- Amul becomes first indian brand to be featured in the top 20 Global list of dairy companies by Rabobank and it is ranked 16th on the list.
An Indian dairy has found a spot in the top 20 global list published by Rabobank for the first time and it has to be Amul.
The Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets dairy brand Amul which is ranked 16th in the Dutch financial services company’s Global Top 20 dairy companies list at Rabobank.
GCMMF (Amul) enters the Rabobank's Global Top 20 Dairy Companies list for the first time at No.16.
This is a matter of pride for 36 lac milk producers of Gujarat pic.twitter.com/yAQ1tVBNO3
— Amul.coop (@Amul_Coop) August 28, 2020
So far no Indian company has been featured in the global ranking despite being the world’s largest milk producer.
GCMMF ‘s annual turnover of US$ 5.5 billion (Euros 4.9 billion) was considered for this ranking, which the domestic dairy giant had achieved in 2019.
“Looking at Amul’s brand value and turnover which amounts to US$ 7 billion, We could have been ranked 11th in that regard, “said R S Sodhi, managing director of GCMMF, the apex body of all Gujarat ‘s milk unions.
The survey lists Swiss giant Nestle as the world’s largest dairy company with US $22.1 billion in turnover, led by France’s Lactalis with US$ 21 billion in turnover.
US Dairy Farmers of America, ranked 6th in the 2019 ranking, was ranked 3rd with turnovers of US$ 20.1 billion.
“The other dairy companies that have been listed are either multinationals, owned by private companies or run nationally. We are the only cooperative brand with operations that are primarily based in a single state-Gujarat-and owned by 36 lakh farmers to be included in this list, “Sodhi said.
Amul has already emerged as the world’s top ten milk processor after being listed by the International Farm Comparison Network (IFCN), a global dairy research network, as ninth largest milk processor worldwide in 2018.
The rapid expansion helped Amul report nearly five times as much turnover as Rs 8,005 crore in 2009-10, it said.
Daily milk procurement in 2019-20 was 215,96 lakh liters per day, GCMMF said, quoting its president, Ramsinh Parmar.
“This huge growth was due to the high milk procurement price charged to our farmers, which grew by 127% from Rs 337 per kg of fat in 2009-10 to Rs 765 per kg of fat in 2019-20,” the GCMMF quoted Parmar.
Parmar further claimed that during the lockdown, when private milk companies stopped purchasing from farmers, Gujarat ‘s milk unions procured an additional 35 lakh liters of milk per day, giving the rural milk producers about Rs 800 extra crore.