Global food prices rose sharply in January

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Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO). FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 113.3 points in January, marking a 4.3 percent increase […]

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India’s GCMMF eyes expansion as milk sales increase significantly

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The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the brand Amul, expects a 12-15 per cent growth in revenue in the current fiscal year over the previous year despite the COVID-19 pandemic and operational hurdles after a nationwide lockdown, The optimism stems from the growing household demand for branded food […]

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Dairy digitisation specialist Stellapps says plans to raise $15-$20 million by June

Bangalore headquartered Stellapps, a technology platform that is offering solutions to digitise the entire spectrum of dairy supply chain in the country, is expecting to raise a modest level of funding in the next round which will be concluded before June. Speaking with indoasiancommodities.com, Ranjith Mukundan, CEO & Co-Founder, Stellapps, said the company has attained […]

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World food prices hit three-year high in 2020 after additional gains in December – FAO

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations reported. The FAO Food Price Index averaged 107.5 points in December, 2.2 percent higher than in November. Over the whole of 2020, the benchmark index, which tracks monthly changes in […]

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Troubled year turns out to be a turning point for India’s agri-tech segment

The unprecedented disruption caused by Covid-19 last hit most industries hard, except maybe the agri-tech sector which was actually fast tracked by the crisis year. Agri-tech that broadly entails bringing in new age technology tools or platforms like Internet of Things (IoT), Artificial Intelligence (AI), data analytics, etc. in agricultural practices — including allied segments like […]

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Dairy focused Moneyboxx Finance reports smooth collection during moratorium period

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In what could be seen as an example of India’s agri and allied business doing well despite harsh economic impact of Covid-19, Moneyboxx Finance that is focused on lending to the dairy sector has reported high repayments even during the government-mandated loan moratorium between April and Septembet. “ In the April- June quarter when the loan […]

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Liquid milk sales in India to sustain momentum despite fall in institutional demand due to Covid – report

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Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]

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