Dairy exporter Fonterra to invest $2.7 bln to grow and cut emissions
Fonterra Co-Operative Group Ltd , the world’s biggest dairy exporter, said on Monday it would invest about NZ$4 billion ($2.72 billion) by 2030 to move milk into higher value products, pursue growth, and reduce emissions. The New Zealand-based firm expects to return NZ$1 billion to investors over the next decade on the back of asset […]
Sales of liquid milk to grow 4-5 pc in FY21
Even as institutional sales for dairy products have been impacted due to COVID-19 related disruptions, liquid milk sales are expected to grow by 4-5 per cent in 2020-21, while those of value added dairy products (VADP) will remain flat, according to a report. The COVID-19 pandemic and the lockdowns globally impacted the dairy supply chain, […]
Heritage foods net profit jumps from 11Cr to Rs 54 crores in second quarter
Heritage Foods Ltd, one of the leading private dairy players in India, has announced its financial results for the second quarter ended September 30, 2020. The consolidated revenue from operations was at Rs 610.03 crore. EBIDTA rose 258 per cent to Rs 88.99 crore in the second quarter as compared to Rs 24.18 crore in […]
Gujarat’s dairies converted the excess milk into value-added dairy products
The national lockdown to curb the spread of Covid-19 has had a drastic effect on the Indian economy. Many sectors, including dairy, have been affected. For ensuring smooth supply of essential commodities such as medicines, fruits, vegetables and milk, the government relaxed the transportation norms associated with these services. Dairy business in India is a […]