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Milk prices hiked in Kerala by Rs 6 per litre
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IANS | 24 Nov, 2022
The Kerala Co-operative Milk Marketing Federation, or Milma, on Thursday
announced its decision to hike prices of milk by Rs 6 per litre which
will come into effect from December 1.
Currently, the cost of a litre of milk in the state is Rs 46.
The price hike comes three years after Milma had announced an increase of Rs 4 per litre in 2019.
"That
time, 83.75 per cent (Rs 3.35) of the additional amount went to the
farmers. That proportion will continue this time which means Rs 5.025 of
the Rs 6 will go to the farmer," said Chairman of the Federation, K.S.
Mani.
The latest decision comes after a Milma-appointed panel
comprising experts from the state's veterinary and agriculture
universities conducted a study on expenses incurred by dairy farmers.
In
its interim report submitted last week, the committee said that the
farmers suffer an estimated loss of Rs 8.57 per litre of milk.
Subsequently, the Milma Director Board convened a meeting and found that a price hike was inevitable, the Chairman said.
"Though
Milma is authorised to increase the price, the Board's decision was
discussed with the state government and a suitable hike was finalised,"
he added.
Along with a fresh hike in procurement prices, the milk
cooperatives and distributors will each get 5.75 per cent of the new
hiked amount, while 0.75 per cent of the amount will go to the Dairy
Farmers Welfare Fund Board.
Milma will get 3.50 per cent of the increased amount even as 0.50 per cent has been earmarked for the Plastic Elimination Fund.
Besides
the rise in the cooperative federation's milk procurement prices, the
government has been giving various subsidies to the farmers.
The
present hike in the milk procurement price will benefit the milk
producers, wooing more of them to join the dairy sector, Mani said.
The 1980-established Milma is a state cooperative society headquartered in Thiruvananthapuram.
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