A sudden increase in demand for dairy products in the middle of an almost stagnant milk production in the last 1 year has resulted into limited supply situations and rise in prices, industry experts confirmed, and warned that rates may remain firm this summer.
After watching the situation of supply-demand gap closely the decision will be taken by the Central Government and National Dairy Development Board, whether the dairy products will be imported from other countries or not.
While announcing the monetary policy, RBI Governor Shaktikanta Das on Thursday said, “milk prices are also likely to remain firm going into the summer season due to tight demand-supply balance and fodder cost pressures”.
