Milk production trebles every 25 years in India: R S Sodhi
Why the milk prices are going so high now ? Is it because of milk shortage or high surge in demand or both ? CNBC interviewed Sh R S Sodhi President Indian Dairy Association to get an answer. https://youtu.be/LkgHcO1iTgE Sh Sodhi answered all the questions and clarified that milk shortage may not be the only…
WPI Inflation Eases To 29-Month Low Of 1.34% In March
In its monetary policy review earlier this month, the RBI cautioned that adverse climatic conditions are a risk to the future inflation trajectory and predicted milk prices to remain firm going into the summer due to tight demand-supply situation and fodder cost pressure The wholesale price-based inflation eased to a 29-month low of 1.34 per…
Shall the government control milk prices in current times ?
The milk supply chain has been in trouble in several states over the last few months. Industry leaders expect shortages and price hikes to continue until winter. Besides making your next cup of filter kaapi or chai hard on the pocket, this situation reveals a lot about the consequences of government intervention and price distortions….
Currently No Plans to increase milk prices : Jayen Mehta MD Amul
GCMMF, which sells dairy products under the Amul brand, expects a 20 per cent growth in its revenue this fiscal to around Rs 66,000 crore on rising demand, its MD Jayen Mehta said. The Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) has registered a turnover of Rs 55,055 crore in 2022-23, an increase of 18.5…
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…