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June 2024

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Extension of a Rs 5 per litre subsidy for milk producers in Maharashtra Budget

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Finance Minister Ajit Pawar announced on Friday that the subsidy of Rs 5 per litre for milk producers in Maharashtra will be extended, as he presented the state’s budget for 2024-25 in the legislative assembly. This budget marks the final one before the assembly elections for the BJP-Shiv Sena-NCP government. Pawar also stated that the state plans to …

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Fonterra boss explains sale

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Fonterra suppliers have received an insight into the company’s future direction from Oceania managing director René Dedoncker. Mr Dedoncker spoke at Fonterra’s Industry Breakfast in Moama on June 12, which also heard from Farm Source director Matt Watt. Mr Dedoncker said the decision to sell the Australian asset as part of the Oceania deal was a …

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Should investors milk the profit in Heritage Foods now?

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Heritage Foods (CMP: Rs. 626, Market Capitalisation: Rs. 5,814 crores, Under-weight), a leading dairy company with a diversified product portfolio that includes milk and milk-based products, posted a healthy revenue growth of 16 percent year on year (YoY) in the fourth quarter. This was primarily aided by a 20 percent increase in the volume of value-added …

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GDT price index records first decline since March 2024

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The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases. …

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Amul’s entry won’t impact Aavin-Mano Thangaraj

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Amul’s entry into the city and northern Tamil Nadu will not impact Aavin’s sales, said Mano Thangaraj, TN dairy development minister. He said Aavin is open to market expansion just as Amul is entering new areas. At a press conference on Wednesday, Thangaraj said that while Amul is expanding its presence in the United States, Aavin has the potential to expand …

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Verka hikes milk purchase price by ₹10 per kg of fat

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The buffalo milk price has been increased from ₹810 per kg of fat to ₹820 per kg. The cow milk price has been increased from ₹770 per kg fat to ₹780 per kg. Milkfed has increased the purchase price of milk by ₹10 per kg of fat. Ludhiana plant general manager Surjit Singh Bhadour said that …

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Milma’s Malabar Union hikes milk procurement price by ₹2

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The Malabar Regional Co-operative Milk Producers’ Union (MRCMPU) of Milma has announced an additional incentive of ₹2 per litre for milk procured from dairy farmers for three months starting from June 1, which also marks World Milk Day. The decision will increase the procurement price of milk from ₹45.95 per litre to ₹47.95 per litre, …

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Private milk vendors also increased Milk prices significantly in Haryana, Assam

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While the entire world celebrated World Milk Day on June 1, people in Sirsa are facing hike in milk prices due to the extreme heat . There is also the issue of power cuts and water shortages. Private dairies are selling buffalo milk for Rs 70 per kg, while cow milk is being sold for …

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Election Milk Price Hike Raises Eyebrows: Strategy or Necessity?

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As soon as the elections concluded, major dairies across India raised milk prices by ₹2 per liter. This move comes despite assurances from the top management of the country’s largest dairy, who recently expressed confidence in stable input prices, citing significant growth in milk availability and ample stocks of dairy commodities nationwide. The Gujarat Cooperative …

Election Milk Price Hike Raises Eyebrows: Strategy or Necessity? Read More »

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