May 2, 2021
Pandemic led to the shortage of manpower in the dairy sector and because of this Dairy farmers and dairy processors have adapted technology to circumvent manpower shortage and procure milk in a contactless method.
The dairy sector is predicted to make a comeback on this financial year according to Crisil, indicating that the income of the organised dairy sector within the nation is about to develop 5-6% year-on-year to Rs 1.5 lakh crore after falling to a decadal low development of 1% final fiscal.
Right through the pandemic, Stellapps smartMoo digitisation stack enabled dairy processors across the country to procure milk – including grading, pricing and farmer payments – amid lockdown in a contactless manner,” said Stellaps CEO Ranjith Mukundan. Despite disruptions in the supply chain, Stellapps enabled farmers to sell their milk during the pandemic and get digitally paid regularly despite tough market situations.
He mentioned the corporate enabled farmers to promote milk utilizing its tech platform and facilitated digital funds and hassle-free credit score to smallholder dairy farmers, permitting them to tide over the financial misery led to by the pandemic.
The firm has digitized greater than 35,000 villages, touching 3 million dairy farmers and 200- plus dairy processors throughout India, he mentioned.
According to Crisil, wholesome demand revival in worth added merchandise (VAP), decrease restrictions than within the first wave of Covid-19 and regular demand for liquid milk (65-70% of organised sector income) will assist help total development within the present fiscal.
Crisil mentioned that with the rising demand, milk procurement costs are anticipated to improve, however larger gross sales of VAP could have an extra impression on profitability. Besides, skimmed milk powder stock will decline by the top of this fiscal from the height seen as final year, easing working capital borrowings, it mentioned.
Farmers and processors are more and more taking assist of digital instruments to present high-quality milk to the top customers, mentioned firm executives.
AgNext Technologies has helped dairy businesses to circumvent the manpower shortage issues, by providing quick, digitized solutions, which ensured quality testing at milk collection centres continued unhindered.”
Due to the pandemic, agribusinesses have realized that impactful digital interventions cannot solely enhance meals high quality but in addition tackle traceability points, a rising concern.