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 »
Milky Mist is planning to raise funds via initial public offering (IPO), reported MoneyControl citing sources familiar with the matter. The paneer-to-ice cream maker is looking to expand its dairy product portfolio to take on its arch rival Amul, said the report. The report said that a number of marquee Indian investment and merchant bankers …
Milky Mist likely to hit stock market with IPO, seeks Rs 20,000 crore valuation Read More »
Dairies in Maharashtra have decided to increase the price of pouched milk by Rs 2 per litre from Sunday (July 14). On Saturday, private and cooperative dairies in Maharashtra decided to increase their selling price to match the state government’s base procurement price. A litre of liquid milk will now cost between Rs 56-58 a litre. Gopalrao …
Union Cooperation Minister Amit Shah on Saturday said the Centre has set a target to have a co-operative bank and a milk producers’ union in each district of the country and also establish in the next five years multipurpose primary agriculture credit societies (PACS) in two lakh panchayats that have no cooperative institution. Addressing the ‘Sahkar se …
Plan to set up milk producers’ dairy union in every district of India: Amit Shah Read More »
Farmers in Haryana will soon find it easier to estimate the milk yield of their cows and buffaloes. Scientists at the Central Institute of Buffalo Research (CIRB) are developing a mobile app to assist with this. The app, currently in testing, claims an 88 per cent accuracy rate in predicting milk yield. It will be …
New App To Help Haryana dairy Farmers Estimate Milk Yield Accurately 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 »
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 …
Extension of a Rs 5 per litre subsidy for milk producers in Maharashtra Budget Read More »
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 …
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 »
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. …
GDT price index records first decline since March 2024 Read More »
