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Tomato price shock hits Indian restaurants, cheaper puree sales boom Many Indian restaurants are cutting back on tomatoes in their popular dishes and consumer companies are ramping up production of cheaper purees that are flying off the shelves, after prices surged more than 500%. Used widely in Indian cooking, prices of tomatoes have hit record highs in recent weeks as monsoon rains disrupted supplies at a time when seasonal production is typically low, forcing the government to organize mobile vans for subsidised sales. Many McDonald's and Subway o...
Tomato price shock hits Indian restaurants, cheaper puree sales boom
Tomato price shock hits Indian restaurants, cheaper puree sales boom
Source: Reuters
26/07/2023 3:22:05 PM
Indian dairy firm Hatsun Agro's Q1 profit jumps on higher milk demand Indian milk processing firm Hatsun Agro Product said on Wednesday its quarterly profit surged 54% as a rise in input costs was offset by higher milk prices on the back of strong demand. Milk prices in India hit its peak during the June quarter on account of lower output and robust demand, while the coinciding summer season with the quarter increased demand for ice-creams and curds. The company, which sells products under brands like Arun Ice Cream and Arokya Milk, said its profit after ...
Indian dairy firm Hatsun Agro's Q1 profit jumps on higher milk demand
Indian dairy firm Hatsun Agro's Q1 profit jumps on higher milk demand
Source: Reuters
19/07/2023 8:10:24 PM
PMK wants Aavin to raise procurement price of milk to wade off Amul threat PMK's Tamil Nadu President and former Union Minister Dr. Anbumani Ramadoss on Thursday called on the state government to increase the milk procurement price of Aavin so as to wade of threat from Amul. In a statement, he said that Aavin has a 16 per cent share of the milk market in Tamil Nadu and is facing a threat from Amul. The PMK leader urged Aavin to increase the number of procurement centres and simplify its procurement process. Gujarat-headquartered milk major Amul is plann...
PMK wants Aavin to raise procurement price of milk to wade off Amul threat
PMK wants Aavin to raise procurement price of milk to wade off Amul threat
Source: IANS
26/05/2023 11:15:08 AM
Direct Amul not to procure milk in Tamil Nadu : M.K.Stalin to Amit Shah Tamil Nadu Chief Minister M.K.Stalin on Thursday said the Kaira District Cooperative Milk Producers' Union or Amul is infringing on the milk-shed area of Tamil Nadu Cooperative Milk Producers Federation Limited or Aavin. Stalin, in a letter to Union Home Minister Amit Shah, urged him to direct Amul not to procure milk from Aavin's milk-shed area. Stalin referred to Amul setting up of chilling centres and a processing plant in Krishnagiri District and its plans to procure milk in...
Direct Amul not to procure milk in Tamil Nadu : M.K.Stalin to Amit Shah
Direct Amul not to procure milk in Tamil Nadu : M.K.Stalin to Amit Shah
Source: IANS
25/05/2023 1:44:31 PM
Danone-backed Indian yoghurt maker Epigamia shelves plan to sell inflation-hit business Indian yoghurt maker Epigamia, backed by French dairy giant Danone, has shelved plans to sell its inflation-hit business and is now looking to expand to new markets, its CEO said in an interview. Founded in 2015 and backed also by Belgian investor Verlinvest, Epigamia is a small Indian startup which became popular in urban centres by marketing flavoured Greek yoghurt and fruit-based drinks to health conscious customers. But the company has been operating mostly in the red - its struggle...
Danone-backed Indian yoghurt maker Epigamia shelves plan to sell inflation-hit business
Danone-backed Indian yoghurt maker Epigamia shelves plan to sell inflation-hit business
Source: Reuters
17/05/2023 3:35:27 PM
India`s milk imports soar as disease hits local cattle stock Buying milk is getting expensive in India and the price could soon hit an all-time high, forcing the world's biggest producer to step up imports to boost supplies and ease cost of living pressures. Farmers are wrestling with a rare double whammy: a lethal condition called lumpy skin disease in their cows and a drawdown in market-ready cattle stock after the coronavirus pandemic slowed breeding. Milk prices have already jumped more than 15% to 56 rupees ($0.68) a litre over the past ...
