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 …
In a significant development for the global dairy market, prices at today’s Global Dairy Trade (GDT) auction showed a notable increase, marking a positive shift after an extended period of decline. This rise in prices is seen as a relief for dairy producers worldwide who have been grappling with low returns amidst fluctuating demand and oversupply issues. …
Milk Price increase The average rate of toned milk has increased to Rs 51.83 per litre in the last fiscal year, from Rs 39 per litre in 2018-19, the government said on Tuesday. In a written reply to Lok Sabha, Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said, “the Department of …
Toned milk prices increased by 33% from FY 19 to FY 24 Read More »
The report highlighted that Tamil Nadu leads India’s export of processing fruits, juices and nuts, with a 33 per cent share by quantity and 27 per cent by value The country’s food sector is predicted to expand by more than 47 per cent and reach $1,274 billion by 2027, according to a survey published by …
Indian food processing sector may become 1274 B USD by 2027-Danfoss Report Read More »
The Indian dairy industry is poised for a revenue growth of 13-14% this fiscal year, driven by strong consumer demand and an improved supply of raw milk, according to Crisil Ratings. Rising consumption of value-added products will support demand, while a good monsoon is expected to boost milk supply. The increased supply of raw milk …
Indian Dairy Industry Set for Robust Revenue Growth Read More »
Hatsun Agro shares are trading over 5% higher on Tuesday, July 16, after the company reported a 62.9% increase in net profit at ₹130.5 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, Hatsun Agro Products posted a net profit of ₹80.1 crore, the company said in a regulatory …
Hatsun Agro Dairy firm’s stock gains over 5% after net profit surges 63% in Q1 Read More »
State dairy development minister Mano Thangaraj said Aavin has increased its milk procurement to 36 lakh litres per day. Speaking to reporters in Coimbatore after a review meeting with Aavin officials on Sunday, he said the daily procurement would touch 40 lakh litres of milk procurement in a week or two. “Simultaneously, we are making efforts …
Aavin milk procurement to touch 40 lakh litres per day soon: Dairy min Read More »
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 …
Should investors milk the profit in Heritage Foods now? Read More »
FY25 is expected to see an accelerated double-digit growth for DDL, thanks to a pick-up in domestic milk volumes, commencement of a new plant in Kenya, and a massive increase in cattle feed capacity Outlook for DDL in FY25 Robust Growth Expected FY25 is poised for accelerated double-digit growth for DDL, driven by increased domestic …
Dodla Dairy Poised for Robust Growth in FY25 with Expansion and Stability Read More »
