Banas Dairy, the biggest diary of Gujarat, Saturday said it planned to invest Rs 2,100 crore in the state, stated an official release. A Memorandum of Understanding (MoU) in this regard will be signed by Banas during the Vibrant Gujarat summit held during January 10-12 next year. These investments are expected to create 1,094 new …
Banas Dairy to invest Rs 2,100 crore in Gujarat, signs MoU Read More »
The continued decline in cow numbers combined with high temperatures last year resulted in a fractional fall in milk production in the EU during 2022, according to latest analysis. The latest Dairy Market Review published by the Food And Agriculture Organisation of the United Nations (FAO) highlights that a lack of rain and inflationary pressures …
AMF index up 7.1%, average price US$5,310/MT Butter index up 2.9%, average price US$4,940/MT Ched index up 0.2%, average price US$3,858/MT LAC index up 0.2%, average price US$599/MT SMP index up 4.3%, average price US$2,659/MT WMP index up 4.2%, average price US$3,059/MT Buffalo milk 6.0% fat and 9 % SNF in Rs /kg Amul    …
Global Dairy Trade Event 342 concluded with the GDT Price Index up 4.3% Read More »
The latest official Defra milk price for August is 36.22ppl at 4.17% fat and 3.37% protein, or 35.4p on a standard 4% fat, 3.3% protein standard litre Milk prices have continued to fall in October and November, with 10 processors reducing in October and another seven for November. Of those only Saputo has cut for …
World milk market analysis and its impact on UK dairy market Read More »
As sustainability measures become a central, integral part of doing business, US dairy cooperatives and processors have taken varying approaches to reduce dairy’s environmental impacts throughout the value chain. Some cooperatives have emerged as leaders, while other companies rely instead on industry-driven guidance to implement change. Looking ahead, critical questions remain about how to fund …
Rabobank lowers its 2023 milk production forecast. Milk production from the Big 7 export regions is anticipated to grow by 0.3% YOY in 2023. The downgrade from last quarter’s estimate of 0.5% is driven by reductions in most key global regions, including the US, EU, and New Zealand. Into 2024, output is expected to climb …
Global Dairy Quarterly Q3 2023: Progressing Past the Pain Read More »
Fonterra reports strong FY23 results Fonterra has announced its results for the financial year ending 31 July 2023, with a reported profit after tax of NZD 1.6 billion (approx. $952 million). The New Zealand dairy cooperative saw FY reported earnings of 95 cents per share, up from 36 cents per share in the year-ago period. Its …
Fonterra reports net profits nearly triple Dairy co-operative Fonterra’s full year net profit has nearly tripled, with revenue growth of 12 percent. The dairy exporter said the strong result reflected the execution of its strategy, against a backdrop of weak farmgate milk prices. Key numbers for the 12 months ended July compared with a year …
Facility expected to create 200 new direct, indirect jobs Dairy company Nutridor, a subsidiary of Nigeria’s Tropical General Investments (TGI) Group, has launched operations of its AED75 million ($20.4 million) factory in Dubai, expanding its footprint in the region. The dairy production facility occupies a built-up area of 100,000 square feet in Dubai Industrial City, …
Nigeria’s TGI Group starts $20mln dairy factory in Dubai Read More »
National Dairy Development Board chairman Dr Meenesh Shah has said that the NDDB intends to develop a dairy value chain in Ladakh that would provide profitable returns to the producers from milk business. National Dairy Development Board chairman Dr Meenesh Shah has said that the NDDB intends to develop a dairy value chain in Ladakh that would …
