Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF) has dropped two places to rank 18th in Rabobank’s 2021 Global Top 20 Dairy Companies list. Amul was placed at 16th spot in 2020. Amul has achieved an annual turnover of $5.3 billion.
French-based dairy company Lactalis has topped the list as the world’s largest dairy company with a turnover of US $23.0 billion. It has unseated Switzerland-based global behemoth Nestle, which dominated the list for decades.
What is Rabobank’s Global Dairy Report?
Rabobank’s Global Dairy Top 20 Report is released annually to rank the dairy industry upon their sales data and financial statements.