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January 9, 2012

 

India's Karnataka milk prices up

 

 

Within six months, India's Karnataka has again decided to increase for the second time its milk prices from INR21 (US$0.40) to INR24 (US$0.46) per litre from January 8.

 

Indicating the imminent price hike, Chief Minister D V Sadananda Gowda said Karnataka Milk Federation (KMF) had been demanding an upward revision of the milk prices as milk producers needed better returns due to increased input costs. The government had hiked the price of toned milk from INR18 (US$0.34) to INR21 (US$0.40) per litre a few months ago and it was likely to increase it up again to INR24 (US$0.46).

 

"I will hold the second round of talks with officials this evening. My intention is not to burden the consumer and at the same time, ensure better returns to the lakhs of poor milk producers in Karnataka, which is the second biggest producer of milk," Gowda told reporters. He said the producers had suffered dwindling margin and made little money out of selling milk due to increasing costs of feed and other inputs.

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