Amul group’s turnover crosses Rs 72,000 crore in 2022-23
The group turnover of Gujarat Co-operative Milk Marketing Federation Ltd — the umbrella body of milk cooperatives that markets Amul brand of milk and dairy products — crossed Rs 72,000 crore for the year 2022-23. On a day when GCMMF hiked the prices of milk across the state, the body in a statement said the demand for […]
Amul marketer launches fixed-price edible oil pack to beat inflation
In a disruption to the edible oil retailing, cooperative major Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) has launched a fixed-price retail pack of refined cottonseed oil for ₹100. The Amul marketer GCMMF sells six variants of edible oils under the brand ‘Janmay’. never-tried-before This new initiative, according to the dairy major, will make the edible oil […]
Baroda Dairy’s board refutes allegations of corruption, nepotism
For the first time, the board of directors of the Baroda District Co-operative Milk Producers Union Limited (BDCMPUL) popularly known as Baroda Dairy came out in the open to counter allegations levelled against its management by Savli’s BJP MLA Ketan Inamdar. In a scathing attack for the past week, Inamdar has levelled a series of allegations alleging corruption […]
Four of Congress’s Amul Dairy directors join BJP in Gujarat
In a setback to the Congress, four directors of Amul Dairy—formerly Kaira District Cooperative Milk Producers Union—belonging to the party joined the BJP in presence of state president C R Paatil in Gandhinagar on Saturday, bringing down the party tally to three. The four Amul directors are from Anand and Kheda districts— Gautam Chauhan (Mehmedabad), Sita Chandu […]
Milk prices may continue to rise until Diwali says RS Sodhi
On the day Amul hiked milk prices, RS Sodhi, the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) which owns the Amul brand and president of the Indian Dairy Association, told CNBC-TV18 that he believes costs will continue to rise until Diwali this year. He said he expects milk production to start increasing again by winter. […]
Amul hikes milk prices by ₹3 per litre; Gujarat exempted
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name ‘Amul’, on February 3, 2023 increased the prices of milk by ₹3 per litre for all markets except Gujarat. Jayen Mehta, Managing Director of the Anand-headquartered federation, said the hike in milk prices is not applicable to Gujarat. Times […]
In Gujarat’s dairy world, BJP gets the cream of the crop
Seventeen years ago, an anguished Dr Verghese Kurien, pre-empting his removal, had stepped down as founder-chairman of the Gujarat Cooperative Milk Marketing Federation (GCMMF) — the umbrella body of dairy co-operatives based in Anand that owns the iconic Amul brand. Announcing his resignation on March 6, 2006, at the Indian Institute of Rural Management (IRMA), another institution he […]
Amul elections: Shamal Patel to continue as GCMMF chairman
Shamal Patel was re-elected as the chairman of Gujarat Cooperative Milk Marketing Federation (GCMMF), the umbrella body of milk cooperatives in Gujarat which owns the brand Amul, Tuesday. Valamji Humbal was also elected as the GCMMF vice-chairman for the second time in the election that took place in Anand in presence of the heads of all […]
The good cooperative
Companies are investor-owned entities that exist primarily to maximize their return on capital. This is reflected in the value of their shares, whether traded on an exchange or not. The investor-owner ultimately seeks capital appreciation and the highest possible price for the shares he wishes to sell or pledge to raise further funds. Cooperatives, on […]
Amul, NAFED among promoters of New national export cooperative
The proposed national multi-state cooperative export society, to be established under the Multi State Cooperative Societies (MSCS) Act, 2002, will have a paid-up capital of Rs 2,000 crore, a top official at the Union Ministry of Cooperation said Thursday. The official said the proposed export cooperative will have five promoters — Gujarat Cooperative Milk Marketing […]