Milk prices may rise again by July as El Niño threatens fodder supply
AI Summary
India's dairy industry anticipates additional milk price increases of 3-4% in coming months following recent 2-3% rises in May. Forecasts of weak monsoon rains and El Niño conditions are expected to reduce livestock feed availability, prompting concerns that farmers may reduce cattle herds and further limit milk output, thereby raising consumer prices.
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Dairy consumers might face another price hike by July or August, with industry experts warning of a potential 3-4% increase.
This follows a recent 2-3% rise in May.
Concerns are mounting over El Niño potentially worsening fodder shortages and impacting milk production, prompting the Maharashtra government to urge farmers to boost fodder cultivation.
Major dairies are closely monitoring the situation. ...
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