Business Management

Covid-19: As milk prices fall in Maharashtra, dairy farmers feel the squeeze

Dairy farmers in Maharashtra have began to really feel the pinch of the lockdown with procurement rates of milk dipping by twenty to 50 for each cent. Decline in their income also implies lower volume of feed becoming given to cattle.

Due to absence of desire, farmers who made use of to make processed milk merchandise such as curd, butter, ghee and khoya as a cottage field, now offer milk at lower rates in the industry. Khoya is an middleman milk products, which is made use of as a raw product for producing classic sweets.

Farmer leader and Normal Secretary

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Business News

Shopping Shifts Squeeze Target Profit in Q1

Goal claimed strong profits for the first quarter but its revenue was squeezed as customers shifted to online procuring and averted higher-margin items these types of as clothing.

Amid the coronavirus pandemic, Target’s income rose 11.3% to $19.sixty two billion, with very same-store profits expanding ten.eight% and digital profits jumping by 141%. Analysts’ experienced predicted $19.04 billion in income.

But first-quarter net cash flow fell to $284 million, or fifty six cents per share, from $795 million, or $one.53 per share, a year earlier. Excluding some items, Goal gained fifty nine cents per share.

The corporation mentioned its operating cash

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