Fonterra ends joint venture in India citing Covid-19 disruptions
Dairy co-operative Fonterra has announced it’s winding down a joint venture in India, saying Covid-19 has caused significant disruption to the market. The 50-50 joint venture got underway in 2018 and involved the country’s largest consumer retail company – Future Consumer Limited. It saw Fonterra launch the Dreamery Brand , which included a range of…
India-Aus CECA and the dairy saga: The dairy farmers needs protection
The India visit of the Australian trade minister in February 2022 has expedited the early harvest trade deal between both countries. An interim agreement which is expected in about a month’s time would be a major leap towards the signing of a Comprehensive Economic Cooperation Agreement (CECA) between India and Australia later this year. In…
India-Aus CECA and the dairy saga: The dairy farmers needs protection
The India visit of the Australian trade minister in February 2022 has expedited the early harvest trade deal between both countries. An interim agreement which is expected in about a month’s time would be a major leap towards the signing of a Comprehensive Economic Cooperation Agreement (CECA) between India and Australia later this year. In…
French food group Danone unveils new targets under strategic plan
French food group Danone pledged to step up investments behind its brands and actively rotate its asset portfolio, as it seeks to boost revenue in a new strategy plan led by new boss Antoine de Saint-Affrique. Saint-Affrique, who took over as chief executive of the world’s largest yogurt maker in September, said in a statement…
Russia-Ukraine war in world’s ‘breadbasket’ threatens food supply
The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region known as the breadbasket of the world. Ukrainian farmers have been forced to neglect their fields as millions flee, fight or…
Russia-Ukraine war in world’s ‘breadbasket’ threatens food supply
The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region known as the breadbasket of the world. Ukrainian farmers have been forced to neglect their fields as millions flee, fight or…
The story of Osam Dairy : From bankruptcy to Rs 225 cr business!
When three friends from Jharkhand`s Ranchi ditched their well-paying corporate jobs, excellent career prospects and a steady roof above, to start a dairy farm, everyone warned them about the precarity of owning a challenging business. While some said that their venture would never take off, others advised them to go back to their cushy jobs…
DAIRY NEWS Dairy farmers urge Tamil Nadu govt to hike Aavin milk price
The Tamil Nadu Milk Producers Welfare Association (TNMPWA) urged the State government to increase the price of Aavin milk and procurement price pointing out that private firms increased them. M G Rajendran, general secretary of TNMPWA, said, “Aavin procures 31 lakh litres of milk daily and sells 28.5 lakh litres. Private milk firms increased the…
Pregnant women in China, Vietnam, UK exposed to formula milk marketing
A World Health Organization (WHO), United Nations Children Emergency Fund (UNICEF) and M&C Saatchi report has revealed that pregnant women in China, Vietnam and the United Kingdom are exposed to “aggressive” formula milk marketing campaigns. These marketing campaigns breach global rules set up after scandals more than 40 years ago. Titled “How marketing of formula…
Amul expects an 18 % growth in its sales in FY22 to around Rs 46,000 Crs
India’s leading dairy cooperative GCMMF, which markets dairy products under the Amul brand, is expecting an 18 per cent growth in its turnover this fiscal year to around Rs 46,000 crore on better demand, its Managing Director R S Sodhi said. Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) had posted a marginal growth of 2 per cent…