India`s milk imports soar as disease hits local cattle stock
India`s milk imports soar as disease hits local cattle stock
Source: Reuters
4/04/2023 2:59:42 PM
Amul hikes milk price by Rs 2/ltr in Gujarat The Gujarat Cooperative Milk Marketing Federation (GCMMF) on Saturday hiked the Amul milk price by Rs 2 per litre in the state. This marks the first increase in milk prices since the state Assembly elections in December 2022. The GCMMF, which is the apex body of milk cooperatives in the state, typically announces milk price hikes in advance but did not do so this time. Sources suggest that the rise in cost of milk production due to increasing fodder and transportation prices has led to ...
Amul hikes milk price by Rs 2/ltr in Gujarat
Amul hikes milk price by Rs 2/ltr in Gujarat
Source: IANS
1/04/2023 3:21:27 PM
Milk prices spiked in last six months Milk prices have seen a significant uptick in the last six months and will continue to increase due to a shortage heading into the peak demand season, a report by Emkay Global Financial Services said. "Milk and milk products have seen an average YoY inflation of 6.5 per cent over the last 12 months, while this increases to 8.1 per cent if we look at just the last five months. Monthly momentum has been at 0.8 per cent over the last year, more than double the pre-pandemic five-year aver...
Milk prices spiked in last six months
Milk prices spiked in last six months
Source: IANS
20/03/2023 12:40:13 PM
Buffalo milk prices rising in Mumbai from March 1, will have cascading effect The buffalo milk wholesale prices in Mumbai will shoot up by Rs 5/litre from midnight on Tuesday and could trigger a significant cascading effect on the entire food industry that depends on it as its raw material, milk industry players say. Portending a hard hit, the Mumbai Milk Producers Association (MMPA) last Friday announced the steep hike in wholesale price of buffalo milk. The bulk milk prices will go up from Rs 80/litre to Rs 85/litre and will remain in force till August 31, MMPA...
Buffalo milk prices rising in Mumbai from March 1, will have cascading effect
Buffalo milk prices rising in Mumbai from March 1, will have cascading effect
Source: IANS
1/03/2023 9:39:08 AM
Mumbai: Buffalo milk price to shoot up by Rs 5/litre from March 1 Hitting the consumers hard, the Mumbai Milk Producers Association (MMPA) has announced a steep price hike of Rs 5/litre of buffalo milk in the city from March 1, an official said on Friday. MMPA President C.K. Singh said that the price of buffalo milk ? which is sold by over 3,000 retailers in the city - will be increased from Rs 80 per litre to Rs 85 per litre, and will remain in force till August 31. This is the second steep hike coming after September 2022, when buffalo milk price wa...
Mumbai: Buffalo milk price to shoot up by Rs 5/litre from March 1
Mumbai: Buffalo milk price to shoot up by Rs 5/litre from March 1
Source: IANS
25/02/2023 10:03:21 AM
Another shock as milk price reaches Pak Rs 210 a litre in Karachi In uncertain economic conditions, consumers in Karachi continue to receive severe price shocks following an unchecked hike in the prices of daily use items. Loose milk, which has been increased to Pak Rs 210 from Pak Rs 190 per litre by some shopkeepers and live broiler chicken which has seen an increase of Rs 30-40 per kg in the last two days, taking the cost to Rs 480-500 per kilogram, Dawn reported. Earlier this month, the live bird was available at Rs 390-440 per kg while it was bei...
Another shock as milk price reaches Pak Rs 210 a litre in Karachi
Another shock as milk price reaches Pak Rs 210 a litre in Karachi
Source: IANS
13/02/2023 1:57:53 PM
Amul hikes milk price by Rs 3/litre for Delhi, Maharashtra & Kolkata consumers Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) has increased prices of Amul pouch milk (all variants) by Rs 3 per litre with immediate effect. The price has been increased for the consumers in Delhi, Kolkata and Maharashtra. "We would like to inform you that the price of Amul pouch milk (all variants) has been revised upwards as under w.e.f. February 2, 2023 night dispatch (February 3, 2023 morning)," the GMCCF said in a statement. After the price hike, Amul Taaz...
Amul hikes milk price by Rs 3/litre for Delhi, Maharashtra & Kolkata consumers
Amul hikes milk price by Rs 3/litre for Delhi, Maharashtra & Kolkata consumers
Source: IANS
3/02/2023 3:52:05 PM
Markets in Delhi-NCR faced with butter shortage Don't be surprised if you are not finding butter of popular dairy brands in the markets of Delhi-NCR. There is actually a shortage of butter - a major dairy product - in the markets for the past few days. Industry sources claimed that the supply of butter has been disrupted in many parts of the country due to fall in milk supply, coupled with rise in demand. Outbreak of lumpy skin disease in cattle heads in many states, including Gujarat and Rajasthan, is one of the major reasons. B...
