Price of milk in India has tremendous increase

Published 2023년 5월 25일

Tridge summary

India is experiencing a significant increase in milk and dairy product prices, with a 14-15% rise over the past 15 months. This inflation is attributed to higher feed costs, caused by the Russian invasion of Ukraine and the disruption of supply chains, and also due to rising transportation, storage, and energy costs. Additionally, demand for dairy products is increasing with the onset of summer and religious holidays. Furthermore, infectious diseases among cattle are reducing milk production, leading to further price hikes. These economic factors are putting financial strain on small farms and impacting breeding rates. The price of milk in India has risen from 46 rupees to 53 rupees per liter within this timeframe.

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

Original content

Jakarta, CNBC Indonesia - The world's milk "paradise", India, is now having a headache. Because the price of milk in that country is about to "explode". "In the last 15 months there has been a tremendous increase in milk and dairy products," said former managing director of India's number one dairy company, Gujarat Cooperative Milk Marketing Foundation, RS Sodhi, quoted by CNBC International, Wednesday (25/6/2023). "Around 14 to 15%," he said. The price spike occurred due to higher feed costs. India's National Dairy Development Council said animal feed - consisting of corn, wheat, rice and oats - was expensive due to the Russian incursion into Ukraine, which disrupted supply chains. Matthew Biggin, commodity analyst at research unit BMI Fitch Solutions, also alluded to rising transportation, storage and energy prices. The increase in demand for products-such as ice cream as the country enters summer and then religious holidays also increases the demand for dairy-based sweets. ...

Source: Cnbcindonesia