Milk Output Trails Demand as Costs Surge
India’s dairy sector is facing a widening demand-supply gap, with milk production growth slowing sharply to 3.5–3.78%, while demand continues to expand at around 6% annually, creating sustained upward pressure on prices. Retail milk prices have already increased by ₹2–₹5 per litre, with farm-gate prices hitting five-year highs, signalling a deepening structural imbalance. The slowdown…