Money
Farmers’ minimum purchase price of raw milk hiked by Rs9 per litre
The price has been increased after farmers complained they were not getting a reasonable rate for their products.Post Report
The minimum purchase price of raw milk given to farmers has been hiked by Rs9.1 per litre.
The Cabinet meeting on Friday raised the price of raw milk to Rs65.5 per litre from Rs56.4 per litre.
The price has been increased after farmers complained they were not getting a reasonable rate for their products.
Sanjeev Jha, general manager of Dairy Development Corporation (DDC), said that the government has set the minimum purchase price of milk.
With this decision, milk containing 4 percent fat and 8 percent solids not-fat will net farmers Rs65.5 per litre, he said.
“The retail price of milk will be increased once we receive the cabinet’s decision in a written form from the Ministry of Agriculture and Livestock Development,” said Jha.
The government increased the price of raw milk to Rs56.4 per litre from Rs49.52 per litre on January 31 last year.