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Milk Price Up By 14.50% in Last One Year

New Delhi

Making it clear that milk price is not regulated by it, government today said milk price in the country has risen by 14.50 per cent in last one year.

"Between May 2013 and May 2014, the average procurement price of milk has risen by 17.68 per cent while the consumer price (sale price) of milk has risen by 14.50 per cent in the cooperative sector," Agriculture Minister Radha Mohan Singh told Lok Sabha.

Singh said price of milk is not regulated by the government and on average, milk prices are determined by the cooperatives and private dairies two to three times in a year.

"The last increase in price of milk and milk product was reported in May 2014. This increase is reportedly on account of increase in milk procurement price," he said.

The Minister said the government has withdrawn five per cent incentive on skimmed milk powder exports under the Vishesh Krishi and Gram Udyog Yojana on July 15.

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PLACES: New Delhi
SECTION: National
OUTLOOK 05 August, 2014
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