GST on Paneer will hit the cottage industry and dairy lovers alike
1. Due to the increase in fodder and fertilizer prices, Indian dairy and cattle farmers have been barely recovering their input costs. 2.With the new GST on cottage cheese and other dairy products, meat and dairy machinery, small farmers of the cottage industry will have to bear the brunt. 3.Experts predict that consumers will also see marginal changes in the prices of milk-related…
Demand for dairy falls at global auction at GDT
The average price at the fortnightly sale fell 4.1 percent US$4360 a tonne, after falling 1.3 percent in the previous auction. The price of wholemilk powder, which strongly influences the payouts for local farmers, was 3.3. percent lower at US$3961 a tonne – the first time price have below the $4000 mark since October. NZX…
Milma demands Roll back of recently announced gst on fresh milk products
‘Move to cause severe stress on country’s strained dairy sector’ The Kerala Cooperative Milk Marketing Federation (KCMMF), known by its brand name Milma, has demanded rollback of the GST Council’s decision to impose 5% GST on relabelled and repackaged buttermilk, curd, lassi and paneer, and steeply raise the tax on dairy machinery from 12% to…
Write Down Will Only Help Us Strengthen Our Business: Devendra Shah
The previous quarters saw strong growth for the company. What has helped you, and what are your expectations for this fiscal? The economy’s gradual opening up has resulted in a good year for demand growth. All of our categories have experienced decent growth in terms of both volumes and value. We expanded our beverage category…
World Bank to discuss NDP-II project next week
The second phase of the National Dairy Plan (NDP-II), which will focus on supporting smaller milk unions to strengthen their marketing efforts and tackling adulteration in milk, is likely to be finalised soon. NDDB Chairman Meenesh Shah said the World Bank mission would be in Anand during the second week of July to discuss the…
USDA says EU milk production has peaked… and is shrinking
EU milk production peaked in 2020, according to analysis by the US Department of Agriculture. USDA analysts said milk deliveries from dairy farms declined in 2021, and they predicted it will fall further this year, and in 2023 and later years, when the new Common Agricultural Policy (CAP) and the accompanying Farm to Fork Strategy…
Prices of Curd, Lassi and Buttermilk likely to rise after imposition of 5% GST
In the 47th meet, the GST Council chaired by Finance Minister Nirmala Sitharaman under withdrawal of exemptions, said, “hitherto, GST was exempted on specified food items, grains, etc when not branded, or right on the brand has been foregone. It has been recommended to revise the scope of the exemption to exclude from its prepackaged and pre-labeled…
Sales of HUL Kwality Wall’s ice cream back to pre pandemic levels
Hindustan Unilever Ltd’s (HUL) ice cream business under the umbrella brand Kwality Wall’s is back to pre-pandemic levels, thanks to the prolonged summer this year. In an interview, Srinandan Sundaram, executive director, foods and refreshment, HUL, spoke about the surprise business recovery, increased focus on home delivery channels and an eye on viable acquisitions. Edited…
How to stay cool as competition heats up in ice cream and yogurt
The average American consumes more than 16 pounds of ice cream each year—but the shopping preferences for American consumers are anything but average. Shoppers are likely to be struggling with new and conflicting priorities every time they walk down the freezer aisle. Consumers may feel that their families deserve a special treat during a stressful time,…
Goa Dairy struggles and forced to stop FCM and Cow milk supply
The Curti-based Goa Dairy is yet to come out of the morass that it has been for the last your years. In fact, the dairy is heading for more troubles as its milk sales are dwindling and its cattle feed plant has been out of action for a week. Milk sales of the dairy have…