SME Times is powered by   
Search News
Just in:   • Coal production from India's commercial mines jumps 16.4 pc in April-June quarter  • India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri  • India's industrial production registers 1.2 per cent growth in May  • Govt committed to building safe and smart energy future: Minister  • Sanchez defends Spain's defence budget in response to Trump's threats 
Last updated: 24 Nov, 2022  

Milk.9.Thmb.jpg Milk prices hiked in Kerala by Rs 6 per litre

Milk.9.jpg
   Top Stories
» India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
» QCOs benefit MSMEs by enhancing product quality, consumer satisfaction: Piyush Goyal
» Stock market opens higher as Trump indicates ‘great’ trade deal with India
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.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter