Despite improving stock, India may need dairy imports

Published 2023년 4월 6일

Tridge summary

India has seen a recovery in its dairy product stockpiles over the past two months, with significant increases in skimmed milk powder stocks, according to a senior government official. However, stocks of dairy fats such as butter and ghee are lower than the previous year. Milk prices in India have reached a record high due to issues like lumpy skin disease and the COVID-19 pandemic, and while imports may be permitted if necessary, the government emphasizes that they primarily benefit consumers, not farmers. India, being a predominantly vegetarian country, relies heavily on dairy for calcium, vitamins, and protein. The country has experienced stagnant milk production this year against an 8-10% rise in demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India's stockpiles of dairy products have recovered in the past two months, though some products could qualify for duty free imports during peak demand season, Reuters reported, citing a senior government official on Wednesday. Milk prices in the world's biggest producer have risen at their fastest price in a decade to a record high as lumpy skin disease and the COVID-19 pandemic slowed dairy breeding. "There is adequate inventory of skimmed milk powder (SMP)," said Rajesh Kumar Singh, secretary at the department of Animal Husbandry & Dairying. SMP stocks reached 109,000 tonnes in February, up by nearly 27,000 tonnes from December, ministry data shows. "But in the case of dairy products, especially fats, butter and ghee, etc, the stocks are lower than the previous year," Singh said. Butter and ghee stocks have fell to 36,000 tonnes in February, down from 75,000 tonnes a year earlier. "Imports will be allowed only if needed. Imports do not help farmers, they help consumers," he ...

Source: The Cattle Site