No hike in milk prices in Punjab

Leading cooperative milk producer Milkfed on Friday ruled out any hike in milk prices saying it has surplus skimmed milk powder (SMP) to meet the requirement.

“There is no need to raise retail prices of milk this summer as we have enough supply of SMP which can be used for converting into milk and meet the requirement this season,” a Punjab State Cooperative Milk Producers’ Federation Limited (Milkfed) senior official said here.

Buoyed by the record increase in milk procurement, Milkfed in summer season did not raise procurement and retail price of milk.

“To raise milk procurement, we generally raise milk procurement price for dairy farmers in May or June which is followed by increase in retail rates. But this summer season we did not touch the rates,” he said.