Need for caution on FTAs with dairy surplus countries
Sisir Pradhan Amul MD R. S. Sodhi in an exclusive interview with The Dollar Business cautions India on non-inclusion of dairy products in trade agreements, India’s milk production and how other food sectors can borrow a leaf from the Amul model. The Dollar Business (TDB): What is your observation on the global trend in the milk sector in the last couple of years and in the domestic market? RSS: World milk production is growing slightly less than 2% but India’s milk production is growing at 4.5%. Another major trend is that the world over prices being paid to milk farmers is on a decline. In India too, milk farmers in Maharashtra, Rajasthan, Uttar Pradesh and Haryana are getting 20-30% lower price when compared ...
Next fiscal likely to open up new export markets for Dairy Industry
Jayarama Emani | The Dollar Business “The global dairy market is in turmoil. One of the reasons for this turmoil is the new strategy adopted by China lately,” said India Ratings & Research (Ind-Ra), a credit rating agency. In its latest report on Indian Dairy Industry released on March 19, 2015, Ind-Ra said that China instead of importing milk and milk items is increasingly meeting its dairy demand by buying up diary assets in New Zealand. This is similar to the strategy China adopted earlier with respect to sourcing of natural resources to meet its domestic demand. India’s dairy exports haven’t performed well during the first eight months of FY15 due to a drop in international prices backed by lacklustre international demand, rising domestic ...
