IMPORTS MAY BE EASED
Milk prices will likely remain elevated through this summer, due to a supply crunch and high cost of feed, making ‘milk and products’ a key driver of inflation, when the generalised price pressures are expected to gradually ease. Low supplies and the drying up of stocks in the form of skimmed milk powder, butter and ghee could necessitate tariff reduction to facilitate imports.
Inflation in milk and products, which has significant weight of 6.61% in the consumer price index (CPI), has been rising since April last year and stood at 9.65% in February 2023. Organised players, including Mother Dairy and Amul, hiked milk prices multiple times in the last one year citing higher fodder cost, robust demand and some impact due to reports of lumpy skin disease.
Some dairy experts also attribute the current supply problems to the Covid-19-induced sudden demand contraction for a few months since March-April 2020. This led to a reduction in cattle population, stunting of the animals and constriction of milk output with a lag.
Bu hikaye Financial Express Mumbai dergisinin March 23, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin March 23, 2023 sayısından alınmıştır.
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