Even Global Price Falling Milk Prices Might Not be Cut

milkEven though the global prices have been falling retail milk prices might not be cut. On Friday, T. Nanda Kumar National Dairy Development Board chairman said private dairy firms were buying lesser milk than usually, owing to the free falling global prices.

On Friday, While speaking to reporters at the IIL-organised seminar on Control of Diseases in Ruminants he said cooperatives have been absorbing larger milk stocks and have been keeping prices stable for now.

“There is a surplus globally. Here cooperatives are buying more than they did previously although private dairy firms have cut down their purchases. But to drop consumer prices means dropping support prices for farmers. And we are not doing that now,” he said when talking on milk prices.

Hyderabad-based Indian Immunologicals Limited was planning a new animal vaccine manufacturing facility in Puducherry also said Mr Kumar.

He added “We have bought a 30 acre parcel of land. It is like insurance for us. We will start the new facility once demand goes up”.

G.S. Reddy who is CGM of IIL said Blue Tongue disease which is affecting sheep and goat for that their company had released the country’s first vaccine. IIL currently has units in Gachibowli, Shamirpet and Ooty.

The company was engaged on six other vaccines for diseases in animals, which might take another two to three years for release said Mr Reddy.

The NDDB was taking up artificial insemination of cows under the Rs 2,242 crore-World Bank funded National Dairy Plan also said Mr Nanda Kumar. “Success rate is quite low when compared globally” he added.

Medaram Jathara

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