Page 2 - Dairy Industry

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

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