India's milk prices to remain stable up to 48 months

Publish time: 31st July, 2014      Source:
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July 31, 2014


India's milk prices to remain stable up to 48 months


India's milk prices are expected to remain relatively stable in the next 24 to 48 months, according to Gujarat Co-operative Milk Marketing Federation, the country's largest dairy products distributor and the owner of Amul brand.



"There is definitely some cost pressure. But apart from minor tinkering, prices of milk and milk products are unlikely to go up in three to six months," said managing director, R.S Sodhi. "Milk production is likely to go up by 30% in Europe. New Zealand is (also) likely to witness a similar increase in production," Mr Sodhi said.



As a result, prices of milk products have started dropping globally.



Domestic prices are higher than global prices, rendering exports unviable. India exported dairy products worth US$553 million in 2013-14, according to the ministry of commerce and industry data.