Pune: Amid cooling food inflation, dairy majors Gujarat Cooperative Milk Marketing Federation (GCMMF), Parag and Hatsun AgroBSE -0.05 % have said they expect milk prices to remain stable over the next six to 12 months, mainly due to low commodity prices and a substantial drop in export of milk powder.
“Milk prices are expected to remain stable for six months to a year as commodity prices have been ruling low,” said RS Sodhi, managing director of GCMMF, which markets its products under the Amul brand.
India is not only the largest producer of milk, but also its largest consumer. Most dairies had increased milk prices during the lean period of the summer season, taking ‘full fat’ milk to Rs 52/litre and double toned milk to Rs 38/litre. Read more
“Milk prices are expected to remain stable for six months to a year as commodity prices have been ruling low,” said RS Sodhi, managing director of GCMMF, which markets its products under the Amul brand.
India is not only the largest producer of milk, but also its largest consumer. Most dairies had increased milk prices during the lean period of the summer season, taking ‘full fat’ milk to Rs 52/litre and double toned milk to Rs 38/litre. Read more