Combined export, import surge puts milk on the boil

India’s import of milk products jumped slightly over 1000% to $4.77 billion in 2022-23 even as export of fat items, such as clarified butter (ghee), surged to record levels due to high global prices, stoking the sharpest rise in domestic prices in a decade, data from the government-backed National Dairy Development Board (NDDB) show. A dip in productivity of milch cattle due to the lumpy skin disease epidemic, which is estimated to have killed and emaciated over 300,000 cattle last Read Full Details…

Combined export, import surge puts milk on the boil

Milk and cereals prices have kept food inflation from cooling, making it harder for the government to bring overall price growth to a targeted 4% (+/-2%). Milk and cereals prices have kept food inflation from cooling, making it harder for the government to bring overall price growth to a targeted 4% (+/-2%). (HT India’s import of milk products jumped slightly over 1000% to $4.77 billion in 2022-23 even as export of fat items, such as clarified butter (ghee), surged to Read Full Details…