 "Prices slumping, include milk in Rs 35-bn stabilisation fund: Farm Ministry")
To stem the sharp fall in milk prices, the agriculture ministry has sought inclusion of the commodity under the Price Stabilisation Fund (PSF) scheme of the department of consumer affairs.
This, officials said, would enable state governments and milk unions to purchase bulk quantities of fresh milk from farmers and convert them into skimmed milk powder (SMP) and ghee for future use.
How much of this actually translates into actual purchases this year remains of seen, as almost 99 per cent of the Rs 35 billion allocated as Central share under the fund has been exhausted till December,
This, officials said, would enable state governments and milk unions to purchase bulk quantities of fresh milk from farmers and convert them into skimmed milk powder (SMP) and ghee for future use.
How much of this actually translates into actual purchases this year remains of seen, as almost 99 per cent of the Rs 35 billion allocated as Central share under the fund has been exhausted till December,
