Author: DC Team

MilkLane, a dairy brand under Innoterra, launches a Procurement as a Service (PaaS) solution to supply aflatoxin and antibiotic-safe milk in India, ensuring consistent, high-quality milk for dairy companies, startups, and B2B clients. MilkLane, a leading dairy brand under the Swiss-Indian food and technology platform Innoterra, has introduced an innovative procurement service offering aflatoxin and antibiotic-safe milk to dairy companies, startups, and new entrants in the Indian dairy sector. This initiative addresses critical quality issues in milk production and ensures a consistent supply of high-grade milk across the country. The newly launched Procurement as a Service (PaaS) solution focuses on…

Synlait, a leading dairy group in New Zealand, reports a significant net loss of approximately $111.5 million for the financial year ending July 31, 2024, amid challenges related to debt and liquidity. Despite this setback, the company is seeing signs of recovery, supported by key shareholders, and is implementing a two-step deleveraging plan to stabilize its operations. Synlait, a prominent dairy group based in New Zealand, has reported a substantial net loss of approximately $111.5 million for the financial year ending July 31, 2024. This loss represents a dramatic increase from the $2.6 million loss recorded in the previous year…

The Caisse de dépôt et placement du Québec (CDPQ) has increased its stake in Saputo Inc., a leading dairy company based in Montreal, by acquiring 13.5 million shares for approximately $378 million. This investment reflects confidence in Saputo’s growth potential as part of a larger sale involving family estate planning. The Caisse de dépôt et placement du Québec (CDPQ), a prominent institutional investor and one of Canada’s largest pension fund managers, has significantly increased its stake in Saputo Inc., a leading dairy company headquartered in Montreal. In a recent transaction, CDPQ acquired 13.5 million shares of Saputo at a price…

Dairy farmers in Wisconsin are facing a potential crisis as key provisions of the federal Farm Bill are set to expire, leading to concerns about a “dairy cliff.” If the legislation is not renewed by January 1, 2025, the government may be forced to purchase milk at prices exceeding double the market rate, creating economic challenges for farmers and risking a shift in consumer behavior towards non-dairy alternatives. With Congress at an impasse, stakeholders are advocating for urgent action to secure the future of Wisconsin’s vital dairy industry. Dairy farmers in Wisconsin, United States, are anxiously watching the calendar as…

Greenpeace Aotearoa has filed a lawsuit against New Zealand’s largest dairy cooperative, Fonterra, alleging the company misleads consumers with claims that its Anchor butter is “100% New Zealand grass-fed.” The lawsuit highlights that up to 20% of the cows’ diet may consist of imported palm kernel, linked to deforestation in Southeast Asia. The case raises concerns about the transparency of dairy practices and environmental impact in the industry. Greenpeace Aotearoa, the New Zealand branch of the global environmental organization, has filed a lawsuit against Fonterra, the country’s largest dairy cooperative, accusing the company of deceiving consumers by claiming that its…

Rajasekharan, MD of AR Dairy Foods Pvt Ltd, seeks anticipatory bail from the Andhra Pradesh High Court after the Tirumala Tirupati Devasthanams (TTD) accused the company of supplying adulterated ghee for Tirupati laddus. Rajasekharan challenges the sample collection process, claiming it violated Food Safety and Standards Authority of India (FSSA) norms. Rajasekharan, the Managing Director of AR Dairy Foods Pvt Ltd, a Tamil Nadu-based dairy company in India, has filed for anticipatory bail in the Andhra Pradesh High Court. The company is under scrutiny after allegations from the Tirumala Tirupati Devasthanams (TTD) temple trust, accusing it of supplying adulterated ghee…

On September 30, 2024, Iranian Agriculture Minister Gholamreza Nouri announced a 20% increase in raw milk prices, raising them from 15,000 tomans ($0.25) to 18,000 tomans ($0.30) per kilogram. This decision, approved by the Market Regulation Headquarters, comes amid rising inflation and living costs, with concerns that dairy products like cheese may increase by 25%. The dairy sector faces declining consumption, and farmers express dissatisfaction over the adjustment, citing rising production costs and recent financial losses. The Iranian government has announced a 20% increase in the price of raw milk, a move that raises concerns for both the dairy industry…

UK shoppers are experiencing a surge in milk prices at Tesco, Morrisons, and Sainsbury’s, particularly in their smaller convenience stores. This price increase could lead to substantial annual hikes in overall grocery expenses for consumers. Shoppers in the UK, particularly those frequenting Tesco, Morrisons, and Sainsbury’s, have been warned about rising milk prices across various branches of these major supermarket chains. Consumer advocacy group Which? conducted a study comparing prices of 42 everyday essentials, including milk, in larger supermarkets versus their smaller local or express stores. The research revealed that customers at Tesco’s smaller outlets are paying an average of…

Danone invests $24 million in Punjab to enhance milk production, increase farmer incomes by 25%, and promote sustainable dairy farming practices. In a significant boost to the dairy sector of Punjab, French dairy giant Danone has announced a substantial investment of $24 million to expand its operations in the state over the next three years. Known globally for its commitment to health and nutrition, Danone currently sources approximately 30,000 liters of milk daily from 5,000 farmers across 100 villages in Punjab. This strategic investment aims to enhance milk production and farmer incomes, reinforcing Danone’s dedication to sustainable dairy farming. The…

The USDA has launched the Organic Dairy Marketing Assistance Program (ODMAP) 2024, providing $58 million in funding to support organic dairy producers in enhancing market sustainability and addressing challenges such as market volatility and rising costs. The U.S. Department of Agriculture (USDA) has announced the availability of $58 million in funding for eligible organic dairy producers through the Organic Dairy Marketing Assistance Program (ODMAP) 2024. This initiative aims to bolster the organic dairy market and enhance the consumption of organic dairy products across the country. The USDA, a key federal agency responsible for developing and executing federal laws related to…