Dairy Industry

Amul ready to enter European market after recent success in US: MD Mehta

Managing Director of AMUL and Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) Jayen Mehta said AMUL's recently launched milk in US has been "highly successful" and they are now ready to enter the European market, which would mark a historic moment for the brand. Delivering the 11th Dr Verghese Kurien Memorial Oration on "AMUL Model: Transforming Lives of Million" organised by a private business management institute here on Saturday, Mehta said "India is now the largest milk producer in the world and is set to produce one-third of the world's total milk in the coming years", XLRI in a statement said. "Dairy isn't just a businessit's a lifeline for rural India," he said. Talking about Amul's recent launch of milk in the US, Mehta said it has been "highly successful", and they are now ready to enter the European market for the first time. To stay relevant, Amul focuses on offering protein-rich, organic, and chemical-free products that customers trust, while continuously ...

Dairy sensitive sector; no plans to open up in any FTAs: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said dairy is a sensitive sector in India as it involves livelihood issues of small farmers and there are no plans at all to give any kind of duty concessions under any Free Trade Agreements (FTAs) in this area. He said that India has not given any duty concessions in the dairy sector even to Switzerland and Norway under the EFTA (European Free Trade Association) trade pact, which was signed in March. With Australia also, he said, that the sector was discussed but India clearly conveyed the sensitivities involved in this area. "Our average holding with the farmer is small. It is 2-3 acre farm with 3-4 live stocks whereas Australia's farm and their dairy farms are both very large and it would be near impossible for these large and small farms to compete with each other on a common footing. "We had discussed this issue even three years ago and on earlier occasions also and the dairy is such a sensitive sector that in any of our

Amit Shah launches 'White Revolution 2.0' to boost Indian dairy sector

In a major push to transform India's dairy cooperative sector, Union Minister Amit Shah on Thursday unveiled 'White Revolution 2.0', a comprehensive initiative aimed at empowering women farmers and creating job opportunities. The programme focuses on four key areas - empowering women farmers, enhancing local milk production, strengthening dairy infrastructure, and boosting dairy exports. The programme is one of the three initiatives undertaken in the first 100 days of the Modi government's third term. "Maximum women are engaged in the dairy sector, with some generating business worth Rs 60,000 crore in Gujarat alone. This new initiative will focus on empowering women and further strengthening the fight against malnutrition," Shah said while addressing the gathering. The minister also launched the nationwide rollout of RuPay Kisan Credit Cards for dairy farmers and the installation of micro-ATMs at dairy cooperative societies. Additionally, he released standard operating procedures f

MP govt nod to hand over ops of state cooperative dairies to NDDB for 5 yrs

CM Yadav says MoU with NDDB to boost milk procurement prices in 11,000 villages across the state

China opens anti-subsidy probe into imported dairy products from EU

China will examine 20 subsidy schemes from across the 27-strong bloc, specifically those from Austria, Belgium, Croatia, Czech Republic, Finland, Italy, Ireland, and Romania, it said in a statement

Dairy industry to witness 13-14% revenue growth this year on strong demand

India's dairy industry is expected to witness healthy revenue growth of 13-14 per cent this financial year, as strong consumer demand continues along with improved supply of raw milk, a report said on Wednesday. While demand will be supported by rising consumption of value added products (VAP), ample milk supply will be driven by good monsoon prospects, Crisil Ratings said in a report. Rise in raw milk supply will also lead to higher working capital requirements for dairy players, the report noted. Though continued capital expenditure (capex) by organised dairies over the next two fiscals will result in debt levels inching up, the credit profiles will be stable supported by strong balance sheets. "Amidst modest growth of 2-4 per cent in realisation, the dairy industry's revenues are seen rising on healthy 9-11 per cent growth in volumes. VAP segment - 40 per cent contributor to the industry revenues - will be the primary driver, fueled by rising income levels and consumer transitio

After Amul, Mother Dairy hikes milk price by Rs 2/litre; Check latest rates

Mother Dairy's full cream milk is now priced at Rs 68 per litre, while toned and double-toned milk are available at Rs 56 and Rs 50 per litre

Govt plans to enlist dairy, fishery co-operatives in rural banking outreach

The government is planning to launch a nationwide programme to rope in dairy and fishery cooperative societies as banking correspondents to expand financial services in rural areas, a top official said on Wednesday. Ministry of Cooperation Secretary Ashish Kumar Bhutani said the programme would leverage the existing network of dairy and fishery cooperatives to act as "bank mitras" or banking agents by offering services such as micro-ATMs and lower-interest farm loans. "The pilot has been rolled out at the state level in Gujarat. We intend to nationally roll out shortly," Bhutani said while addressing a cooperative summit organised by PHDCCI here. The plan follows a pilot project launched in two districts of Gujarat where members of dairy and fishery cooperatives were able to access banking services closer home, including doorstep delivery of microloans and facilitating other transactions. Under the nationwide programme, these cooperative societies will be engaged as banking ...

Amul milk launches in US: Key details of its new products and history

Amul has tied up with 108-year-old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market

India to produce 30% of world's milk by 2030, says NDDB chief Meenesh Shah

Talking about the uses of renewable energy in the dairy sector, the Chairman and Managing Director of NDDB said that, the NDDB is trying to become a net-zero dairy by 2050 or 2070

Mother Dairy expands milk portfolio with launch of buffalo milk variant

The company expects this segment to grow by 10 per cent year-on-year and achieve total volume sales of two lakh litres per day (LLPD) from the variant by March next year

DGV raises $6 million in funding round led by Omidyar Network India

Startup will use money to improve technology and expand business in states

Strong demand to boost revenue of dairy industry by 14-16% in FY24: CRISIL

Strong demand for value added products and stable consumption of liquid milk will lead to a 14-16 per cent revenue growth for the organised dairy industry in 2023-24, a report said on Thursday. With raw milk supply improving, there will be fewer price hikes and profitability will recover 20-50 basis points, Crisil Ratings said in the report. "We believe the strong revenue growth in VAP (Value Added Products) seen over the past few years will continue. This fiscal, the segment should grow 18-20 per cent and consequently, the share of VAP in overall revenue could rise to 40 per cent from 35 per cent four fiscals back," Crisil Ratings Senior Director Mohit Makhija said. He also said that given that demand from both retail and institutional segments remained strong, the share of VAP will continue to rise and on the other hand, liquid milk revenue will grow 8-10 per cent this fiscal backed by steady demand. Further, the report said that in the last fiscal, disruptions in raw milk supply

Cooler summer halts the dairy crisis, industry looks at a turnaround

What has caused this transformation and will it last? Milk industry veterans point to a couple of factors for this U-turn

India not to import butter, other dairy items; to tap local supply: MoS

Union minister Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. "There is no truth in it (shortage of dairy products). No import will take place," Rupala, who is incharge of ministry of fisheries, animal husbandry and dairying, told reporters on the sidelines of an event. He said there is no shortage of milk in the country and the government is regularly monitoring. "The demand has increased. We have huge untapped area, we will try to tap that...We will manage it properly and there is no need to worry," he said and urged farmers and consumers not to worry about it. On rise in retail prices of dairy products, the minister said there is no need to worry about the prices. Farmers are getting good rates.

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Row over Bengaluru entry: It's always been Amul & Nandini, says Jayen Mehta

Amul products will only be sold on e-commerce and not through the general trade

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