Global commodity food prices fell for the fourth consecutive month in May, as supplies appear strong and demand weakens due to economic contractions triggered by the COVID-19 pandemic, the Food and Agriculture Organization (FAO) of the United Nations reported today. The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, averaged 162.5 points […]
Dairy farmers in Maharashtra have started to feel the pinch of the lockdown with procurement prices of milk dipping by 20 to 50 per cent. Decline in their income also means lower amount of feed being given to cattle. Due to lack of demand, farmers who used to make processed milk products such as curd, […]
Supply chain disruptions in the early weeks of the two-month nationwide lockdown and bread-and-butter issues for hotels, restaurants and cafes that had to shutdown, have materially reduced demand for dairy products in India, ratings and research firm CRISIL said in a report. This is despite supply of most dairy products continuing during the lockdown, since […]
World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities, the UN food agency said in its latest monthly report. The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, […]
The dairy industry in Assam is facing lots of hurdles which has severely impacted the livelihood of thousands of dairy farmers in the state. The farmers are left with no option but to throw away thousands litres of milk each day. As per reports, dairy farmers in Jorabat area of Kamrup district are waiting for the state government to ease restrictions […]
Dairy major Mother Dairy, which has a dominating presence in India’s national capital region (NCR), said it had drawn up contingency plans to keep its supply chain intact to meet with any demand pressure in the coming weeks, reports Ritwik Sinha. All of India is currently under a three-week lockdown declared by the government in […]
World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis, the UN food agency said in its latest monthly report. The FAO […]
National Bank for Agriculture and Rural Development (NABARD) said it has infused Rs 1.46 lakh crore in the rural banking system during the current fiscal. NABARD has been extending financial support to the banks operating in rural areas to help them deploy their resources effectively for meeting the credit needs of rural people, including farmers. […]
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. […]
Global food prices hit a five-year high in December, the UN Food and Agriculture Organization (FAO) said in its monthly report. World food prices rose for the third consecutive month in December, as a strong rally in vegetable oil prices drove the FAO Food Price Index to its highest level in five years. The FAO […]
