Milk producer companies’ procurement of milk jumps threefold to Rs 18,000 crore in 5 years 

Milk procurement by milk producer companies, which are owned by farmers, is estimated to jump nearly 3-fold and touch Rs 18,000 crore in value terms in the next five years, according to NDDB. The National Dairy Development Board (NDDB) Chairman Meenesh Shah said the milk producer companies procured milk worth Rs 5,575 crore last fiscal year […]

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India’s milk exports to boost Atma Nirbhar Bharat: PM Modi

India’s PM Narendra Modi said that India has become the largest producer of dairy products in the world due to collective efforts of small-scale dairy farmers. India’s dairy sector is recognised for production by masses rather than mass production. “Today 8 crore families are getting employment from the dairy sector,” the PM said while inaugurating International Dairy […]

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World food commodity prices dip for fifth month in a row in August: FAO

The barometer for world food commodity prices declined for the fifth consecutive month in August, as quotations for most benchmark items dropped, according to a new report released today by the Food and Agriculture Organization of the United Nations (FAO). The closely watched FAO Food Price Index averaged 138.0 points in August, down 1.9 percent […]

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Price hike to limit slide in profitability of organised dairy sector: CRISIL

The recent hike in retail milk price by Rs 2 per litre will limit the slide in profitability of the organised dairy sector to 50 basis points (bps) on-year this fiscal, despite a higher than anticipated rise in procurement prices, and transport and packaging costs, said rating agency CRISIL Despite lower profitability, comfortable balance sheets […]

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Fishery sector needs an integrated structure like dairy: Secretary, Ministry of Rural Development, Government of India 

It is crucial to have an integrated chain of activities when organising fish farmers, especially those who are poor, said Mr N.N. Sinha, Secretary, Ministry of Rural Development, Government of India, at the First Conference on Fishtech, organised by the industry chamber FICCI.  Delivering the Special address, Mr Sinha alluded to the need to develop an integrated structure akin to […]

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Global food price index dips on fall in vegetable oil, cereals and sugar prices – FAO

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The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) said. The FAO Food Price Index averaged 154.2 points in June 2022, down 2.3 percent from May. The Index, which tracks monthly changes in the international prices of a basket of […]

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Karnataka launches Aadhar-based, single-window digital registration for farmers to avail of govt benefit schemes

The Karnataka government has launched an Aadhar-based, single-window digital registration for various government schemes to guarantee that farmers have simple access to benefits granted under various government schemes. Agriculture, horticulture, animal husbandry, revenue, food, civil supplies, and fisheries sectors of the state government are all included in the effort. The software – christened FRUITS – […]

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Vegetable oil and maize pull down global food commodity prices in April – FAO

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World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 158.5 points in April 2022, down 0.8 percent from the all-time high reached […]

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