India is facing an increase in milk prices and it is not expected to decrease until November. “In the last 15 months, there has been an extraordinary increase in the price of milk and dairy products, by around 14-15%,” said RS Sodhi, former managing director of India's number one dairy company, Gujarat Cooperative Milk Marketing Foundation.
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The price increase is due to higher feed costs, increased demand for ice cream and a contagious cattle disease, among other factors. India, the world's leading milk producer, accounts for 22% of global milk production, followed by the US, China, Pakistan and Brazil. According to data provided by the Mintec food commodity price database, milk prices in India rose from 46 rupees to 53 rupees per liter (between US$0.55 and US$0.64) from November 2021 to the beginning of May. Milk prices in India since May 2021 Milk prices in India (rupee per litre) Source: Mintec Get the data Created with Datawrapper This puts economic pressure on Indians, who are the world's biggest consumers of milk. “In India, every household buys milk every day. Per capita consumption is around 440 grams per person per day. Every Indian starts the day with milk,” said Sodhi. “In the morning, people drink milk, from a bottle or in tea and coffee… many Indian desserts are made with milk only,” he added. Other local ...
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