Milkfed Hikes Price By Rs 20 Per Kg Milk Fat
Chandigarh, March 31: Punjab Co-operation Minister Harpal Singh Cheema on Thursday announced to increase milk procurement or purchase price by Rs. 20 per kg milk fat from April 1 to support its milk producers.
Giving the details, Cheema said that the recent increase in diesel or petrol prices as well as the sharp price rise in raw ingredients used in production of cattle feed for animals, has reduced the profits of milk producers. Milkfed has decided to increase its milk procurement rate by Rs. 20 per kilogram milk fat in order to help the farmers to increase their profit.
He said that considering the increase in day to day expenses incurred by the milk producers on account of milk production costs, Milkfed had previously increased its milk procurement rates by Rs 20 per kg milk fat on March 1, 2022.
Additional Chief Secretary, Co-operation Anurag Agarwal said that Milkfed Punjab has always been supporting its Milk Producer Members involved in the dairy business, especially during the Covid pandemic period. The private milk players stopped buying milk from the milk producers across the state during the pandemic days. Some of the private milk buyers drastically decreased their milk purchase prices which badly affected the small and marginal dairy farmers. But to support Punjab’s milk producers, Milkfed is increasing its milk procurement price by Rs 20 per kg milk fat from April 1, he added.
Arun Sekhri, Registrar Cooperative Societies, Punjab, said that the increase in milk prices would not only benefit the existing milk producers but will also attract the unemployed educated youth towards the dairying business which ultimately can be helpful in reducing the unemployment in the state.
