Page 3 - Dairy

FMCG, dairy firms betting on strong double-digit sales growth this summer

Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives of FMCG and dairy firms. The summer season will also get a tailwind in the form of an abatement of the pandemic with increased consumer mobility. This will also help the out-of-home (OOH) segment, where the companies expect a sharp rise in sales after a slump of two years. Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory. Mother Dairy, one of the leading sellers of milk, dairy beverage products and Ice creams, said it is already "witnessing a surge in demand" with rising temperature and expects the trend to continue in the coming days. "In line with the same, we have already beefed up our value-chain to cater to any surge in demand across channels. "For a category like ice creams, which is a

Cabinet okays plan to set up 200K primary agri co-ops in next five years

The plan according to an official statement will be implemented by converging various schemes of the government in the spirit of 'whole of government approach'

National Cooperative Society to have Rs 500 crore share capital

National Dairy Development Board (NDDB), Amul and NAFED will be among the five promoters of the newly announced national-level cooperative society for organic food products, which will focus on enhancing farmers' income by improving production, certification and marketing system. Last week, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal to establish three new national-level multi-state cooperative societies to promote organic products, seeds and exports. A national-level cooperative organic society, a cooperative seed society and a cooperative export society will be registered under the Multi-State Cooperative Societies (MSCS) Act, 2002. According to sources, the National Cooperative Organic Society, to be based in Anand, Gujarat, will be set up with an authorised share capital of Rs 500 crore. It will have an initial paid-up share capital of Rs 100 crore, sources said. NDDB, co-operative NAFED, Gujarat Co-operative Milk Marketing Federation (GCMMF), which ...

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

Years after Bt cotton, GEAC clears environmental release of GM mustard

First crop to get such recommendation since Bt cotton in years, say experts

Dairy farmers to get Rs 4 per litre milk more till March 2023: Kerala min

Dairy farmers would be paid an additional Rs 4 per litre of milk till March next year as part of a Rs 28 crore project for them, Kerala Minister J Chinchurani said

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

ITC plans to broaden dairy portfolio, tap Bengal's 'low' milk availability

Per capita availability of milk in West Bengal is 'low', one-third of the national average of 427 grams per day, a company official said

Amul dairy says bracing for sales disruption due to straws ban

India last week refused to waive an impending ban on straws that are packaged with small juice and milk beverage packs

Kurien, the maverick

On his birth centenary, remembering the legacy of the man behind the White Revolution

Dairy's unlikely new champion is a centuries-old Indian cheese

Unlike many faux-meat options, however, paneer is clean-label, meaning it's made with minimal ingredients

China seeks to milk the milk market but doesn't have enough cows

But quenching that thirst will be problematic, not least because finding the millions more cows needed for planned new and expanded farms will be challenging

Chhattisgarh CM to transfer payment to beneficiaries of Godhan Nyay Yojana

Bhupesh Baghel will inaugurate the process of payment against cow dung procurement to the bank accounts of beneficiaries under the state government's Godhan Nyay Yojana

No talks on opening up poultry and dairy markets to US companies: Govt

International media reports on Thursday suggested that India had finally allowed market access to chicken legs from the US

IRMA: Relevance @ 40

Unlike crop cultivation, most farmers now see dairying as an enterprise, says the author

Animal spirits: Latest livestock census has good news for dairy, poultry

The livestock census covers all domesticated animals

Quest for cow-free milk: Lab-made dairy may soon make it to your home

Researchers at several start-up companies, including New Culture, have begun producing these proteins in the lab, with the aim of creating a new grocery store category: cow-free dairy

Industry miffed as govt mulls dairy import from New Zealand, Australia

Amul brand owener GCMMF plans to move Centre against move, says imports will force players to cut domestic prices by half, shave off farmer's earnings by 40%

Dairy farms employ tech to ramp up production, offer milk that's pure

Happy Milk is one among the many dairy farms that are employing state-of-the-art technologies to produce organic milk in a cost-efficient way

Cash crunch slows down milk procurement in winter months

Most dairies under GCMMF admitted that procurement has slowed down by around 5 per cent