Why might the world's largest milk producer, India, increase dairy imports?

Published 2023년 4월 7일

Tridge summary

India, the world's largest milk producer, is experiencing a domestic production decline, leading to a potential dairy product shortage. The situation is severe in Delhi and neighboring areas, with states like Kerala, Tamil Nadu, and Karnataka also affected. The government is contemplating the removal of import duties and increasing dairy imports, which surged by 1,024% in January. The rise in milk prices over the past decade, averaging 6.5% per year, has been exacerbated by a disease affecting cattle, potential fodder shortage, and the slow recovery from the COVID-19 pandemic's impact.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India is the largest producer of milk in the world and it is hard to imagine how there could be a shortage of dairy products in the country, but here it is now able to increase imports amid a decline in domestic production. The reasons are many and all serious. The country is even considering temporarily removing import duties on these products, Reuters reported, citing government sources. Delhi and its neighboring areas have been witnessing oil shortage for the past few months. States like Kerala, Tamil Nadu and Karnataka are facing milk shortage. Countries that produce the most milk in the world The European Union is among the leaders According to industry experts, the situation will worsen. In January, India's milk and cream imports jumped by as much as 1,024% compared to last year. "When it comes to dairy products, especially butter, stocks are lower than the previous year. Imports will be one of the solutions in this situation," said Rajesh Kumar Singh, secretary to the ...
Source: Money

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