Markets in Delhi-NCR faced with butter shortage
Markets in Delhi-NCR faced with butter shortage
Source: IANS
5/12/2022 10:02:33 AM
Milk prices hiked in Kerala by Rs 6 per litre The Kerala Co-operative Milk Marketing Federation, or Milma, on Thursday announced its decision to hike prices of milk by Rs 6 per litre which will come into effect from December 1. Currently, the cost of a litre of milk in the state is Rs 46. The price hike comes three years after Milma had announced an increase of Rs 4 per litre in 2019. "That time, 83.75 per cent (Rs 3.35) of the additional amount went to the farmers. That proportion will continue this time which means Rs 5.0...
Milk prices hiked in Kerala by Rs 6 per litre
Milk prices hiked in Kerala by Rs 6 per litre
Source: IANS
24/11/2022 3:09:09 PM
Dodla Dairy rises on incorporating wholly owned subsidiary Dodla Dairy is currently trading at Rs. 491.30, up by 4.80 points or 0.99% from its previous closing of Rs. 486.50 on the BSE. The scrip opened at Rs. 492.70 and has touched a high and low of Rs. 492.70 and Rs. 486.65 respectively. So far 24 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 614.90 on 27-Jan-2022 and a 52 week low of Rs. 385.00 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs. 4...
Dodla Dairy rises on incorporating wholly owned subsidiary
Dodla Dairy rises on incorporating wholly owned subsidiary
Source: Accord Fintech
24/11/2022 10:44:14 AM
Milk, curd prices go up by Rs 3 in Karnataka The Karnataka Milk Federation (KMF) has increased the price of Nandini milk and curd by Rs 3 per litre, with effect from midnight of Monday. The milk price, per litre, has been raised to Rs 40 from Rs 37, while curd will now cost Rs 48, against Rs 45 earlier. The special milk price, per litre, has gone up to Rs 46 from Rs 43, while Shubham milk will cost Rs 46, and Samrudhi milk will cost Rs 51. The farmers were demanding the increase in prices for a long time saying they are incurri...
Milk, curd prices go up by Rs 3 in Karnataka
Milk, curd prices go up by Rs 3 in Karnataka
Source: IANS
14/11/2022 5:46:35 PM
Indian dairy industry likely to achieve 12-14% revenue growth in FY23: ICRA Credit Rating Agency ICRA in its latest report has said that Indian dairy industry is likely to achieve 12-14 per cent revenue growth in the current financial year (FY23) on the back of strong revival of the hotels, restaurants and catering (HoReCa) segment and the increase in retail prices. However, it said the operating profit margins are expected to contract by 120-160 bps on a year-on-year basis as the retail price hikes are expected to provide only partial support to the input cost press...
Indian dairy industry likely to achieve 12-14% revenue growth in FY23: ICRA
Indian dairy industry likely to achieve 12-14% revenue growth in FY23: ICRA
Source: Accord Fintech
4/11/2022 11:16:02 AM
Mother Dairy raises milk prices by Rs 2 per litre on select variants After Amul, another dairy major Mother Dairy has raised its milk prices by Rs 2 per litre on full cream and cow milk variants with effect from Sunday (October 16). A Mother Dairy spokesperson said that the dairy industry has been experiencing a consistent surge in raw milk prices, which has increased by about Rs 3/kg in the last two months alone, owing to multifold increase in varied input costs. "Increased fodder prices and low rainfall in some northern states have aggravated the ...
Mother Dairy raises milk prices by Rs 2 per litre on select variants
Mother Dairy raises milk prices by Rs 2 per litre on select variants
Source: IANS
15/10/2022 4:24:32 PM
What Delhi-NCR says about its milk? Survey reveals Although the price of milk has increased in the last two years, a large portion of the population in Delhi-NCR believe that the quality has not improved much. To understand the pulse of the consumers on their milk, online community platform LocalCircles conducted an extensive survey in Delhi and the National Capital Region (NCR) to understand how households consume milk, their preferences, issues of quality and freshness. Consumers were asked about queries related to consumption as well...
What Delhi-NCR says about its milk? Survey reveals
What Delhi-NCR says about its milk? Survey reveals
Source: IANS
8/10/2022 12:20:49 PM
Dodla Dairy jumps as Bharat Bio Tech International buys 20.26 lakh equity shares Dodla Dairy is currently trading at Rs. 545.00, up by 17.40 points or 3.30% from its previous closing of Rs. 527.60 on the BSE. The scrip opened at Rs. 545.90 and has touched a high and low of Rs. 545.90 and Rs. 533.00 respectively. So far 5032 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 672.00 on 11-Nov-2021 and a 52 week low of Rs. 385.00 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs...
