Page 3 - Dairy Industry

US files formal trade complaint against Canada over dairy restrictions

US is challenging Canada's dairy tariff-rate quota allocation measures, which deny allocation access to eligible applicants, including retailers, foodservice operators, and other type of importers

India should keep dairy products out of all free trade pacts: Balyan

Three of the regions India is said to be in trade talks with are significant milk producers themselves; Balyan also bats for further hike in milk procurement prices

World Dairy Summit 2022 to be held in person in Delhi in September

After a two-year recess due to the Covid-19 pandemic, the 2022 edition of the Summit will be held in person from September 12-15, the IDF announced

Banas dairy project progress is good move towards 'local to global': Modi

Prime Minister Narendra Modi is currently on a three-day visit to his home state since Monday to inaugurate a slew of development projects

Dodla Dairy acquires Krishna Milk for Rs 50 crore to expand business

Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business. In a regulatory filing, Dodla Dairy informed that the company has executed an agreement with Sri Krishna Milks Pvt Ltd for the acquisition of business as a "going concern" and on a slump purchase basis for consideration of Rs 50 crore. The deal is expected to be concluded in around two months from the date of the acquisition. The consideration would be in the form of cash. Krishna Milks Pvt Ltd (SKMPL), incorporated in 1989, was the first private sector dairy company in Karnataka. SKMPL is mainly into procuring milk, manufacturing, and selling dairy products. Its turnover in 2020-21 was Rs 67.27 crore.

India's organised dairy industry to see 12% revenue growth in FY22: Report

Steady demand for both VAP and liquid milk is likely to lead to 5-6% growth next fiscal as well in line with the pre-pandemic trend: Crisil Ratings report

Dairy giant Amul to set up Rs 500 crore plant in Telangana

The plant will come up in a special food processing zone with an investment of about Rs 300 crore in first phase and Rs 200 crore in second phase.

Organised dairy players to gain from recent PLI scheme: Report

The scheme offers incentives based on sales growth based on investment incurred by companies between FY22 and FY27

Dairy industry in India to grow by 9-11% in FY22, says report

The dairy industry is expected to grow by 9-11 per cent in 2021-22, driven by a revival in economic activities, increasing per capita consumption of milk and milk products, according to a report

Parag Milk Foods third quarter net profit dips 59% to Rs 11.21 crore

Dairy company Parag Milk Foods on Friday reported a 59.35 per cent decline in net profit to Rs 11.21 crore for the third quarter ended December 2020

IFC to fund Parag Milk's working capital needs, long-term expansion plans

Parag was established in 1992 and is one of India's largest dairy companies

ITC plans to take fresh dairy business deeper into West Bengal and Bihar

The firm's fresh dairy products are available in 24 cities in Bihar, while in Bengal, it has tapped Kolkata

This IITian and ex-Infy techie is creating India's first kiddie dairy brand

Gaurav Haran's firm has launched its Nutrinos brand of yoghurt in three flavours, and will soon be coming out with cheese-based snacks and flavoured milk as well

Store or share? Dairies look for best options to dispose of surplus milk

Distributing surplus milk through the PDS mechanism for the poor and vulnerable is one suggestion.

Milk Mantra plans expansion, in talks to acquire dairy plant in Kolkata

At present, the company has two dairy plants at Puri and Sambalpur in Odisha with a processing capacity of 300,000 litres per day

Dairy decline

Milk farmers need support to deal with demand slump

Say cheese! Dairy brands increasingly turning to chefs to whip up recipes

Heritage Foods, Amul, and Parag Milk have chef-run campaigns to bring down marketing cost by a tenth

Govt will protect milk sector's interests under RCEP, says Amul MD

Amul Managing Director RS Sodhi told PTI he had a discussion with Goyal on RCEP on Wednesday

India must take a leaf out of China's book and prepare its economy for RCEP

The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan

Opposition to RCEP grows within government, now from dairy ministry

Steel, chemicals, MSME and agri ministries have also opposed deal