Milk inflation is still stubbornly high at 10.9% in May
India’s consumer inflation could moderate further from April’s 18-month low of 4.7%, with food price rise likely to have cooled further in May even as prices of some items like milk, rice and pulses moved up on a month-on-month basis, economists reckoned. The National Statistical Office will release the Consumer Price Index (CPI) for May next […]
Milk prices in the world’s dairy powerhouse India have spiked 15%
Leading milk producer India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for ice cream, and a contagious cattle disease. According to data provided by food commodity price database Mintec, milk prices in India rose from 46 rupees per liter to 53 rupees per liter […]
Firm milk prices key threat to falling inflation
Even as retail inflation is expected to start easing from April to about 5% if not lower thanks to broad-based fall in prices, elevated milk prices could play spoilsport, with analysts expecting milk inflation to remain near double digits at least through the summer. Despite India being the largest milk producer since 1998, the commodity […]
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 […]
A big fat problem in milk: What’s driving up prices?
The current price inflation in milk is mainly due to a shortage of fat. It has led dairies to hike full-cream milk prices or to cut fat content through rebranding of existing products. Also, milk does not attract GST, while fat and powder used in reconstitution does, an anomalous situation for which the consumer ultimately […]
DAIRY NEWS Retail price of milk in India has increased by 12% in an Year
Milk is ubiquitous in India — from the morning glassful that most middle class school kids glug to its use in Hindu religious rituals. Now it could become a headache for Prime Minister Narendra Modi’s government as prices soar. The average retail price of milk in India has increased by 12% from a year ago […]
Retail price of milk in India has increased by 12% in an Year
Milk is ubiquitous in India — from the morning glassful that most middle class school kids glug to its use in Hindu religious rituals. Now it could become a headache for Prime Minister Narendra Modi’s government as prices soar. The average retail price of milk in India has increased by 12% from a year ago […]
What does data tell us about spike in milk prices?
When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation Anecdotal accounts of dairy products being unavailable in markets combined with high inflation for milk and milk products, recent speculation about the government allowing milk imports, and its subsequent refutation by the […]
Milk prices up by 10.5% from a year ago
Inflation in the prices of milk and milk products has accelerated almost continuously for the last 20 months and, in the last five months, it has consistently surpassed the overall level of price rise in the country. The reason for this, according to people closely associated with the milk industry, could be a combination of […]
Buoyant demand, inadequate supply to push milk prices higher
The run-up in milk prices is expected to continue in fiscal 2024, led by buoyant demand, constrained supply and under-recovery of costs in the previous two fiscals. Demand has rebounded since the easing of COVID-19-induced restrictions on social gatherings and the hotel, restaurant and café segment, and is being fed by rising consumption of value-added […]