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HomePosts Tagged "dairy news"
Dairy, India

The industry is projected to maintain a stable credit profile, supported by a favorable demand outlook and moderate debt levels

According to the report published by Investment Information and Credit Rating Agency of India Limited (ICRA), Indian dairy companies are estimated to attain a revenue growth of 12-14 per cent in FY23 on a year-on-year basis. The revenue growth will be led by the rejuvenation of the Hotel- Restaurants and Catering (HoReCa) segment and an increase in milk retail prices.

Despite showing progress in its revenues, the dairy sector of the country may suffer due to the expected shrinking of its operating profit margins by 120-160 bps on a year-on-year basis. This is mainly due to the rise in input cost pressure that will overpower the benefit of rising retail prices, said report.

The report also stated that the earnings from Value-Added Products (VADPs) will experience a healthy YoY growth of 18-20 per cent in FY22. Scorching summer, relatively high temperatures, and the waning impact of pandemic spurted the growth.

According to ICRA report, the liquid milk segment will also grow in the current year. However, the industry may face the challenge of rising input costs. Revenues in the liquid milk segment are predicted to grow by 7-9 per cent in FY22.

After analysing all the aspects behind the growth of the dairy industry, ICRA has estimated a stable credit profile for the industry. The credit profile will be supported by a favourable demand outlook and moderate debt levels.

 Impact of Lumpy Skin disease

Highly prevalent Lumpy Skin in cattle class animals is another factor that impacted the milk production in the current financial year. The disease was prevalent among cows in northern states.The impact of the disease was brought down with the help of a successful immunisation programme. Even though ICRA expects a slight impact in milk production growth to 4-5 per cent in FY23.

The industry is projected to maintain a

Dairy, Supply Chain

The addition of Cainthus to the Ever.Ag portfolio will provide dairy farmers and their advisors new insights from passive data collection

Ever.Ag, a leading agtech provider dedicated to empowering supply chains to feed a growing world, has acquired Cainthus, a company that offers artificial intelligence-enabled cameras for analyzing dairy operations. The addition of Cainthus to the Ever.Ag portfolio will provide dairy farmers and their advisors new insights from passive data collection.

Ever.Ag CEO Scott Sexton commented, “We believe precision agriculture, now in the dairy barn, is the future. We are committed to growing, expanding, and embedding Cainthus technology into our software suite that spans the supply chain.”

The acquisition of Cainthus delivers on Ever.Ag’s mission and continues its decades-long tradition of partnering with the dairy industry from farm to fork. Additionally, as consumers become more focused on purchasing environmentally friendly and sustainably produced goods, the data it collects can validate responsible farming practices throughout the supply chain.

Ever.Ag plans to enhance the offerings of its My Dairy Dashboard product and producer portals ― which integrates data from milk pickups, feed delivered, recorded cow events, milk schedules, and pay information. Cainthus will use the operational data to associate and visually validate herd performance in the barn.

Both Ever.Ag and Cainthus are leaders in data digitisation for dairy farm operations and their animals. Ever.Ag solutions are designed, developed, and produced by a global team with a passion for agtech, client sustainability, and mutual prosperity.

The addition of Cainthus to the Ever.Ag

Dairy

Bovalta BMR hybrids help deliver new levels of performance, agronomics and profit for producers

Corteva Agriscience has announced the introduction of Bovalta BMR (brown mid rib) corn silage, its newest silage product designed to meet the highest standards for yield and milk production.

Corteva’s new Bovalta BMR hybrids provide the highest levels of fiber digestibility and increased starch content compared to non-BMR corn silage hybrids – helping farmers reduce supplemental feed costs and improve dry matter intake. Developed with Corteva’s industry-leading corn genetics and breeding programs, Bovalta BMR hybrids help deliver new levels of performance, agronomics and profit for producers.

“The launch of Bovalta BMR hybrids reflect Corteva’s commitment to serving dairy producers with the innovative products they need to effectively and efficiently feed their herds and help grow their operations,” said Judd O’Connor, President, US Commercial, Corteva Agriscience. “Drawing on Corteva’s leading R&D, these new hybrids offer a combination of outstanding genetics and agronomics from Corteva as expected from leaders in the high value corn silage market.”

New Bovalta BMR hybrids are available for the 2023 growing season.

