GDT bounce, but gains seen fragile on weak fundamentals
Global dairy prices rebounded in Wednesday’s auction, but a sustained recovery in rates that have tumbled by a third over the past year is not on the cards due to abundant supply and reduced buying by top importer China, analysts said. The Global Dairy Trade price index, which is underpinned by prices from the auction […]
Kerala CM launches ‘Repositioning Milma 2023’ initiative
Kerala Chief Minister Pinarayi Vijayan on Tuesday launched an ambitious rebranding initiative of the cooperative dairy major Milma focusing on an image makeover of the brand. The rebranding envisages bringing uniformity in packaging, design and product quality to meet the challenges from domestic and global competitors while reinforcing its position as the market leader. Rolling […]
Milma vs Nandini: Consumers must benefit in dairy war
Two dairy wars are happening in two southern states—Kerala and Karnataka—involving three dominant milk cooperatives. Nandini, a brand owned by the Karnataka Milk Federation (KMF), is facing a threat from Amul, owned by the Gujarat Cooperative Milk Marketing Federation, in its home state. The Karnataka-based cooperative is accused of encroaching into the market territory of […]
Amul Vs Nandini: Don’t let politics stoke market sub-nationalism
Fists have been waved in poll-bound Karnataka, where opposition parties like the Congress and Janata Dal (Secular) have joined pro-Kannada groups in attacking the state’s Bharatiya Janata Party (BJP) government for letting Gujarat’s Amul sell milk and other dairy products there. This, they allege, poses a threat to Nandini, a brand operated by the state’s […]
The green roadmap of the White Revolution
India’s dairy sector’s growth story is impressive but is overshadowed by low productivity. A NITI Aayog Working Paper titled “India’s White Revolution: Achievements and the Next Phase” has listed key challenges that the country needs to overcome to fully unlock the potential of its dairy sector. The working paper authored by Ramesh Chand can be […]
Fasten your seat belts get ready for a rough weather ahead
Dear friends, We have been reading a lot about the dairy industry for the last few weeks. Some great insights have been shared by renowned economists, scientists, politicians and senior journalists. Let me list the five different areas in which the dairy was discussed and deliberated in the media. a. Reasons for higher milk prices […]
Inflation to consumer is income to the farmers : Jayen Mehta
How does the milk prices move from here onwards was being asked to Jayen Mehta MD Amul by CNBC TV 18. His answer was straight . he told this time to be a tight rope walk for all the dairy players. https://youtu.be/f1aZH-alhSU He further added that Amul has increased milk prices 6 times in last […]
Milk production trebles every 25 years in India: R S Sodhi
Why the milk prices are going so high now ? Is it because of milk shortage or high surge in demand or both ? CNBC interviewed Sh R S Sodhi President Indian Dairy Association to get an answer. https://youtu.be/LkgHcO1iTgE Sh Sodhi answered all the questions and clarified that milk shortage may not be the only […]
Govt to merge two large dairy schemes to aid private sector
The government has decided to merge two dairy-sector schemes – Animal Husbandry Infrastructure Development Fund (AHIDF) and Dairy Processing and Infrastructure Development Fund (DIDF), with a view to making available the funds from the balance outlay to the private sector dairy and meat processing units. The AHIDF was launched in 2000 with an outlay of […]
Dairy prices rose, volumes fell at auction – GDT Surprises
International milk prices rose while volumes fell at this month’s Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was up 3.2%, with an average selling price of $3,362 per tonne. The index was down 4.7% at the previous auction held on April 4, with an average selling price of $3,227, according to […]