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LATEST NEWS UPDATES | Milk prices could increase by Rs 8-10 in summer due to fall in production, fodder shortage -Samyak Pandey

Milk prices could increase by Rs 8-10 in summer due to fall in production, fodder shortage -Samyak Pandey

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published Published on Jan 16, 2020   modified Modified on Jan 16, 2020
-ThePrint.in

Stakeholders ask Modi govt to import milk & milk products to create buffer stock. This would make India a net importer for the first time since 2011-12.

New Delhi:
A shortage of fodder and a resultant decline in milk production and procurement has meant that prices of the essential item could increase by Rs 8-10 in the summer.

Citing this dairy shortage, multiple milk federations and the Indian Ice-Cream Manufacturers’ Association (IICMA) have written to the Narendra Modi government to import milk and milk products, in order to create a buffer stock of about 65,000 tonnes of skimmed milk powder and keep the prices in check. India’s annual consumption is about one lakh tonnes, so they said this should be the minimum buffer stock.

Please click here to read more.

ThePrint.in, 13 January, 2020, https://theprint.in/india/milk-prices-could-increase-by-rs-8-10-in-summer-due-to-fall-in-production-fodder-shortage/347866/?fbclid=IwAR2XpoV6Rrls_9H64eDxWA9AxeGWTFIzx9rL


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