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

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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 […]

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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 […]

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

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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 […]

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

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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 […]

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Interview – Amul grew bigger during lockdown, but there are challenges ahead for industry, says Sodhi

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Many large companies struggled with severe supply chain bottlenecks during the Covid-triggered lockdowns in India, but Amul – one of the biggest brand — only got bigger, gaining more market share as household demand for milk and milk products rose with people stuck at home, R.S. Sodhi, Managing Director of the Gujarat Co-operative Milk Marketing […]

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