GCMMF records Rs 52.55 billion sales turnover

Vadodara, Jun 17 (UNI) Gujarat Co-operative Milk Marketing Federation (GCMMF), India's largest food products marketing organisation, has recorded a turnover of Rs 5255 crore having registered a growth of 22.9 per cent in 2007-08.

This was announced by Federation chairman Parthi Bhatol at the 34th Annual General Meeting of GCMMF held at Anand today. The sales turnover has reportedly recorded an increase of Rs 1000 crores over the previous year.

Expressing his satisfaction over the growth, Mr Bhatol said the federation had achieved 22.9 per cent growth this year as against 13.4 per cent growth achieved during 2006-07.

With a membership of 27 lakh milk producers, GCMMF markets the famous Amul brand in the country leading 13 district milk unions of Gujarat.

Claiming that milk procurement by member unions had reached a new peak, the GCMMF chairman said total milk procurement averaged 75.90 lakh kg per day registering a growth of 12.9 per cent over 67.25 lakh kg achieved during 2006-07.

Referring to the business performance of GCMMF during the year, Bhatol said the federation had done remarkably well in most of the value added consumer packs, including Amul milk in pouches, which had been the largest contributor to the turnover with sales up by 48 per cent.

Stating that today India was the largest milk producing nation in the world and self-reliant in terms of milk and milk products, the GCMMF chairman felt that it dairy cooperatives had not effectively managed the demand-supply equation for milk products, India's import bill for dairy commodities today would have been as staggering as its import bill of crude oil.

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