Page 2 - Dairy Sector

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

Parag Milk Foods up 7% on launching a new product in its premium category

The profit margins of dairy companies are expected to increase in the September quarter after a sharp contraction in the March and June quarters.

Dairy decline

Milk farmers need support to deal with demand slump

Dairy firms hope for an improvement in margins in September quarter

Overall situation is likely to improve with partial opening up of hotels, restaurants and catering services

UP to amend textile, tourism policies to reboot industry, create jobs

The state signs MOUs with four leading industrial bodies to create employment for 1.1 mn returning migrants

How India is ensuring uninterrupted supply of milk during Covid-19 lockdown

The cooperative model in India went out of the way to protect milk producers

Dairy sector hopes to attract Rs 60,000 cr, create 10 mn jobs over 5 years

FM had announced a target of doubling the annual milk processing capacity to 106 MT, from the existing 53 MT in five years

Say cheese! Dairy brands increasingly turning to chefs to whip up recipes

Heritage Foods, Amul, and Parag Milk have chef-run campaigns to bring down marketing cost by a tenth

Govt will protect milk sector's interests under RCEP, says Amul MD

Amul Managing Director RS Sodhi told PTI he had a discussion with Goyal on RCEP on Wednesday

Giriraj Singh objects to imported milk, asks govt to keep dairy out of RCEP

"We will not accept the milk produced by cattle that are given animal protein. Our condition is milk imported should have not any animal feed," said Giriraj Singh

Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more

From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday

Dairy farmers start feeling the pinch of dwindling buffalo meat exports

The average size of a buffalo brought for slaughter is 100-450 kg. Buffalo suppliers have also reduced their purchase from dairy owners as they are incurring a loss in their business

Big brands line up to buy local players in dairy despite steep valuations

Lactalis, Danone, Nestle, Britannia and ITC are getting aggressive