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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Finance Minister promises more credit for agriculture during the next fiscal in her Union Budget 2020 speech

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Finance Minister Ms Nirmala Sithraman announced an agricultural credit target set to Rs 15 trillion for next fiscal in her budget speech. Rural development and Panchanyati Raj were allocated Rs 1.6 trillion by the minister. She listed 16 action points for ‘aspirational India’ in her speech. The state governments who are already implementing three model […]

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Agricultural goods can fetch India can earn additional $97 billion in exports: FAO

Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over $ 97 billion (about Rs 6.9 lakh crore) for India, as per data released by the Food & Agriculture Organisation (FAO). India’s export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese […]

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Amul ramps up milk supply to Maharashtra to bridge deficit after floods; Kerala eyes Karnataka for milk

Gujarat Cooperative Milk Marketing Federation (GCMMF), owner of the Amul brand, has ramped up its milk supply to Mumbai and other cities in Maharashtra to bridge the deficit due to the death of nearly 1,000 milch animals and an acute shortage of fodder due to the recent floods in the western parts of the state. The floods […]

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Indonesia’s milk powder and dry milk imports seen stagnating through 2018

Sluggish consumer demand and uncertainty over implementation of new import requirements are clouding prospects for Indonesia’s non-fat dry milk powder imports in 2018, the U.S. Department of Agriculture (USDA) said in a report. While the intent of the new import requirements is to stimulate local milk output, a variety of production challenges and constraints still […]

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