Dairy products of India specifically the non-fat-dry milk??
Of late, the latest USDA report reveals that the dairy products of India specifically the non-fat-dry milk is being estimated to remain flat at 30,000 tonnes next year. This was the outcome on the expectations of high global supplies and low prices. If a normal monsoon occurs in the year of 2016, then the milk production will be augmented by 4.8 percent, touching 154 million tonnes. It has been proclaimed by the Us Department of Agriculture that there will be a breakthrough in the domestic consumption of milk by 5 per cent, which will ultimately touch the 62.75 million tonnes mark.
A report made by the USDA, breaks the news that the overall export of the dairy products of India are still lower due to the up surging in the domestic consumption. Also the international prices of the dairy product will remain lower owing to the excessive global supplies across the world. India, which stands out to be the largest producer of milk in this present era, exports its dairy products to the milk –deficient nations like Bangladesh, Pakistan, Nepal, Bhutan, UAE and Afghanistan. Likewise, casein, butter and other dairy products are exported by India in small scale to the neighbouring countries.
It has been estimated from the statistical data that the production of certain dairy products in India like the butter and ghee would soon have an increase in its yield.
This increase is 3 per cent, which means the total production of these products will be 5.2 million tonnes. As a result of population growth and demographic shifts, this phenomenal change in the yield of dairy products will take place by 2016. In order to cope up with the situation of the rising demand in the consumption of dairy products in India, the cooperatives and the private sector dairies are increasing their production.
Conclusion- In a word, it may be concluded that, the latest report made by the USDA reveals that the dairy products of India, specifically the non-fat-dry milk is being estimated to remain flat at 30,000 tonnes by next year.
The international prices of the dairy product will remain lower owing to the excessive global supplies across the world. India, which stands out to be the largest producer of milk in this present era, exports its dairy products to the milk –deficient nations like Bangladesh, Pakistan, Nepal, Bhutan, UAE and Afghanistan. The cooperatives and the private sector dairies are increasing their production to cope up the demand in the long run.
Article Source : Economic Times
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