Parag and Schrebier to Export Cheese to Russia
India: Indian dairy market is set
to see some new developments as two Maharashtra based dairy companies, Parag
Milk Foods and Schreiber Dynamix have got the approval to export cheese and
milk products to Russia. The duo waited for over two years to get approval from
the commerce ministry. Both companies had got requisite approvals from
Rosselkhoznadzor, Russia's federal inspection agency, in April last year and
now will be able to export.
Russia has been facing tough
times in sourcing essential items in last few years, following the sanctions
from western countries. The country has an annual demand of over 0.29 million
tonnes of cheese and it is buying them from South American countries,
Switzerland and through some other channels. Indian companies have begun the
talks with retail chains Magnit, Metro Cash and Carry, Tesco and others to sell
cheese.
According to recent report
published by TechSci Research, “India Dairy Products Market By Type (Drinking Milk,
Ghee, Butter, Ice Cream, Milk Powder, Cheese, Yogurts, Probiotic Drinks and
Others), Competition Forecast and Opportunities, 2011 – 2021”, the market for
dairy products in India is projected to grow at a CAGR of over 7% during
2016-2021, on account of increasing per capita expenditure, rising youth
population, introduction of value added dairy products, changing consumption
patterns, and growing penetration of international players. India dairy
products market is witnessing a shift towards healthier products such as
probiotic drinks, yogurts, etc. Few of the leading players operating in India
dairy products market include Gujarat Cooperative Milk Marketing Federation
Ltd., National Dairy Development Board, Karnataka Cooperative Milk Producers
Federation Ltd., and Tamil Nadu Co-operative Milk Producers' Federation
Limited, among others.
According to TechSci
Research, this development is expected to have positive implications on Indian
dairy industry as other Indian dairy players would be tempted to export their
products, eventually benefitting the other stakeholders in the dairy industry
such as farmers. Moreover, it can also have an impact on the overall supply of
the cheese in Indian market, in short term and long term and prices may go up
for Indian consumers.