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Increased market access and fewer non-tariff barriers are on the agenda as week-long talks begin in New Delhi. The two sides are looking to seal the deal by year-end
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Dairy remains protected; 20 percent duty on vegetable oils removed for Indian exports
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Tamil Nadu-based Milky Mist aims to raise Rs 2,035 crore through a mix of fresh issue and promoter sell-off, with plans to cut debt, expand manufacturing, and strengthen its cold chain.
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Rising value-added product mix, stronger margins, and strategic western expansion mark a structural shift at HFL
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With value-added products gaining traction, Africa expansion, and feed integration, Dodla is well-positioned for continued expansion
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India has so far offered zero-to-zero tariffs for industrial goods, while the rates on other items are still being negotiated given the government’s intent to protect sensitive sectors like dairy. Commerce Minister Piyush Goyal along with a team will be in US from May 17 for talks over the trade deal.
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India's dairy sector remains protected from duty concessions in FTAs due to its sensitivity involving small farmers. Recent agreements with Switzerland, Norway, and Australia too excluded this sector.
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The government aims to ring-fence sensitive sectors through non-tariff barriers citing food safety and cultural norms
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Karnataka Milk Federation (KMF), which markets its dairy products under the Nandini brand, will also launch Nandini idli and dosa batter, with whey protein, in Bengaluru market within 15 days.
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The dairy company’s growth trajectory is promising, but the stock valuation is pricey
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The Gujarat Cooperative Milk Marketing Federation (GCMMF) sells its dairy products under the popular Amul brand.
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"Information has been received from the CEO that Nandini will not open new outlets in the state for the time being," the minister told reporters here.
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Various factors such as the onset of the lumpy skin disease in cattle and a fodder shortage have raised the input costs for milk production which in turn has increased the cost of milk and dairy products.
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The minister said that the additional amount was already being paid to them from July 1 onwards and would continue till March next year, according to a statement issued by the Wayanad district administration.
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Odisha Milk Farmers' Association chairman Rabi Behera met Balyan, who is on a two-day visit to the state.
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Sri Krishna Milks was incorporated in March 1989, and was the first private sector dairy company in Karnataka state.
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Australia was India's 15th largest trading partner as of 2020-21, with trade worth $12.29 billion, and a trade deficit of $4.2 billion.
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Sources say discussions on free trade agreement to continue but a final announcement is unlikely today. Minister will be signing an MoU to promote travel and tourism between two countries.
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As many as 3,600 milk production cooperatives and 2.83 lakh dairy farmers in the state are producing milk through the state-run OMFED (Odisha Milk Federation). There are 1,292 women's cooperatives and 1.5 lakh women farmers have also contributed to the production of milk.
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The cost of transportation for the dairy industry has risen by as much as 50 percent per litre because of the rise in fuel prices. Also, there is a rise in procurement and packaging costs. Consequently, prices of brands like Amul, Mother Dairy and Gokul have gone up.
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For Future Group, 8-10 percent sales come from dairy products.
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ITC is looking to scale up dairy business pan India, eyes 5-10% market share in milkshakes
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The French dairy maker might have failed through joint ventures, and on its own. But its attempt as a venture investor may actually pay off.
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Despite India being the largest milk producer and consumer, 78 percent of the market is still unorganised and that explains ITC's foray.
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The company is looking to expand the franchisee outlets of Prabhat Goodness Zones in Tier II and III towns of Maharashtra