Bovalta BMR hybrids help deliver new levels

Dairy

GRAS status indicates that Remilk protein is considered safe for consumption in food and beverages

Remilk, a global leader in the development and production of animal-free dairy, has obtained self-affirmed GRAS (generally recognised as safe) status, in accordance with US Food and Drug Administration requirements, paving the way for non-animal, real-dairy products in the US. 

“This is a key validation of the quality and safety of Remilk’s non-animal dairy protein and process,” said Aviv Wolff, CEO and co-founder of Remilk. “Regulatory approval in the US represents another major milestone for our team and great news for the dairy product manufacturers and consumers seeking non-animal real-dairy products. We are working diligently with regulators around the globe to be able to offer Remilk-made products to consumers in other countries. We strongly believe that the first regulators to adapt approval processes to alternative protein production systems will be those who benefit most from the availability of a stable, reliable supply of nutritious, affordable, sustainable foods in their countries.”

GRAS status indicates that Remilk protein is considered safe for consumption in food and beverages, which means it can be used by manufacturers to make non-animal varieties of popular consumer products such as ice cream, yogurt, and cream cheese. Unlike plant-based dairy alternatives, Remilk proteins are bio-equivalent to their traditional counterparts and dairy produced using them is indistinguishable in taste and function from traditional dairy.  With this regulatory clearance, the company can begin selling to US CPGs, with sales anticipated to begin in the coming quarters.

GRAS status indicates that Remilk protein is

Dairy, Live Stock

Dvara E-Dairy will provide Milky Mist farmers with technological solutions like the SSFA and cattle specific recommendations and DSI

Tamil Nadu based Milky Mist, one of the largest milk aggregators and a leading dairy brand in South India, has partnered with Dvara E-Dairy Solutions to provide new-age technology solutions to its over 60,000 dairy farmers across the 13 districts in Tamil Nadu. Milky Mist procures approximately 6 lakh litres of milk daily from these farmers to produce an array of dairy products. It is known to convert all the milk procured into value-added products.

Through this partnership, the company aims to augment the milk yield and production capacity of the farmers and improve their livelihood through the adoption of new-age technologies like Artificial Intelligence that Dvara E-Dairy is pioneering.

Dvara E-Dairy will provide Milky Mist farmers with technological solutions like the Surabhi Score for Financial Access (SSFA) and cattle specific recommendations & Dvara Surabhi Index (DSI) to help them manage their cattle’s health and adopt scientific methods to improve their procurement volume and enhance their income from dairying.  

Commenting on this collaboration, Dr K Rathnam, CEO of Milky Mist, said, “The Artificial Intelligence (AI) based app developed by Dvara E-Dairy Solutions to monitor, assess and correct feeding practices of dairy cattle is going to be a game-changer for the Indian dairy industry, with positive consequences of impacting sustainable income to the milk producers and social upliftment. Milky Mist is happy to collaborate with Dvara E-Dairy Solutions to help small dairy farmers increase their income and scientifically manage dairy.”

Dvara E-Dairy will provide Milky Mist farmers

Dairy, Live Stock

A livestock expo will be organised during the event

The 12th AGROVISION, India’s Premier Agri Summit, to be held in Reshimbagh Ground, Nagpur from December 24 to 27, 2021, will have a pavilion on animal husbandry. A livestock expo will be organised during the event. The section will showcase various breeds of cattle, poultry, goats and sheep. Experts will discuss the breeds and the latest developments in the dairy sector.

Farmers from in and around Vidarbha and adjoining states will be participating in the event. Apart from this, there will be free interactive workshops for farmers. Conferences on current issues in agriculture and allied agri sectors will be held. Around 400 exhibitors are likely to participate in the event.

The exclusive media partner is Agro Spectrum India along with BioSpectrum India and Nufoods Spectrum India. MM Activ Sci-Tech Communications is the organiser of the event.

AGROVISION will be organised under the able guidance of its Chief Patron, Nitin Gadkari, Minister for Road Transport & Highways; Micro, Small and Medium Enterprises, GoI and Dr CD Mayee, Chairman – Advisory Council, Agrovision. Agrovision is supported by the Ministry of Agriculture & Farmers Welfare, GoI, Ministry of Micro, Small and Medium Enterprises, GoI, Govt. of Maharashtra, Skill India, GoI, Crop Care Federation of India (CCFI), Croplife India, National Small Industries Corporation (NSIC) and National Seeds Associations of India (NSAI).

A livestock expo will be organised during