Amul’s Sodhi draws out blueprint for India’s desire to become global dairy hub

saif-rahman-lxifNAFr-0E-unsplash-scaled.jpg

Amul, the pioneer of India’s white revolution, is eyeing an opportunity to turn the country into a global dairy hub. Already accounting for a fifth of the world’s milk output, the country’s share is set to grow to about a third, said Amul’s Managing Director R.S. Sodhi. “In dairy, we have lot of export potential because […]

Read more

India’s GCMMF eyes expansion as milk sales increase significantly

robin-worrall-H5Y2Nb8hreU-unsplash-scaled.jpg

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 […]

Read more

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

robin-worrall-H5Y2Nb8hreU-unsplash-scaled.jpg

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 […]

Read more

ITC to focus on expanding dairy business by targeting eastern India

Cigarette-to-soap maker ITC, which forayed into the pouch milk category two years ago, will focus on expanding its range and footprint of fresh dairy products in eastern India in the next few years, the Financial Express newspaper reported. The conglomerate produces fresh dairy products like pouch milk, pouch curd, paneer and lassi, ghee and milkshakes. “For […]

Read more

International skimmed milk powder (SMP) prices hit a seven-month high, bringing cheers to dairy owners across India

milk.jpeg

International skimmed milk powder (SMP) prices have hit a seven-month high, reports Indian Express. Last week, prices of SMP at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $2,889 per tonne. This was a 8.5 per cent jump over the previous auction rate of $2,663 on September 1 and […]

Read more

Amul plans to invest Rs 1,500 crore to set up dairy, edible oil, bakery and potato processing plants

milk.jpeg

The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), owner of the famed Amul brand in India, has plans to invest around Rs 1,000 crore over the next two years to set up milk processing plants. Another Rs 500 crore will be invested on facilities for new products like edible oil, Managing Dierctor R S Sodhi […]

Read more