Page 3 - Dairy Sector

Size of Indian dairy market to jump over 2-fold to Rs 30 trn by 2027: NDDB

The size of the Indian dairy market is estimated to jump over two fold to Rs 30 lakh crore by 2027, driven by growth in both volume and value terms, NDDB Chairman Meenesh Shah said on Tuesday. He also asserted that the government is not "insensitive" and it will protect the interest of 8 crore dairy farmers while signing free trade agreements (FTAs) with other countries. Shah said the size of Indian dairy market stood at Rs 13 trillion in 2021 and it is expected to reach Rs 30 trillion by 2027. The growth would come from increase in production of milk and other dairy products as well as value appreciation, he added. Shah, the chairman of National Dairy Development Board (NDDB), was addressing a press conference at the International Dairy Federation World Dairy Summit (IDF WDS) 2022, being organised at the India Expo Centre and Mart here during September 12-15. When asked about the impact on dairy sector from proposed FTAs with many countries including the UK, Shah said about 8 cro

Centre, states working jointly to stop spread of Lumpy Skin Disease: PM

Says indigenous vaccine and movement of animals being stopped to control the spread of LSD

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

The technical sessions will be presided over by union cabinet ministers

After Covid, now a mammoth vaccination drive for lumpy skin disease

Cattle are being vaccinated swiftly as the disease breaks out of its initial holds of Rajasthan and Gujarat and starts infecting buffaloes too

TMS Ep235: India inflation, CXO pay, dairy stocks, GST on rent

Is the worst of inflation behind us? How can we solve India Inc's high CEO pay problem? Is it time to sell dairy stocks? Do you need to pay GST on rent? All answers here

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

Dairy firms plagued with margin woes; pick value-added players: Analysts

Analysts are wary of companies majorly focused in the low-margin milk segment as they believe firms with a strong market share in value-added products (VAPs) are more likely to sustain in the industry

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

Focus on R&D to cut import of vaccines, feed additives: Govt to poultries

Minister of State of Fisheries, Animal Husbandry and Dairying Sanjeev Kumar Balyan on Monday asked the poultry industry to focus on research for reducing import dependence on vaccines and feed additives. Addressing a CII conference, Balyan recommended the reconstitution of the poultry advisory committee for connecting all stakeholders. He also urged the industry to focus on integration of small farmers for a vibrant and sustainable poultry sector, CII said in a statement. Balyan asked the industry to focus on R&D towards offsetting import dependence for vaccines and feed additives. The Union Budget (2022-23) has allocated Rs 6,407 crore for the ministry, which is an increase of 44 per cent from the 2021-22 allocation. Atul Chaturvedi, Secretary, Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry & Dairying, said the industry needs to come up with effective and sustainable solutions towards making our products competitive such that we not ...

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.

Future Consumer calls off joint venture with dairy firm Fonterra

Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.

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

Assam govt partners with NDDB to set up Rs 2,000-cr dairy joint venture

The Assam government and National Dairy Development Board on Friday signed an agreement to create a Rs 2,000-crore joint venture for holistic development of the sector in the state. A Memorandum of Understanding was signed in Guwahati in the presence of Union Animal Husbandry & Dairying Minister Parshottam Rupala, Assam Chief Minister Himanta Biswa Sarma, state Agriculture Minister Atul Bora and other senior officials. As per the MoU, a joint venture company will be set up for Rs 2,000 crore with a target of processing 10 lakh litres of milk through six new units in seven years. Milk from more than 4,100 dairy cooperative societies will be processed, packed and marketed. This will benefit more than 1,75,000 farmers associated with dairy farms in Assam and increase their earnings, Sarma said. Two cattle feed and organic manure manufacturing units will also be set up as per the agreement. The chief minister said milk producers will be provided subsidies for market price fluctuation

Centre reviews implementation of animal husbandry, dairy schemes in UP

Union Minister Parshottam Rupala reviewed the implementation of animal husbandry and dairy schemes in Uttar Pradesh and asked the state government to promote Kisan Credit Card for livestock farmers

With 300 mn Indians in its fold, cooperative sector awaits big-bang reforms

Creation of a new cooperation ministry led by India's second-most powerful politician signals disruption, points to new farmer-friendly policies ahead of 2024 national polls

Dodla Dairy makes strong debut, lists at 28% premium over issue price

The stock listed at Rs 550, a 28 per cent premium over the issue price of Rs 428 per share on the NSE

NDDB launches Android-based dairy surveyor app

GIS-enabled app will benefit dairy cooperatives and producers-owned organisations in the sector by providing real-time information, said NDDB

Milk procurement prices defy trend to hold steady in this peak flush season

Pent-up demand in the post-Covid scenario, faltering supply due to delay in artificial insemination programme cited as reasons

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