Business Standard

Tuesday, December 24, 2024 | 03:58 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Four out of 10 households feeling pinch of higher milk prices, survey shows

59% stuck to their preferred brands, 19% cut down on consumption; 16% moved to cheaper alternatives of the same brand; a small number bought local milk or completely stopped consumption

dairy companies
Premium

About three per cent of the respondents have switched to some local source of milk while an equal number has completely stopped buying milk

Sanjeeb Mukherjee New Delhi
Milk prices have soared over the past one year with hikes of over Rs 12 a litre in some brands. Rising food and fodder cost and difficulty in sourcing milk for companies due to low supplies even during the flush season are some reasons for the steep rise in prices.

Almost 80 per cent of the price that the consumer pays for milk is passed on to the farmers as purchase cost. A recent survey by Local Circles showed that four out of 10 Indian households are feeling the pinch of higher milk prices.

Among them, almost 59

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in