As whole sale milk price simmer, dairy cos may take further hike
With the price of wholesale milk continuing to rise across the country, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities. These companies will need to focus on increasing the share of Indian value-added products to protect their profitability, analysts at the brokerage…
Teagasc forecasts milk prices to fall by 15% in 2023
A resumption in global milk production will dampen demand growth and drive down milk prices by 15% in 2023, Teasgasc has forecast. In its latest Economic Outlook for Irish Agriculture report, published today (Tuesday, December 13), Teagasc highlighted the prospects for the dairy sector in 2023. Teagasc outlined in the report that 2022 had been a challenging year…
What’s common between Amul and Parle G?
Consumers and brands alike were blindsided by the pandemic and subsequent lockdowns, but a few companies with operations outside India were slightly ahead of the curve. While the list of companies able to achieve this feat is long, for a household brand, catering to a country of 1.38 billion people, it was one of the toughest strategies to crack….
Dairy to be probed by Maharashtra Coop and Dairy development depts
The state Cooperation and Dairy Development departments are set to probe the Pune District Co-operative Milk Producers’ Association, also known as Katraj Dairy, over alleged irregularities. The dairy is controlled by leaders linked to Nationalist Congress Party (NCP) leader Ajit Pawar. According to an order issued by the state Animal Husbandry and Dairy Development department…
 Chocolates in demand amid stress, inflation: Mondelez 
Mondelez India, the country’s biggest confectionery maker, said there has been a strong volume growth in chocolate sales, bucking the slowdown trend in the overall market and indicating consumers could be turning to comfort food in a time of stress and inflation.”We see a lot of growth being fired by double-digit volume, which is quite…
EU dairy forecasts “uncertain” 2023 as milk availability is not abundant”
European dairy trading body Eucolait underscores the moral necessity of the block sharing its milk supply, albeit scarce, via free market trade at a time when societies grapple with post-pandemic headwinds, rampant inflation, supply chain shocks and the ongoing war in Ukraine. Despite the EU milk industry facing declining volumes, trade experts call for the…
Competition for dairy is from fake chemical products
“I see stability in the dairy prices and the market. There may be a small increase but the situation is tight in dairy supply because demand is much more than what the organised sector is able to meet. The pre Covid level was much higher than the pre Covid level. It is good for the…
India facing deficit of green, dry fodder: Rupala
The country is facing deficit of 23.4 per cent in dry fodder, according to the Union Ministry of Fisheries, Animal Husbandry and Dairying. In a reply in the Lok Sabha on Tuesday, Parshottam Rupala said the ICAR — Indian Grassland and Fodder Research Institute (IGFRI), Jhansi, has estimated that there is deficit of 11.24 per…
Tamil Nadu CM MK Stalin inaugurates Aavin ice-cream plant in Salem
Tamil Nadu Chief Minister M K Stalin inaugurated the state owned Aavin ice-cream factory established at a cost of Rs 12.26 crore in Salem on Tuesday. The state-of-the-art facility, virtually inaugurated by the Chief Minister from the secretariat here, can produce 6,000 pieces of ice-creams in the form of cone and cup in various flavours…
Enzyme makers Novozymes and Chr. Hansen to merge
Danish food ingredients and enzymes makers Novozymes (NZYMb.CO) and Chr. Hansen (CHRH.CO) have agreed to merge, the two companies said in a joint statement on Monday. While both companies’ main business is producing enzymes, Chr. Hansen focuses more on enzymes and microbials for the food sector, while Novozymes’ largest business areas include enzymes for household products, food and beverages…