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Milk powder stock at 8,400 tonnes lower than others: Aavin
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SME Times News Bureau | 13 Jul, 2020
Tamil Nadu Co-operative Milk Producers' Federation (Aavin) has said it
avoided incurring losses over milk powder as its stock is far less than
other milk and milk product producers in the country.
In a
statement here on Monday, Aavin said its milk powder stock was only
8,400 tonnes against Amul's 80,000 tonnes, Nandini's 17,000 tonnes and
Saras's 15,000 tonnes.
According to Aavin, the national stock of
milk powder is about 170,000 tonnes and the glut has led to fall in
prices. Aavin said it could sell milk powder with a shelf-life of one
year after rise in demand, and at better prices without making losses.
Karnataka's
Nandhini converts 33 lakh litres of milk into powder a day against
Aavin's 12 lakh litres. "Nearly 40-45 per cent of milk procured daily in
the country is converted into powder," Aavin said.
The milk
major also faulted some media for appreciating Nandhini for doubling
milk powder production and questioning Aavin's stock. Aavin procures 40
lakh litres of milk a day, which is 17 per cent of the 230 lakh litres
produced daily in Tamil Nadu.
Of the balance, 50 per cent is sold by unorganised players, 16 per cent by private dairies and 17 per cent is consumed locally.
As
private dairies have reduced procurement due to coronavirus, Aavin said
it had increased its sourcing to protect farmer's interest.
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