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
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