doesn’t change the fact that the returns over the last three years have been disappointing. Indeed, the share price is down a tragic 54% in the last…