India

Why India's milk prices are soaring

January 22, 2015 02:13 PM

India's wholesale price inflation is now close to zero, but don't tell that to millions of parents who face relentlessly rising prices for milk-a great weapon against malnutrition-for their children every day.

There has been a rise of 10% in inflation rate in milk on a year-on-year basis. Similarly, the rate of inflation over the last six months has always remained in double digits.

Retail consumer prices, too, continue to rise.

India is the world's largest producer of milk, churning out 16% global output, followed by USA, China, Pakistan and Brazil.

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