Following the union government's decision to allow exports of casein, a value-added milk product, under licence, Gujarat Cooperative Milk Marketing Federation (GCMMF), owner of brand Amul, is hopeful of similar relief in export of milk powder. "This is a welcome move by the union government. We have been demanding it since long," said, RS Sodhi, managing director, GCMMF.
"Along with lifting ban on caesin we have also been demanding similar relief for milk powder. Yesterday's decision of the union government was in positive direction. We hope that ban on export of milk powder will also be removed soon," he said.
"Lift ban on milk powder export will boost market sentiments," Sodhi said, adding that huge stock of milk powder was ready for export in dairies of North India. He however, cautioned that export of caesin in the international market would not be easy, but relaxation in exports by the government would definitely raise market sentiments in India.
Yesterday, the central government had taken a decision to move export of casein and casein products from the ‘prohibited’ to ‘restricted’ category. Export of casein has now been permitted under licence.
The government had banned exports of casein and milk powder in February last year, following a fall in the domestic supply of milk.
The country had exported milk powder and casein worth Rs 500 crore in the 2009-10 financial year. The main markets for the products are Japan and Europe.
India, the world’s largest milk producer, currently has an annual milk production of about 121.8 million tonnes.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
