Dairy sector might see further price hikes across India
Fast moving consumer goods (FMCG) companies kickstart their new year with high hopes of robust growth despite rising recession fears and persisting Covid like situation globally. The companies are optimistic about the urban and rural growth in 2023 and expect less price hikes, cooled off inflation and robust consumer demand. Last year, the FMCG industry faced two major challenges — subdued profit […]
China’s Dairy Imports Slow along with Economy
China’s dairy imports have slowed amid rolling Covid lockdowns and a weakening economy that has many analysts slashing their 2022 and 2023 economic growth estimates for the country. Goldman Sachs, for example, recently cut its estimate for China’s 2023 gross domestic product (GDP) from 5.3 percent to 4.5 percent. This year’s GDP for China is […]
Milk coop societies stop buying milk from farmers afflicted by Covid
Farmers in the district complain that many milk producers’ co operative societies are stopping buying milk from the households where there are Covid-19 positive cases for the past 14 days. Thousands of poor and marginal farmers are into dairy farming for a livelihood and the decision of milk cooperative societies is causing them a lot […]