Private dairies in Maharashtra, India cut milk procurement prices for farmers

Private dairies in Maharashtra have reduced procurement prices of cow milk from Rs 25-27 per litre to Rs 22-23 per litre. Private dairies in Maharashtra have reduced procurement prices of cow milk from Rs 25-27 per litre to Rs 22-23 per litre. The move comes in the wake of a fall in butter and milk powder prices after a brief spike post lockdown. “Butter prices had increased from Rs 240 per kg to Rs 290 per kg a month ago when the lockdown was eased. Similarly, SMP (skimmed milk powder) prices had increased from Rs 150 per kg to Rs 190 per kg because of a rise in demand from dealers who had exhausted their stocks of butter and SMP. In October, prices of butter and SMP dropped again to Rs 250 per kg and Rs 160 per kg after dealers built their inventory and there is no longer a rush to buy these again,” said Prakash Kutwal, secretary, Milk Producers and Processors Welfare Association, the umbrella body of cooperative and private dairies in the state. Therefore, the dairies which had ...