India, March 12 -- The Government of India issued the following news release:
Department of Animal Husbandry and Dairying (DAHD) does not have any plan to introduce price support scheme or subsidies for dairy farmers as DAHD does not regulate the procurement and sale prices of milk in the country. Prices are decided by the cooperative and private dairies based on their cost of production and market forces. In the Dairy Cooperative sector, about 70-80% of the consumer rupee is paid back to milk producer farmers.
The dairy sector contributes more than 5% to the agricultural economy. Milk & Milk products constitute a major share of the value of output from the livestock sub-sector; the value of milk output reached Rs. 11.16 Lakh Cr, surpassi...