Stable Milk Outlook in India: Record Low Inflation and Increased Production
In a recent review meeting, Alka Upadhyaya, Secretary of the Department of Animal Husbandry & Dairying (DAHD), reported that India’s milk industry remains stable, with the Wholesale Price Index (WPI) and Consumer Price Index (CPI) for milk showing low inflation rates of 2.09% and 2.85%, respectively, for November 2024. This stability is supported by ample stocks of milk commodities such as skimmed milk powder and ghee, alongside improved procurement and pricing for milk over the past year.
India continues to lead global milk production, with approximately 239.3 million metric tonnes produced in 2023-24. Upadhyaya urged Milk Federations to actively engage with the Midday Meal and Integrated Child Development Services (ICDS) programs, noting their significance within the domestic market for dairy products.
The meeting, attended by representatives from the National Dairy Development Board (NDDB), National Cooperative Dairy Federation of India (NCDFI), and state-level stakeholders, highlighted the need for Dairy Federations to enhance milk procurement and incentivize fair prices for farmers while being mindful of consumer interests. Notable initiatives carried out by federations like Amul in Gujarat, Nandini in Karnataka, Saras in Rajasthan, and Megha in Jharkhand were praised, with a recommendation for others to adopt similar efforts.
In conclusion, the business-focused review underscored India’s stronghold in milk production and the strategic measures being undertaken to sustain growth and stability across the dairy sector, emphasizing enhanced collaboration with government nutritional programs and fair practices in procurement and pricing.
Original Source: https://www.sentinelassam.com/more-news/business/indias-milk-market-stable-with-low-inflation-rates-in-november-centre
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Publish Date: 2024-12-20 10:18:00
