Dairy industry in India may hike milk prices again

Commodities for which the ordinary Indian consumer is now paying a higher price are on the rise, including milk, which is a staple in most Indian families. In India, wholesale milk prices have risen 5.8% year over year, and analysts anticipate that as demand grows, customers may have to pay more in the coming months. The demand for milk in India increased as a result of an intense heat wave that hit numerous sections of the nation. On an annual basis, milk prices in south India increased by 3.4 %. The rise in wholesale costs, according to analysts at ICICI Securities NSE -0.73 %, is due to the conclusion of the flush season, increased consumption, and hot summer. Due to a rise in cattle feed prices, milk procurement prices have been pushed upward. In the last five months, dairy companies in India have increased milk selling prices by 5-8%. In a report issued on Friday, the trading company stated, "We expect the dairy industry will need to raise prices again in the coming quarters ...