The price was being hiked after a gap of nearly one year and seven months
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
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
Milk production and dairy processing are not in the least dependent on Chinese inputs, nor are they likely to face a competitive threat from that direction any time soon
Apart from reducing supply glut, recovery is also set to cut down pressure on dairy companies that are reeling under severe financial stress
NDDB Dairy Services has clocked a combined turnover of Rs 4,564 cr from 15 milk producer companies that it helped set up in 69 districts across eight states
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
Also, the census shows a sharp increase in backyard poultry
Both liquid milk and SMP prices jumped by 10% in three months and 25% in one year
The govt had fixed a thickness criterion of 50 microns when the use of plastic carry bags was banned a couple of years ago.
About 1,000 animals washed away in floods; govt to spend Rs 1,000 crore on restoration
It now needs to be seen whether the impact of weather could firm up cattle feed prices, which are already up by over 15 per cent in recent times
India is the largest milk producer in the world
India's sprawling agriculture industry has the world's largest dairy herd. One startup aims to modernise it
Dairy companies in the organised sector are yet to state their stance on the proposed stir
Move to enable states and milk unions to increase procurement
Large multinational firms are competing to reduce price of milk they sell in cities, squeezing margins for dairy farmers
Loss of pasture, low productivity and rising demand cited as reasons
The country's milk production stood at 155.5 million tonnes last fiscal