Dairy Products

A spurt in demand for dairy products amid an almost stagnant milk output in the last one year has led to tight supply situations and elevated prices, industry experts said, and warned that rates may remain firm this summer. The Centre, along with National Dairy Development Board (NDDB), is monitoring the supply-demand gap in dairy products and will take a decision on imports depending on the situation. India is the world's largest milk producer. The output stood at 221 million tonne in 2021-22, up 6.25 per cent from 208 million tonne in the previous year. However, the production in 2022-23 is estimated to remain flat or witness slight growth. While announcing the monetary policy, RBI Governor Shaktikanta Das on Thursday said, "milk prices are also likely to remain firm going into the summer season due to tight demand-supply balance and fodder cost pressures". The RBI governor had also pointed out that consumer price inflation has increased since December 2022, driven by price press

The country may look at importing dairy products if needed as there is a supply constraint for such items due to milk production remaining stagnant in the last fiscal, a top government official said on Wednesday. The government will intervene to import dairy products like butter and ghee, if required, after assessing the stock position of milk in Southern states, where the flushing (peak production) season has started now, he added. Milk output in the country stood at 221 million tonne in 2021-22, up 6.25 per cent from 208 million tonne in the previous year, as per the official data. Addressing a press conference, Animal Husbandry and Dairy Secretary Rajesh Kumar Singh said the country's milk production remained stagnant in the 2022-23 fiscal due to lumpy skin disease in cattle, while the domestic demand grew by 8-10 per cent in the same period because of a rebound in the post-pandemic demand. "There is no constraint in milk supply as such in the country...There is an adequate ...

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

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

Gujarat-based National Dairy Development Board (NDDB) on Friday announced a donation of Rs 1.5 crore to meet the cattle feed requirement of 500 tonnes in flood-affected Assam. NDDB-managed West Assam Milk Union (WAMUL) is being advised to use their supply network and coordinate with local authorities for seamless distribution of cattle feed, an official statement said. "The impact of floods in Assam on both humans and livestock is beyond comprehension and a cause of great distress to so many of us even at this distance," NDDB Chairman Meenesh Shah said. This contribution is symbolic of NDDB's deep commitment toward the unfortunate victims of the catastrophe, he added.

For the financial year 2021-22, Parag Milk Foods reported a loss of Rs 532.50 crore, due to one-time write down of Rs 509.50 crore.

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

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

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

The company's milk procurement is centred in five states and products are available for purchase in 12 states and has 103 milk chilling centres/plants.

The government enhanced the scope of Transport and Marketing Assistance scheme for specified agriculture products by including dairy products under its purview and increasing the rates of assistance.

Rajasthan Health Minister Raghu Sharma on Friday directed the officials to collect samples of dairy products for testing to check adulteration during the forthcoming festival season

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

Keventer Agro that owns the dairy brand Metro is expanding its fresh milk collection centres in West Bengal in a bid to raise its processing capacity to 4 lakh liters per day, the company said

As to which milk is best, there's no simple answer. Dairy milk tends to come out on top for nutrient quality, though soy is a good substitute from a nutrition perspective

The CBI has registered the case against Kwality and its directors Sanjay Dhingra, Siddhant Gupta, Arun Srivastava, besides other unidentified persons

Despite the impact of the Covid-19 pandemic on the economy, milk and egg production in India has increased by 6%

Agriculture is a state subject and the Central government has limited powers to ensure implementation of the guidelines

The dairy major goes for a brand refresh with new packaging and sharper digital tools, looks to set itself apart from clutter in the dairy market