Page 2 - Dairy Industry

After Amul, Mother Dairy hikes milk price by Rs 2/litre; Check latest rates

Mother Dairy's full cream milk is now priced at Rs 68 per litre, while toned and double-toned milk are available at Rs 56 and Rs 50 per litre

Govt plans to enlist dairy, fishery co-operatives in rural banking outreach

The government is planning to launch a nationwide programme to rope in dairy and fishery cooperative societies as banking correspondents to expand financial services in rural areas, a top official said on Wednesday. Ministry of Cooperation Secretary Ashish Kumar Bhutani said the programme would leverage the existing network of dairy and fishery cooperatives to act as "bank mitras" or banking agents by offering services such as micro-ATMs and lower-interest farm loans. "The pilot has been rolled out at the state level in Gujarat. We intend to nationally roll out shortly," Bhutani said while addressing a cooperative summit organised by PHDCCI here. The plan follows a pilot project launched in two districts of Gujarat where members of dairy and fishery cooperatives were able to access banking services closer home, including doorstep delivery of microloans and facilitating other transactions. Under the nationwide programme, these cooperative societies will be engaged as banking ...

Amul milk launches in US: Key details of its new products and history

Amul has tied up with 108-year-old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market

India to produce 30% of world's milk by 2030, says NDDB chief Meenesh Shah

Talking about the uses of renewable energy in the dairy sector, the Chairman and Managing Director of NDDB said that, the NDDB is trying to become a net-zero dairy by 2050 or 2070

Mother Dairy expands milk portfolio with launch of buffalo milk variant

The company expects this segment to grow by 10 per cent year-on-year and achieve total volume sales of two lakh litres per day (LLPD) from the variant by March next year

DGV raises $6 million in funding round led by Omidyar Network India

Startup will use money to improve technology and expand business in states

Strong demand to boost revenue of dairy industry by 14-16% in FY24: CRISIL

Strong demand for value added products and stable consumption of liquid milk will lead to a 14-16 per cent revenue growth for the organised dairy industry in 2023-24, a report said on Thursday. With raw milk supply improving, there will be fewer price hikes and profitability will recover 20-50 basis points, Crisil Ratings said in the report. "We believe the strong revenue growth in VAP (Value Added Products) seen over the past few years will continue. This fiscal, the segment should grow 18-20 per cent and consequently, the share of VAP in overall revenue could rise to 40 per cent from 35 per cent four fiscals back," Crisil Ratings Senior Director Mohit Makhija said. He also said that given that demand from both retail and institutional segments remained strong, the share of VAP will continue to rise and on the other hand, liquid milk revenue will grow 8-10 per cent this fiscal backed by steady demand. Further, the report said that in the last fiscal, disruptions in raw milk supply

Cooler summer halts the dairy crisis, industry looks at a turnaround

What has caused this transformation and will it last? Milk industry veterans point to a couple of factors for this U-turn

India not to import butter, other dairy items; to tap local supply: MoS

Union minister Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. "There is no truth in it (shortage of dairy products). No import will take place," Rupala, who is incharge of ministry of fisheries, animal husbandry and dairying, told reporters on the sidelines of an event. He said there is no shortage of milk in the country and the government is regularly monitoring. "The demand has increased. We have huge untapped area, we will try to tap that...We will manage it properly and there is no need to worry," he said and urged farmers and consumers not to worry about it. On rise in retail prices of dairy products, the minister said there is no need to worry about the prices. Farmers are getting good rates.

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Row over Bengaluru entry: It's always been Amul & Nandini, says Jayen Mehta

Amul products will only be sold on e-commerce and not through the general trade

Stagnant milk output: Dairy imports may be allowed after a decade

India usually imports high-value milk products but not mass-consumed items

Amul India's former MD Sodhi joins Reliance Retail's grocery division

R.S. Sodhi, former managing director of India's largest dairy brand Amul, has joined the grocery division of Reliance Industries retail unit, a person with direct knowledge of the matter told Reuters

Tech is key to develop animal husbandry, fisheries: Parshottam Rupala

Union Minister Parshottam Rupala on Tuesday stressed the need for technology intervention in the animal husbandry, fisheries and dairying sectors. Speaking after participating as chief guest at the 'Grand Startup Conclave' on Animal Husbandry and Dairy here, Rupala said technology intervention in the field of animal husbandry and fisheries will play a crucial role in productivity. "I feel that animal husbandry and fisheries started even before agriculture. Now, it is very important that there should be technology intervention in these sectors. This is an open invitation for the youth to join and make technology intervention in animal husbandry, fisheries and dairying," said Rupala, who is Union Minister of Fisheries, Animal Husbandry and Dairying. Union Minister of State for Fisheries, Animal Husbandry and Dairying L Murugan said there were very few startups before 2014. "After Prime Minister Narendra Modi took initiatives, now we are third in the world and reached one lakh startup

Cabinet approves plan to set up 2 lakh PACS, dairy, fishery cooperatives

Seeking to strengthen the cooperative movement in the country, the union Cabinet on Wednesday approved setting up of 2 lakh Primary Agriculture Credit Societies (PACS) and dairy-fishery cooperatives in uncovered villages and panchayats over the next five years. At present, there are around 63,000 functional PACS in the country. The Cabinet approved steps to strengthen the cooperative movement in the country and deepen its reach up to the grassroots. The plan is to establish PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives in each coastal panchayat/village as well as panchayat/village having large water bodies. The initial target is to establish 2 lakh multipurpose PACS/dairy/fishery cooperatives in the next five years, I&B Minister Anurag Thakur said at a Cabinet briefing. The plan will be implemented with the convergence of various schemes by leveraging the 'whole of government' approach. The proposal

Amul's utterly butterly supply melts; eateries switch to alternatives

Consumers across the country have reported a shortage of Amul butter in the market

Britannia Industries enters into a JV with French cheese maker Bel SA

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

Dairy industry revenue likely to witness 12-14% growth in FY23: Report

The strong revival of the hotels, restaurants and catering (HoReCa) segment and the increase in retail prices are likely to help the dairy industry achieve 12-14 per cent revenue growth this fiscal, according to a report. Indian dairy companies are estimated to achieve revenue growth of 12-14 per cent in FY23 on a year-on-year basis, backed by a strong revival in demand, especially the HoReCa segment and an increase in retail prices, Icra said in a report on Thursday. However, the operating profit margins are expected to contract by 120-160 bps on a year-on-year basis as the retail price hikes are expected to provide only partial support to the input cost pressures, it added. Icra expects the industry to maintain a stable credit profile, supported by a favourable demand outlook and moderate debt levels. Milk production yields in the first half (H1) of FY23 were hampered by the prevalence of Lumpy Skin Disease (LSD), notably among cows in the northern states. Although a successful

PM Modi to inaugurate World Dairy Summit on September 12 in Noida

The technical sessions will be presided over by union cabinet ministers

Is it time to sell dairy stocks?

Dairy companies continued to disappoint investors with dismal profits in the recently concluded quarter as high input costs eroded the sector's margins. Find out the likely trajectory for the sector