Trending News

Slow but steady dairy commodity price gains will materialize this year. Coupled with lower expected feed costs, an improved margin outlook will eventually drive milk production growth in the Big 7 by 2H 2024. It will likely not be a record price year by any measure, but farmers around the globe will welcome the return […]

In a major decision, state cabinet on Wednesday approved handover of the Mahanand Dairy management to National Dairy Development Board (NDDB) for the next five years to strengthen the apex organisation in the cooperative milk sector. Mahanand is a venture of Maharashtra State Cooperative Milk Federation Ltd (MSCMFL) and is one of the top cooperative dairies in the state. It,

In February, almost all leaders of the global dairy market reported their results for 2023. Some companies will present their results until May 2024. However, today we can already see the picture being formed by major milk processors for themselves and the market. DairyNews Today has compiled key results and forecasts from leading companies for

kshayakalpa Organic has signed a Memorandum of Understanding (MoU) with British International Investment plc (BII), the UK’s development finance institution and impact investor, and Samunnati Financial Intermediation & Services Pvt Ltd to provide financing to up to 1,500 smallholder dairy farmers in Karnataka, Tamil Nadu, and Telangana. The partnership will see BII extend guarantees for

AMF index up 8.6%, average price US$6,552/MT (€6,080/MT) Butter index up 0.1%, average price US$6,526/MT (€6,056/MT) BMP index not available, average price not available Ched index down 7.6%, average price US$4,143/MT (€3,845/MT) LAC index down 1.0%, average price US$785/MT (€728/MT) MOZZ index up 5.3%, average price US$3,960/MT (€3,675/MT) SMP index up 1.3%, average price US$2,788/MT

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said the State government was all set to introduce innovative schemes and increase farmers’ incomes in the upcoming annual Budget since agriculture and milk production played a pivotal role in the rural economy. He was speaking in Shimla during a first of its kind interaction with

Central Government has granted certain exemptions under Income Tax Act to Dairy Cooperative Societies to Boost the Sector In a significant move aimed at supporting the dairy sector, the Government has introduced a series of measures granting income tax exemptions and reductions for Cooperative Societies under the Income Tax Act. The announcement was made by

Parag Milk Foods Ltd (PMFL) has reported a 268.8 per cent increase in profit after tax at ₹34.16 crore in the third quarter of fiscal year 2024. The consolidated Q3 FY24 revenue stood at ₹800.84 crore, an 8.8 per cent YoY growth, while gross profit stood at ₹210.75 crore, with a gross profit margin of 26.3 per cent.

AMF index up 3.3%, average price US$6,033/MT (€5,616/MT) Butter index up 10.3%, average price US$6,516/MT (€6,065/MT) BMP index up 1.2%, average price US$2,412/MT (€2,245/MT) Ched index up 6.3%, average price US$4,469/MT (€4,160/MT) LAC index up 2.6%, average price US$785/MT (€731/MT) MOZZ index down 1.8%, average price US$3,760/MT (€3,500/MT) SMP index up 4.6%, average price US$2,758/MT

The animal husbandry and dairying department may get a 20% higher allocation of 5,193 crore in the FY25 interim budget, two senior officials said, reflecting a sharper focus on improving dairy and livestock health. The increase is expected on account of a higher allocation for schemes targeted for dairy, livestock health and animal infrastructure—a sector