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Verka milk to be costlier now
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SME Times News Bureau | 21 May, 2022
Punjab State Cooperative Milk Producers' Federation Ltd (Milkfed), the
state-owned milk procurement cooperative which owns the brand 'Verka',
has increased milk procurement rates for farmers by Rs 20 per kg fat on
Saturday.
This is the fourth hike by Milkfed this year.
This
decision will pinch consumer pocket as the retail price will go up
approximately by Re 1 per kg for cow milk and Rs 1.40 per kg for buffalo
milk.
An official statement quoting Cooperation Minister Harpal
Singh Cheema said considering difficulties being faced by milk producers
due to continuous increase in purchase price of raw cattle feed
ingredients and other overhead costs, Milkfed Punjab has decided to
increase its milk procurement price being paid to farmers by Rs 20 per
kg fat.
He said in future more concrete steps would be taken for
the benefit of the milk producers and the best quality milk products
will be provided to the consumers by Verka.
Milkfed Managing
Director, Kamaldeep Singh Sangha, said after agriculture, milk
production is the main occupation of rural population.
Milkfed is paying higher milk procurement price to its milk producers as compared to other neighbouring states.
It
had previously increased its milk procurement price on March 1 and
April 1 and 21 by Rs 20, Rs 20 and Rs 10 per kg fat, respectively.
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