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Highlights

  • 15% increase in milk prices in India in a year
  • Milk production only rose by 1% in 2022-23
  • Over 50,000 cattle have died due to Lumpy cow disease so far

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India’s milk imports soar as disease hits local cattle stock

The soaring prices of milk and other basic goods is expected to become a political issue heading into state elections later this year.

Updated: Sep 02, 2022 10:53
|

Editorji News Desk

India’s milk imports soar as disease hits local cattle stock

Milk prices in India could soon hit an all-time high, forcing the world’s biggest producer to step up imports to boost supplies and ease the cost of living pressures, according to a report by Reuters.

Lumpy skin disease in cows and pandemic-induced storage of market-ready breeding stock are major reasons for the price hike, the report added.

Milk prices have already jumped more than 15% to 56 rupees ($0.68) a litre over the past year – the fastest rise in a decade – making it difficult for the government to bring retail inflation below the central bank’s target.

(Reuters)

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