Do away with different rate of GST on SMP, ghee: Chandramogan
R.G. Chandramogan, Chairman, Hatsun Agro Products, has urged the government to do way with the practice of charging different rates of GST on milk fats and skimmed milk powder (SMP), both of which are milk products. Milk is separated into two parts – SMP (skimmed milk powder) and milk fat. While milk fat is taxed […]
Amul to hike its ghee price by Rs 30 per kg
At present, a one kilogram pouch of Amul Ghee and Sagar Ghee in Ahmedabad is selling at Rs 530, while private brands such as Gowardhan is selling the same pouch at Rs 699. In a fortnight, a kilogram of Amul Ghee will cost Rs 30 more across India, after the Gujarat Cooperative Milk Marketing Federation (GCMMF) took […]
iD Fresh Food expands in dairy with ghee ; eyes Rs 200 crore in 3-4 years
After entering the dairy segment with curd and paneer, iD Fresh Food is strengthening its presence in the category with the introduction of ghee. This year the company raked in Rs 100 crores from its dairy portfolio and with the launch of ghee this month, it expects to take it to more than Rs 200 […]
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even […]
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even […]
Temples in TN to procure ghee and butter from Aavin only for prasadam
The Hindu Religious and Charitable Endowments (HR and CE) department has directed temples under its purview to procure ghee and butter from Aavin to light lamps and make Neivedhyam (offering for the deities) and prasadam. In an order issued to temple joint commissioners and executive officers, Commissioner J. Kumaragurubaran said that this was to ensure quality of food […]
Good Export potential for dairy products from India
A latest surge within the prices of dairy merchandise within the worldwide market has brightened export prospects for India particularly for skimmed milk powder (SMP), fats and butter. The prices have surged to a year-high ranges on the Global Dairy Trade (GDT) auctions – primarily pushed by the consumption push put up Covid-19 unlock measures […]
Milk prices defy seasonal trend as supply pressures build
On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions […]
Milk powder and ghee to be part of Free kits for Ration shops in Kerala
The Kerala Milk cooperative ( MILMA) has recommended the Kerala government to include 200gm milk-powder and 100gm ghee in the free kit being distributed through the state’s ration shops amid the COVID-19 pandemic. For distributing 200gm Skimmed Milk Powder and 100gm ghee through every kit, Milma propose to use the excess procurement of milk. Milma […]
Who moved Mozzarella cheese and ghee into the PLI scheme for dairy ?
We are the world’s largest producer of milk, oilseeds, pulses, cotton, mangoes, papayas and bananas. Globally, India is the second-largest producer of rice, sugar, tea, vegetables and fish also. This makes food processing a priority sector for the policy makers. .The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce […]
