BJP’s “Misrule” Led To Increase In Milk Prices: M Kharge
Congress President Mallikarjun Kharge on Saturday said from being one of the world’s largest milk-producing countries in the world, (white revolution) under the previous UPA regime, the country is now ‘forced’ to import milk products due to the misrule of the BJP-led central government. Taking to Twitter, Mr Kharge alleged that the BJP’s ‘misrule’ left…
India may import butter and ghee through NDDB
The Indian government is considering to allow import of some dairy products such as butter and ghee in limited quantity without any subsidy to improve domestic supply amid apprehensions of a stagnant production of milk with demand surging by 8-10 per cent. Addressing a press conference on Wednesday, Animal Husbandry and Dairy Secretary Rajesh Kumar…
Milk may stay on boil due to cattle, fodder shortage
Milk prices, which have been rising steadily in the past year, may hit new highs in the year ahead, as production suffers due to insufficient fodder and fewer new lactating cattle, and farmers raise prices to make up for losses in the last two years. Fodder availability has declined thanks to increased exports of wheat…
Fodder cost whips up milk prices: R S Sodhi
While cereals inflation of 12 to 13 percent has caught headlines, the second largest factor pushing up food inflation is milk prices. In February Consumer Price Index (CPI) data showed milk prices up by 9.6 percent from year-ago levels; higher than an already elevated 8.8 percent year-on-year rise in January. And while cereal prices will…
Milk prices spiked in last 6 months : Emkay Financial report
Milk prices have seen a significant uptick in the last six months and will continue to increase due to a shortage heading into the peak demand season, a report by Emkay Global Financial Services said. “Milk and milk products have seen an average YoY inflation of 6.5 per cent over the last 12 months, while this increases to 8.1 per…
Milk prices to stay elevated till Diwali: Mother Dairy MD
Milk prices are likely to be at elevated levels till October this year due to high cost of feed and raw material, and supply challenges, a senior official of Mother Dairy, a major milk supplier in the Delhi-NCR region, said on Monday. Organised players, including Mother Dairy and Amul, hiked milk prices multiple times in the…
Fonterra cuts milk price forecast as demand from China slackens
Fonterra has reduced and narrowed its 2022/23 season forecast to $8.20 – $8.80 per kg of milksolids, with a midpoint of $8.50, due to softer demand out of China. The previous forecast was in a range of $8.50 – $9.50 per kgMS, with a midpoint of $9.00. The co-op has also cut its forecast milk…
At 29.30 per cent in January, fodder inflation continues to rise
No respite seems in sight from the rising milk prices as fodder inflation continues to rise. The annual rate of fodder inflation based on all-India Wholesale Price Index (WPI) numbers has further increased to 29.30 per cent in January 2023 against 28.66 per cent recorded in December 2022. Fodder inflation was recorded at 7.14 per…
Milk prices increased due to rise in fodder cost: Sanjeev Balyan
Milk prices in the country have risen due to increase in the feed and fodder cost, Union Minister Sanjeev Kumar Balyan said in Rajya Sabha on Friday. Balyan, who is Minister of State of Fisheries, Animal Husbandry and Dairying, said dairy companies pass on 75 per cent of the retail price to farmers. There is…
Milk prices may continue to rise until Diwali says RS Sodhi
On the day Amul hiked milk prices, RS Sodhi, the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) which owns the Amul brand and president of the Indian Dairy Association, told CNBC-TV18 that he believes costs will continue to rise until Diwali this year. He said he expects milk production to start increasing again by winter….