The world leader in the production of dairy products India is facing a significant increase in milk prices, which will last for a long time, writes CNBC. "In the last year, there was an exceptional increase in the price of milk and milk products - about 14-15%". This was stated by R.S. Sodhi, who is the former managing director of India's largest dairy company Gujarat Cooperative Milk Marketing Foundation.
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The jump in prices is due to higher feed prices, increased demand for ice cream and contagious cattle disease, among other factors. The country accounts for 22% of world milk production, followed by the USA, China, Pakistan and Brazil. Milk prices in India rose from 46 rupees to 53 rupees per liter (between $0.55 and $0.64) from November 2021 to early May. This is according to Mintec food price data cited by the publication. This is a pressure for Indians, who are the largest consumers of milk in the world. Consumption per capita is about 440 ml. per person per day. Every Indian starts their day with milk, and many Indian desserts are made mostly or exclusively from milk," said Sodhi. Why might the world's largest milk producer increase dairy imports? The country is even considering temporarily removing import duties on these products The more expensive feed Higher cattle feed prices underpin the spike in milk prices. Animal feed is usually maize, wheat, rice and oats and other ...
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