Dairy sector likely to attract Rs 60,000 crore over 5 years

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The country’s dairy sector hopes to see up to Rs 60,000 crore of new investment and creation of 10 million jobs in five years, in the wake of the Union Budget proposals, reports Business Standard. The finance minister had announced a target of doubling the annual milk processing capacity to 106 million tonnes, from the existing 53 million tonnes. […]

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Meat products and vegetable oils push global food prices to 26-month high in November

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World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, the UN food agency said in its latest report. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged […]

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Amul plans smaller dairy pack sizes for price-conscious rural market: Business Standard

Gujarat Cooperative Milk Marketing Federation (GCMMF), the producer of Amul brand dairy products, is planning to penetrate rural India with smaller pack sizes of pasteurized milk derivatives. The decision coincides with the organisation’s expansion in urban India through new product innovations. India’s largest dairy brand, Amul, is looking to launch price-based products with dairy, milk, ghee and […]

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Global food price index dips for the fifth consecutive month in October

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International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said today. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 percent […]

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Robust supplies pushed global food prices down in September — FAO

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Global agricultural food commodity prices fell in September due to growing inventories of key staples, the UN food agency said in its latest monthly report. The FAO Food Price Index declined 1.4 percent from August and is now 7.4 percent below its level during September 2017. The FAO Cereal Price Index dropped 2.8 percent, led by maize […]

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