Page 2 - Dairy Sector

Milk price rise: Will dairy stocks milk gains for investors? Analysts weigh

Analysts believe the momentum in dairy stocks such as Dodla Dairy, Heritage Foods, Hatsun Agro is here to stay

Nandini milk price up by Rs 2 from June 26, quantity enhanced by 50 ml

The Karnataka Milk Federation (KMF) on Tuesday announced a hike in milk prices with effect from June 26, but it also said it would be enhancing the quantity of milk in its half and one litre packets by 50 ml. This comes days after the Karnataka government hiked sales tax on fuel, following which petrol prices have gone up by Rs 3 per litre and diesel by Rs 3.5 per litre in the state. "As it is the current harvest season, the storage of milk in all district milk unions is increasing every day and the current storage is close to one crore litres. In this background, the price of each packet is being increased by Rs 2 with an additional 50 ml of milk being given to the consumers only for each half liter (500ML) and one liter (1000ML) packets," KMF said in a statement. Currently, the 500 ml toned milk packet of Nandini costs Rs 22. With this hike, the 550 ml packet will now cost Rs 24. Similarly, the 1000 ml (1 litre) packet was priced at Rs 42 and will now be sold as 1,050 ml at Rs ...

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

Heritage Foods Q3 results: Profit surges 96% on strong dairy demand

Earlier this month, analysts at HDFC Securities said the demand for organised dairy products in India is going up due to rising income and a preference for healthier options

Akshayakalpa Organic announces new, modern dairy facility near Chennai

The facility is equipped with modern-day technology and has an impressive installed capacity of processing 40,000 litres of high-quality organic dairy products daily

Gujarat dairy sector booming as 3.6 mn farmers get Rs 200 cr: Officials

Gujarat's focus on animal husbandry has contributed significantly to the prosperity of the state's people as 36 lakh milk producers collectively receive Rs 200 crore daily from the Gujarat Cooperative Milk Marketing Federation (GCMMF), officials said. The dairy sector in the state has grown to Rs 1 lakh crore, they said. The upcoming 10th edition of the Vibrant Gujarat Global Summit, to be held in Gandhinagar between January 10 and 12, will provide a platform for the government to showcase the state's exponential growth in agriculture, horticulture and animal husbandry, Chief Minister Bhupendra Patel has said. As per a statement issued by the government, the agriculture, horticulture and animal husbandry sectors in the state are experiencing significant growth through a combination of natural farming and advanced technologies, contributing to the circular economy of Gujarat and advancing its global reputation in the dairy sector. "The upcoming Vibrant Gujarat Summit 2024 will showc

Growth in milk output slows in FY23 due to various diseases, LS informed

Milk production growth rate slowed down to 3.83 per cent last fiscal year due to diseases like Lumpy Skin Disease, Parliament was informed on Tuesday. In a written reply to Lok Sabha, Union Minister of Fisheries, Animal Husbandry & Dairying Parshottam Rupala said, "Annual growth rate of milk production in the country has come down to 3.83 per cent in the year 2022-23 from 5.77 per cent during the year 2021-22." Milk production stood at 230.6 million tonne in 2022-23, 222.1 million tonne in 2021-22 and 210 million tonne in 2020-21. However, he said, as per the latest statistics released by Food and Agriculture Organisation (FAOSTAT) of the United Nations, India maintains the position of the largest producer of milk in the world. "Diseases like Lumpy Skin Disease (LSD) was the main reason behind the slower growth of milk production in 2022-23," Rupala said.