Dodla Dairy jumps as Bharat Bio Tech International buys 20.26 lakh equity shares
Dodla Dairy jumps as Bharat Bio Tech International buys 20.26 lakh equity shares
Source: Accord Fintech
22/09/2022 2:38:57 PM
India: From a milk deficit country to world's largest producer  India was once a milk-deficit country. But at present, it is the largest producer of milk in the world, contributing 21 per cent of global milk production. During the 1950s and 1960s, the situation was radically different. India was a milk-deficit nation dependent on imports and the annual production growth was negative for several years. The annual compound growth rate in milk production during the first decade after independence was 1.64 per cent, which declined to 1.15 per cent...
India: From a milk deficit country to world's largest producer
India: From a milk deficit country to world's largest producer
Source: IANS
15/09/2022 9:29:08 AM
India's milk production growth at 6%, more than global average, says PM Narendra Modi Prime Minister Narendra Modi on Monday said that milk production in the country has gone up to 210 million tonnes from 146 million tonnes in 2014, which is an increase of 44 per cent. Addressing dignitaries after inaugurating the International Dairy Federation World Dairy Summit 2022 in Noida, Uttar Pradesh, Modi said that as compared to 2 per cent production growth at the global level, India is clocking 6 per cent growth in milk production. He informed that the government is working on...
India's milk production growth at 6%, more than global average, says PM Narendra Modi
India's milk production growth at 6%, more than global average, says PM Narendra Modi
Source: IANS
12/09/2022 3:02:24 PM
Mother Dairy raises milk prices by Rs 2/litre on all variants  After Amul, another dairy major Mother Dairy raised its liquid milk prices by Rs 2/litre with effect from Wednesday (August 17). The new prices will be applicable for all milk variants. A Mother Dairy spokesperson said that the company has been experiencing a surge in varied input costs which have increased multifold during the last 5 months. "For instance, the farm prices of raw milk have alone firmed up by about 10-11 per cent in the said period. Likewise, the cost of feed and...
Mother Dairy raises milk prices by Rs 2/litre on all variants
Mother Dairy raises milk prices by Rs 2/litre on all variants
Source: IANS
16/08/2022 4:43:49 PM
Amul hikes milk prices by Rs 2 per litre  Kaira District Cooperative Milk Producers Union's (Amul Dairy) has increased the milk prices by Rs 2 per litre from Wednesday (August 17). In a statement, Amul Dairy said in Gujarat, Delhi-NCR, Mumbai, West Bengal, its Taza milk 500 ml will cost Rs 25, Shakti 500 ml pouch Rs 28 and Gold Rs 31. Rs 2 per litre is increased for three ranges of milk." According to Amul, the hike is just a four per cent increase in price and lower than prevailing food inflation. Justifying ...
Amul hikes milk prices by Rs 2 per litre
Amul hikes milk prices by Rs 2 per litre
Source: IANS
16/08/2022 3:32:21 PM
GST hike: Packed milk products to get costlier in Kerala from Monday With the Goods and Services Tax (GST) hike of 5 per cent on packed food products from Monday, milk and other allied products including lassi, ghee and curd, will cost more. The Kerala state Milk Marketing Federation (MILMA), which is a major provider of packet milk of 500 ml in the state, will increase the price of the products. MILMA Chairman K.S.Mani told mediapersons that the exact hike in prices of packed Milk products will be announced on Monday. It may be noted that Milma charges ...
GST hike: Packed milk products to get costlier in Kerala from Monday
GST hike: Packed milk products to get costlier in Kerala from Monday
Source: IANS
17/07/2022 5:35:07 PM
Verka milk to be costlier now Punjab State Cooperative Milk Producers' Federation Ltd (Milkfed), the state-owned milk procurement cooperative which owns the brand 'Verka', has increased milk procurement rates for farmers by Rs 20 per kg fat on Saturday. This is the fourth hike by Milkfed this year. This decision will pinch consumer pocket as the retail price will go up approximately by Re 1 per kg for cow milk and Rs 1.40 per kg for buffalo milk. An official statement quoting Cooperation Minister Harp...
Verka milk to be costlier now
Verka milk to be costlier now
Source: IANS
21/05/2022 5:39:26 PM