The Kerala Cooperative Milk Marketing Federation (KCMMF), popularly known as Milma, has recorded a turnover of ₹4,346.67 crore for the 2023-24 financial year, reflecting a growth of 5.52% over the previous fiscal year. In 2022-23, Milma’s turnover stood at ₹4,119.25 crore. The financial results were disclosed at the 51st annual general body meeting held at …
Milma clocks 5.52% growth in turnover for 2023-24 Read More »
Around 1,100 dairy farmers in Dhankuta and Tehrathum in the eastern hill districts have not been paid by the state-run Dairy Development Corporation (DDC) for the past ten months, leaving them in deep trouble. These farmers rely on their dairy income to cover household and other necessities. The DDC owes more than Rs140 million to …
Nepal’s Dairy Industry Struggles as Unpaid Dues Rise Read More »
An iconic Australian cheese producer is closing its doors after, discontinuing the beloved brand after more than 120 years. Tasmania’s King Island Dairy will no longer operate from mid-2025, parent company Saputo revealed on Thursday. The dairy giant launched a strategic review of the facility 10 months ago, making the decision to retire the brand …
120 years old Australian cheese dairy King Island shuts down Read More »
India has emerged as a global powerhouse in the dairy industry, boasting a remarkable journey from a milk-deficient nation to the world’s largest producer of milk and milk products. The dairy sector has played a pivotal role in the country’s agricultural and rural economy, providing livelihood opportunities to millions of farmers and contributing significantly to …
Taste of India Amul brand has stepped down by two spots in the latest Rabobank Top 20 Global dairy list for 2024 Revenue Overview: Modest Gains Amid Lower Prices RaboResearch’s Global Dairy Top 20 report for 2023 highlights a modest 0.3% increase in combined turnover for the top global dairy companies in US dollar terms, following an 8.1% …
Global Dairy Top 20: Slower Growth and Strategic Shifts Read More »
A New Zealand dairy company has been fined 420,000 New Zealand dollars ($261,452) for using imported Indian butter in products labelled as locally produced. New Zealand’s Commerce Commission said on Monday that Milkio Foods Limited misled customers about the origin of the butter used in its “100 percent pure New Zealand” ghee products. Milkio, based in Hamilton, …
New Zealand Dairy Firm Fined for Using Indian Butter Read More »
In the land known for abundance of milk, 13.6 per cent samples of loose milk and 21.4 per cent samples of desi ghee collected by the Punjab Food and Drugs Administration did not conform to the food safety standards in 2023-24. Data available with The Tribune shows that while none of the samples of packed milk …
One in seven samples of loose milk failed in Punjab Read More »
Mangaluru-based Hangyo Ice Creams has secured Rs 211 crore in funding from private equity firm Faering Capital. This new investment will be utilized to enhance production capabilities, speed up the development of new products, and strengthen the company’s market presence, particularly in southern India. This investment comes at a time when the ice cream sector is witnessing …
Hangyo Ice Creams Secures Rs 211 Crore from Faering Capital Read More »
Four years after becoming fully automatic and increasing its daily milk processing capacity to 2.5 lakh litres per day, which can be increased to 5 lakh litres, a new feature in the form of an automatic machine to prepare curd and lassi at a cost of Rs 123 crore would be set up at Verka …
Automatic Plant for curd and lassi worth Rs 123 cr at Verka Read More »
The Karnataka Co-Operative Milk Producer’s Federation Limited (KMF) is planning to sell Nandini milk beginning with 2.5 lakh litres per day in the national capital from October onwards. As the KMF is working on entering the national capital market, its officials held meetings with milk dealers here. At present, a total of 1 lakh crore …
KMF plans to sell 2.5 lakh litres of milk per day in Delhi Read More »
