Khap panchayat in Hisar on Saturday decided to increase the rate of milk against farm laws and rising fuel prices
Pent-up demand in the post-Covid scenario, faltering supply due to delay in artificial insemination programme cited as reasons
Almost 80% of the price an end-consumer pays comes into the hands of the milkman, due to the existence of fewer middlemen and the efficient manner in which it travels from farm to kitchen
We plan to touch Rs 1 trillion of Amul brand's turnover in next five years, says GCMMF MD R S Sodhi
Milk farmers need support to deal with demand slump
They say they may be forced to cut down on milk procurement price during the coming flush season starting in the next few months, if the support is not available
The move follows widespread protests by farmers, whose realisations dropped sharply during sectoral lockdowns
Apart from reducing supply glut, recovery is also set to cut down pressure on dairy companies that are reeling under severe financial stress
GCMMF has been achieving a CAGR of more than 17 per cent since last 10 years on the back of higher milk procurement
Dairy farmers' realisation plunges Rs 5-7 a litre; Household consumption of milk products rises
The flush season that usually begins in November-December is estimated to have shifted by 1-2 months because of the delayed monsoon.
Amul said it passes on almost 80 paise of every rupee paid by consumers for milk and milk products to the producers
The amount spent on milk and milk products (M&MP) dropped 10%. While households, hotels, and halwai shops spent Rs 6 trn on M&MP in 2016-17, consumption expenditure reduced to Rs 5.4 trn in 2017-18
Milk prices in most parts of India have crashed from around Rs 28-30 a kg last year to less than Rs 20 a kg