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

Karnataka's dairy brand Nandini puts on hold its Kerala expansion plan

Popular Karnataka dairy brand Nandini, which opened a few of its outlets in Kerala recently, has decided to put on hold its expansion plan in this southern state. Kerala Minister for Animal Husbandry, Dairy Development, and Milk Cooperatives J Chinchurani said she has received information in this regard from the CEO of the Karnataka Milk Federation (KMF), which uses the trade name Nandini. "Information has been received from the CEO that Nandini will not open new outlets in the state for the time being," the minister told reporters here. Welcoming the KMF's decision, Chinchurani said this shift has come in the wake of change of government in Karnataka following the victory of the Congress. She also said the state wanted the milk and milk products of the Kerala Cooperative Milk Marketing Federation's (KCMMF) Milma. The CPI (M)-led LDF government in Kerala had recently expressed concern over the entry into the state of milk and dairy products from Karnataka's Nandini. The Kerala ..

Milk shortage was created and no crisis anywhere: Parshottam Rupala

Briefing the media on the Modi government's achievements during the last nine years, Rupala said the sector is likely to grow at 7 per cent in 2023-24 against over 6 per cent in 2022-23

Shah holds meeting with NDDB members; discusses issues of dairy sector

Cooperation Minister Amit Shah on Thursday held a meeting with NDDD's board members here to discuss issues related to the dairy sector. National Dairy Development Board (NDDB) has been constituted as a body corporate and declared an institution of national importance by an Act of Parliament. According to a government official, Shah held a meeting with board members of the NDDB in the national capital. He discussed the future roadmap and various issues related to the dairy sector. Meenesh C Shah is the Chairman of Anand-based NDDB. NDDB was created to promote, finance and support producer-owned and controlled organisations. Its programmes and activities seek to strengthen farmer-owned institutions and support national policies that are favourable to the growth of such institutions. Fundamental to NDDB's efforts are cooperative strategies and principles. NDDB's efforts transformed India's rural economy by making dairying a viable and profitable economic activity for millions of mil

Dairy sector plays a special role in making women self-reliant: President

President Droupadi Murmu on Monday said the dairy sector has a special role in making women self-reliant and changing their social and economic status. Addressing the convocation function of the Indian Council of Agricultural Research-National Dairy Research Institute (ICAR-NDRI) here, Murmu said women have over 70 per cent participation in the dairy sector and should be provided easy loans and market access to set up new ventures. Murmu said women power plays an important role in the dairy industry in India. "The dairy sector has a special role in making women self-reliant as well as in changing their social and economic status," she said. Therefore, there is a need to provide them with more opportunities in education, training and skill development. Women should also be provided easy loans and market access to set up ventures in the dairy sector, she said. Congratulating the students who received degrees and medals at the convocation function, the President said it is a matter o

High milk prices likely to continue till October: Mother Dairy MD

For the next six months, we will have a portfolio of various categories, says Manish Bandlish

Four out of 10 households feeling pinch of higher milk prices, survey shows

59% stuck to their preferred brands, 19% cut down on consumption; 16% moved to cheaper alternatives of the same brand; a small number bought local milk or completely stopped consumption

Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

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

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

PM Modi hails growth of dairy sector, milk production in last 8 years

Prime Minister Narendra Modi on Monday expressed happiness over the growth in milk production in the last eight years, and said a vibrant dairy sector is also a great way to further strengthen our "Nari Shakti (women power)". His remarks came in response to a tweet by Union minister for fisheries, animal husbandry and dairying Parshottam Rupala, who said there had been a "monumental growth" in milk production in the last eight years. "It increased 83 MT in just 8yrs under visionary leadership of PM Shri Narendra Modi ji. Earlier in 63 yrs it increased only 121MT," he said. Tagging the minister's tweet, Modi said, "This is particularly gladdening. A vibrant dairy sector is also a great way to further strengthen our Nari Shakti." "May the dairy sector grow even more in the coming times," the prime minister added.

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

Pashu Aadhaar: How will it help control lumpy skin disease in cattle

What is Pashu Aadhaar and how to apply for it? Here's all you need to know

Lumpy skin disease may be controlled in a month, says Sanjeev Balyan

On the impact of LSD on the country's milk production, Balyan said there will be a minimal impact on annual milk production, if any.