WORLD DAIRY NEWS Weakening demand in China to ripple in dairy markets
The Global Dairy Trade Index has fallen 11% since April following rapid increases this winter as demand is called into question amid lockdowns across multiple Chinese cities. Rabobank expects the market will carefully monitor the situation in China for signs of further weakening demand. The move downwards of the GDT Index puts it back down…
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in…
World milk day celebrated at Dr V Kurien Center of Excellence, IRMA
On the occasion of World Milk Day, 1st June, the Verghese Kurien Centre of Excellence at IRMA organized a virtual technical session on ‘Challenges and Opportunities for Indian Dairy Industry’. The dairy stalwarts discussed important issues related to Indian Dairying. Dr JB Prajapati gave a welcome speech on behalf of Director, IRMA and set the…
Twice a day take some probiotic- Dr N K Ganguly at PSMC
On 23rd May, Verghese Kurien Centre of Excellence, IRMA organized an expert lecture and interactive session with Padma Bhushan Dr Nirmal Kumar Ganguly at Pramukh Swami Medical College, Bhaikaka University. Professor Ganguly is the President of Gut Microbiota and Probiotic Science Foundation of India. He is a former Director General of Indian Council of Medical Research…
War continues to impact dairy commodities market: Maxum Foods analysis
Analysis from Maxum Foods has showed that dairy commodities continue to feel the effects of the war in Ukraine, high temperatures and the rising cost of living for consumers. The prices of dairy commodities are expected to stay strong in the EU but for Australia the cost of milk powder and fat will go down…
New Zealand’s plan to tax cow and sheep burps-FAQs
New Zealand has a strange problem at hand – burping livestock. For a rather unusual issue, it has an unusual solution. The country has unveiled a plan to tax sheep and cattle burps. Why is New Zealand taxing burps? When these animals burp, they release methane. And the plan has been put into place to…
Dairy companies to further increase their prices in first half of Fy 23
Milk prices could remain high in the current financial year on account of the high global prices of skimmed milk powder and cattle feed. This could prompt dairy companies to hike prices further in the first half of the financial year, analysts at ICICI Securities said in a note on Friday. “All the dairy companies…
New study associates dairy milk intake with greater risk of prostate cancer
Men with higher intakes of dairy foods, especially milk, face a significantly higher risk of prostate cancer compared to men with lower intakes, according to a new study conducted by researchers at Loma Linda University Health. The study found no such associations between increased prostate cancer risk and intake of non-dairy calcium, suggesting substances other…
Rabobank forecasts decline in demand for dairy products
Rabobank’s response to “Are we there yet?,” referring to peak milk powder prices, is yes. It appears that global milk powder prices peaked during 1H 2022. While milk production is in the middle of a significant slowdown, set to last at least four consecutive quarters (from Q3 2021 to Q2 2022), weakening demand expectations are…
Indian dairy major Amul ‘urges government to delay plastic straws ban’
Amul, India’s largest dairy business, has reportedly written to the country’s government urging it to delay a planned ban on small plastic straws, which is due to come into effect on 1 July. News agency Reuters reported it had seen the letter sent by Amul managing director R.S. Sodhi to Prime Minister Narendra Modi’s office on 28…