Milk Prices

Milk industry sounds the alarm as India's production growth sees steep fall

The growth rate in milk production was 6.62 per cent in 2017-18; 6.47 per cent in FY19; 5.69 per cent in FY20; 5.81 per cent in FY21; and 5.77 per cent in FY22

Milk production annual growth rate slips further to 3.78% in FY24

The slowdown in the rate of growth of milk production from a healthy 5-6 per cent just a few years back has caused some concern within a section of the industry who want deeper analysis of the problem

India's milk output up by 4% to 239.30 mn tonnes in 2023-24: Union Minister

India's milk production rose 4 per cent to 239.30 million tonnes in 2023-24, Union Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said on Tuesday. The milk output of India, the world's largest milk producer, stood at 230.58 million tonnes in 2022-23. Addressing an event to celebrate National Milk Day, he said the milk production has increased to around 239 million tonnes in 2023-24 on the back of improvement in productivity. The government released Basic Animal Husbandry Statistics 2024 on the occasion of National Milk Day 2024, which is celebrated every year on November 26 to honour the Father of white revolution, Verghese Kurien, who was born on this day. Singh said the per capita milk availability has also increased to 471 gm per day in 2023-24 from 459 gm per day in 2022-23. The minister noted that the average growth in India's milk production has been 6 per cent as against 2 per cent of the world's average. Singh emphasised the need to bring dairy far

Decoded: FSSAI takes U-turn on week-old notice on 'A1', 'A2' milk products

The regulator stated that the advisory dated August 21, 2024, issued regarding the subject cited, has been withdrawn for further consultation with stakeholders

Milk price rise: Will dairy stocks milk gains for investors? Analysts weigh

Analysts believe the momentum in dairy stocks such as Dodla Dairy, Heritage Foods, Hatsun Agro is here to stay

KMF achieves milestone, procures one crore litres of milk a day: CM

Chief Minister Siddaramaiah on Tuesday said the Karnataka Milk Federation -- known for its 'Nandini' brand of dairy products -- has achieved a milestone of procuring one crore litres of milk a day from farmers. The milk production in Karnataka was 90 lakh litres a day in May last year. Now, the KMF is getting one crore litres of milk a day. This is a milestone in the history of KMF, Siddaramaiah said. He recalled that when he was the Animal Husbandry Minister many years ago, he had handed over management of dairies to milk unions. The Chief Minister said the State now has 15 milk unions, 15 mother dairies and 16,000 societies of milk growers. He said the quantity of milk in half and one litre milk packets of 'Nandini" has been increased by 50 ML due to the rising milk procurement, and proportionately prices were increased by Rs two recently. Due to the increase in milk production, we have increased the milk quantity in the packets. This has been done because we cannot say to the m

On the boil: Why are milk prices rising when the supply is healthy?

While private players had increased prices, cooperatives and state-supported enterprises had managed to maintain stable prices. Interestingly, dairies in southern India have reduced their retail rates

Prices not hiked as additional cost is for more quantity of milk: K'taka CM

Karnataka Chief Minister Siddaramaiah on Wednesday defended the Rs two hike in 'Nandini' milk prices with additional 50 ml of milk in half-litre and one litre packets, stating that it has been done keeping in mind the interest of farmers in view of rising procurement. He reiterated that milk prices have not been increased. "Last year during the same time milk (production) was 90 lakh litres (per day), now it is more than 99 lakh litre. We have to procure milk from farmers, we cannot say no to them, the milk is produced and it has to be marketed. So we have enhanced the half litre milk packet quantity by 50 ml," Siddaramaiah told reporters here. "The quantity has been enhanced and, proportionate to the increased quantity, the price has been hiked. The cost of 50 ml that has been enhanced in half and one litre packet is Rs 2.10, and we have increased Rs 2, where have we hiked the milk price?" he said. "Can we throw away (more) milk that has been produced? Can we say to farmers we will

Frames per second: The churning and the counting

Watching the restored version of the 1976 film Manthan reminds one of the Emergency but also gives hope for a renewed democracy

