Markets

The Indian dairy industry is receiving government funding for new equipment and infrastructure. Pic:©iStock/RakeshPicholiya

Indian government to pump $1.7bn into dairy industry

By Jim Cornall

India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved a Dairy Processing & Infrastructure Development Fund (DIDF) with an outlay of Rs 108.8bn ($1.7bn) during the period 2017-18 to 2028-29.

GDT is looking into working with EEX on a European dairy auction plan.

Updated

EEX and GDT to look into auction for dairy products in Europe

By Jim Cornall

The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have signed a letter of intent to evaluate the possibility of working together to set up and operate an auction mechanism for dairy products originating in Europe.

My/Mo mochi ice cream to hit 6,000 stores in September

My/Mo mochi ice cream to hit 6,000 stores in September

By Adi Menayang

Mochi ice cream is quickly catching up to North American frozen treat staples like ice cream sandwiches and Klondike bars, according to category newcomer My/Mo, with market research firm IRI pegging the brand as the fastest growing frozen novelty item...

UK cheese exports on the rise. Photo: iStock

UK cheese exports grow 25% in H1 2017

By Jenny EAGLE

The UK Food and Drink Federation (FDF) has reported record exports growth in H1 2017, with a 25% increase in cheese exports.