Search Result for : Dairy Industry

The Dollar Business Bureau Agriculture and Farmers’ Welfare Minister Radha Mohan Singh said on Sunday dairy industry offers enormous opportunities for the entrepreneurs all over the world and added that the country continues to be the world’s largest producer of milk. “India is the ‘Oyster' of the global dairy industry with opportunities galore for the entrepreneurs globally, said Singh while addressing a function on the occasion of National Milk Day, being celebrated on the birth anniversary of Dr. Verghese Kurien, the father of white revolution. The Minister further said that the milk production in India rose by 18.81% in the past three years and reached 163.6 million tonnes, leading to a considerable increase in income of dairy farmers. “Our milk production has increased to ...

The Dollar Business Bureau The Australian High Commissioner Harinder Sidhu pitched for strengthening economic cooperation with India. Addressing the media after the Confederation of Indian Industries (CII) meeting in Chandigarh on Monday, Harinder stressed that both countries can work together in several sectors such as dairy, scientific research, sports, agriculture and education. India is the ninth largest trading partner and the fifth biggest export market of Australia. The bilateral trade between both the countries has touched Australian $20 billion (roughly around $15 bn) last year. Though these numbers are good, there is still scope for further growth with better economic relations. Mentioning that the bilateral trade between Australia and China is ten times more than its trade with India, she said that the economic relationship ...

The Dollar Business Bureau The government has increased the import duty on ghee, butter and butter oil by 10%, giving relief to the domestic industry which has been facing challenges from overseas suppliers. According to a notification issued by the Finance Ministry earlier this week, the import duty on ghee butter and butter oil has been increased from 30% to 40% and the hike will be valid till March-end next year. The decision came after Indian dairy industry and producers of milk products had expressed concern over the threat of cheap imports due to falling prices of these items in the international market. The Central government was “satisfied that it is necessary in the public interest so to do”, the notification ...

Jayarama Emani | The Dollar Business “The global dairy market is in turmoil. One of the reasons for this turmoil is the new strategy adopted by China lately,” said India Ratings & Research (Ind-Ra), a credit rating agency. In its latest report on Indian Dairy Industry released on March 19, 2015, Ind-Ra said that China instead of importing milk and milk items is increasingly meeting its dairy demand by buying up diary assets in New Zealand. This is similar to the strategy China adopted earlier with respect to sourcing of natural resources to meet its domestic demand. India’s dairy exports haven’t performed well during the first eight months of FY15 due to a drop in international prices backed by lacklustre international demand, rising domestic ...