Bikanervala Foods won't hike sweets' prices; to absorb rise in milk prices

Bikanervala Foods Ltd said it will not increase the prices of sweetsas of now and has decided to absorb the hike in rates of milk by leading suppliers Amul and Mother Dairy. With effect from Monday, Amul and Mother Dairy have increased the liquid milk prices by Rs 2 per litre. "The recent surge in milk prices is likely to have an impact on the consumers and small sweet shop owners, leading to higher prices for milk-related products. However, it's important to note that the demand for 'mithai' and other milk-based products may not be significantly affected by these rising costs," said Manish Aggarwal, Director, Bikano, Bikanervala Foods Pvt Ltd. "We are absorbing the increased cost of milk and have no immediate plans to pass it on to our consumer," he added. Aggarwal said the company is carefully balancing consumer price sensitivity with price elasticity and competitive dynamics. "While we aim to maintain a steady volume momentum, if this scenario persists, we may need to consider

Amul milk price hiked by Rs 2 per litre across all variants from June 3

The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from Monday in view of the increase in the overall cost of operation and production of milk, Gujarat Cooperative Milk Marketing Federation (GCMMF) said. With this, the price of the Amul milk pouch will go up by Rs 2 per litre in all markets across the country. The price of Amul milk across all variants has been raised by Rs 2 per litre with effect from June 3, said Jayen Mehta, MD of GCMMF, which markets the milk and dairy products under the 'Amul' brand. The last time GCMMF had raised the milk price was in February 2023. The hike is necessitated to compensate farmers for their increased cost of production, Mehta said. With the fresh hike, the revised milk prices for variants such as 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk stand at Rs 36, Rs 33, and Rs 30, respectively. "The increase of Rs 2 per litre translates to the range of 3-4 per cent increase in MRP w

Mother Dairy launches buffalo milk in Delhi-NCR at Rs 70 per litre

Mother Dairy, one of the leading suppliers of milk and milk products, on Tuesday announced the launch of buffalo milk variant in the Delhi-NCR market and is expecting to make this new segment Rs 500 crore brand by March next year. Mother Dairy supplies 35-36 lakh litres of milk per day in Delhi-NCR and 45-47 lakh litres per day across India. In Delhi-NCR, it sells milk in pouches and milk booths. In an interview with PTI on Tuesday, Mother Dairy Managing Director Manish Bandlish said, "We are launching buffalo milk at Rs 70 per litre. We are introducing this variant in Delhi-NCR." Mother Dairy will be supplying 50,000-75,000 litres of buffalo milk per day in Delhi-NCR. The milk will be available in the market from this week. "By March 2025, we aim to reach 2 lakh litres per day. We intend to make the buffalo variant a Rs 500 crore brand in one year. This segment is growing. There is a demand for high-fat milk," Bandlish said. The Mother Dairy MD said the company would launch the .

FSSAI clarifies addition of protein binders not permitted in milk, products

Binding agents have emerged as an important and required class of ingredients to manufacture a wide range of new food products, especially semi-solid or solid foods

Cooler summer halts the dairy crisis, industry looks at a turnaround

What has caused this transformation and will it last? Milk industry veterans point to a couple of factors for this U-turn

Milk prices risen, but no supply shortage of dairy products: Rupala

The government on Tuesday asserted that there is no shortage of milk and other dairy products in the country, although milk prices have risen in recent months. Animal Husbandry, Fishery and Dairying Minister Parshottam Rupala, while briefing media on the Modi government's achievements in the last nine years, said the sector is likely to grow at 7 per cent in 2023-23 fiscal against over 6 per cent in 2022-23. "I will definitely admit that there has been an increase in milk prices...Government is trying its best to address the problem by increasing milk production and availability," he said. Leading milk suppliers like Amul and Mother Dairy have hiked prices of milk multiple times in the last one year, citing increasing procurement costs of milk from farmers. For instance, Mother Dairy has increased milk prices by Rs 10 per litre between March and December 2022. Stressing that there is no shortage of milk and milk products in the country, Rupala said that recently, there were reports

Diary sector should refrain from inter-state competition, says Milma

Milk Federations in the country should re-dedicate themselves to the founding ideals of the co-operative dairy movement while refraining from inter-state competition, said K.S.Mani

Further dairy price hikes unlikely as companies cut procurement rates

Owing to a fall in demand, the procurement price of milk has been cut by Rs 3-5 per litre in Maharashtra, Punjab, Haryana and Uttar Pradesh

Karnataka Assembly polls: Rahul Gandhi promises Rs 2 hike in milk subsidy

Congress' plans to increase the subsidy would force milk producers to sell their milk only to the Karnataka Cooperative Milk Producers Union (KMF)

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Top Headlines: India's smartphone exports, soaring milk prices and more

Business Standard brings you the top headlines at this hour