Search Result for : Dairy Products

The Dollar Business Bureau  The United States Department of Agriculture (USDA) on Friday lowered the forecast for overall production of meat in 2017 to 100.1 billion pounds (lb) against the 100.4 billion pounds estimated last month. However, it raised the forecast for production in 2018 from the previous 102.8 billion lb to 103 billion lb.  “Beef production for 2017 was lowered to 26.3 billion lb primarily due to lighter carcass weights, which will more than offset expected increased slaughter in the later part of 2017, USDA said in its latest report “World Agricultural Supply & Demand Estimates” released on June 9.  The expectations for further placements are backing up a higher beef forecast in 2018 of 27.2 billion lb, the report added.  For 2017, ...

The Dollar Business Bureau As India and Russia gear up for a summit on June 1 between Prime Minister Narendra Modi and Russian President Vladimir Putin, the two sides on Wednesday agreed to take forward joint projects in various sectors such as nuclear energy and collaborative projects in other countries. Both sides reviewed the progress on implementation of several key joint initiatives in economic areas at the India-Russia Inter-Governmental Commission on Trade, Economic and Cultural Cooperation (IRIGC-TEC) meeting, a forum for addressing key issues related to bilateral ties. During the meet, there was convergence of interests and views on a range of issues, according to a statement by the Ministry of External Affairs (MEA). The meeting was co-chaired by Indian External Affairs Minister Sushma Swaraj and Russia’s ...

Neha Dewan  It was a full house listening with rapt attention as Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, addressed the gathering at CII’s Annual Session 2017. Chouhan spoke on Madhya Pradesh’s transformational journey, illustrating how the state had come a long way to evolve into one which now has 7 cities under the National Smart Cities Mission owing to the progressive policies adopted by the state. The state, he said, has improved power and road connectivity. “We are now a power surplus state. There have been miracles in water resources as well. 11 years back, irrigated land was 7.5 hectares but now it has increased to 40 lakh hectares! Irrigation projects which would take decades for completion earlier are now finishing ...

The Dollar Business Bureau Prabhat Dairy, one of India's leading milk food processing brands, is planning to expand its supply operations in the Gulf region. It's participation in Gulfood 2017, held at the Dubai World Trade Centre, from February 26 – March 2, is key to the beginning of its exports to countries like UAE and Saudi Arabia. The world's largest annual trade event in food industry is likely to help Prabhat Dairy rope in some international clients from Dubai and surrounding areas, kickstarting its operations in the Gulf region. The dairy giant with an elaborate distribution network across India sees immense potential in exports to Saudi Arabia, as the country imports close to 70% of its dairy needs. According to latest trade reports, in 2015, ...

The Dollar Business Bureau Chief Minister of Assam, Sarbananda Sonowal, on Monday appealed to the farmers of the state to look for markets in South East Asian nations for dairy products and prodded the farmers to take up dairy farming to begin a milk revolution in Assam.  “Considering the Assam’s geographical advantage, the state has the capability to grow in the dairy products sector and can utilise the dairy market in the countries of South-East Asia,” the Chief Minister said while addressing dairy farmers on 'Celebration of Purabi Milk Day' in Guwahati.Sonowal cited the example of Amul, which has already set up a market for its products in the regions like Middle East, South East Asia and Australia.He mentioned that Amul has generated a revenue of ...

Sisir Pradhan Amul MD R. S. Sodhi in an exclusive interview with The Dollar Business cautions India on non-inclusion of dairy products in trade agreements, India’s milk production and how other food sectors can borrow a leaf from the Amul model. The Dollar Business (TDB): What is your observation on the global trend in the milk sector in the last couple of years and in the domestic market? RSS: World milk production is growing slightly less than 2% but India’s milk production is growing at 4.5%. Another major trend is that the world over prices being paid to milk farmers is on a decline. In India too, milk farmers in Maharashtra, Rajasthan, Uttar Pradesh and Haryana are getting 20-30% lower price when compared ...

The Dollar Business Bureau   Yoga Guru Baba Ramdev-led Patanjali Ayurved is targeting a turnover of Rs.10,000-crore in the current fiscal, with an expected growth of 150 percent. While speaking to reporters at a press meet, Baba Ramdev said that Patanjali Ayurved will be reaching a turnover of Rs.10,000 crore in 2016-17, from Rs.5,000 crore in the previous year. The company is expected to grow by 150 percent in 2016-17.If the revenue target is achieved, Patanjali Ayurved will be ahead of major multinationals in India like Colgate-Palmolive, Nestle and Procter & Gamble. To meet the increasing demand, the company is expanding its manufacturing capacity and will spend over Rs.1,000 crore to set up six processing facilities across the country. Besides, it will also invest ...

Source: PTI  India's dairy products (non-fat dry milk) exports are projected to remain flat at 30,000 tonnes next year on expectations of high global supplies and low prices, according to a latest USDA report. The country's milk output may increase by 4.8% to 154 million tonnes assuming a normal monsoon in 2016, while domestic consumption of milk is forecast to rise by 5% to 62.75 million tonnes in the same period, the US Department of Agriculture (USDA) said. “Overall dairy exports (from India) are minimal due to high domestic consumption. CY 2016 non-fat dry milk (NFDM) exports are projected to be flat at 30,000 tonnes due to uncompetitive export prices,” USDA said in its report. High global supplies are expected to ...