DAIRY NEWS Retail price of milk in India has increased by 12% in an Year
Milk is ubiquitous in India — from the morning glassful that most middle class school kids glug to its use in Hindu religious rituals. Now it could become a headache for Prime Minister Narendra Modi’s government as prices soar. The average retail price of milk in India has increased by 12% from a year ago…
India To Protect Interests Of Dairy Sector In EU-FTA: Piyush Goyal
India will completely protect the interests of farmers and dairy sector in the proposed free trade agreement (FTA) with the European Union, commerce and industry minister Piyush Goyal has said. He was here on an official visit to hold discussions with leaders and the private sector on ways to further enhance trade and investment ties…
Retail price of milk in India has increased by 12% in an Year
Milk is ubiquitous in India — from the morning glassful that most middle class school kids glug to its use in Hindu religious rituals. Now it could become a headache for Prime Minister Narendra Modi’s government as prices soar. The average retail price of milk in India has increased by 12% from a year ago…
India’s potential dairy fat demand creates uncertainty
According to multiple market sources, India is currently running short of butter and clarified butter (ghee/anhydrous milk fat (AMF)). In a meeting last week, the Indian government announced it was considering whether to import ghee and AMF, or butter. If the government decides to come into the market, then the dairy fat market may find…
Amul converts complete range of Buttermilk into probiotics
The commodity segment has driven the maximum business growth for Amul and given the company surpluses with double-digit volume growth coming from across categories, says Jayen Mehta. The MD of Amul spoke to e4m Editor Naziya Alvi Rahman about the brand’s big launches this year, expansion to newer countries and his turnover plans for the…
Milma resents entry of Nandini milk brand in Kerala
The Kerala Cooperative Milk Marketing Federation (KCMMF), known by the brand Milma, has voiced serious concern over the tendency of some State milk marketing federations to aggressively enter markets outside their respective States, holding that this involved a breach of the cooperative spirit based on which the country’s dairy sector has been organised for the…
Purabi Dairy targets 50pc revenue increase to Rs 300cr in FY’24
The West Assam Milk Producers’ Co-operative Union Ltd (WAMUL) on Thursday said it is aiming to clock a 50 per cent jump over its 2022-23 revenue to around Rs 300 crore in this fiscal. The business of the Guwahati-based cooperative, which markets milk and milk products under the Purabi Dairy brand, crossed Rs 200 crore…
Milk cooperatives indulged in market distorting tactics
The new controversy in election-bound Karnataka is, surprisingly, around two large and successful dairy cooperatives —Amul (brand owned by Gujarat Cooperative Milk Marketing Federation, GCMMF) and Nandini (brand owned by Karnataka Milk Federation, KMF). The debate seems to have been kick-started by two events: a statement in December 2022 that if Amul and Nandini work…
Will China continue the downtrend in dairy demand?
China plays a vital role in setting price direction on global dairy markets. During recent times, they have been buying less amid high imports in 2021 and comfortable domestic milk supplies. Farmgate milk prices have been declining in recent months in response to weaker global market prices. While milk production has improved, the reduction in…
Amul’s price revision is a battle against soaring costs
Gujarat’s Amul has courted controversy as a ‘challenger’ to Karnataka’s homegrown Nandini, but the dairy giant is struggling due to rising costs, farms shutting down. Shibam Dairy in Gopalpura village in Gujarat’s Anand district. It is owned by a businessman who invested Rs 11 cr five years ago, but is still waiting to see profits…