Why Milk Prices have Fallen for Farmers?

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www.ambitionias.com
  • Since April-May 2014, milk realisations for farmers have collapsed by around Rs 10 per litre. The blame for this can be laid primarily on global factors.
  • Prices of skimmed milk powder (SMP) at GlobalDairyTrade averaged $ 1,792 per tonne on Feb 2nd 2016.
  • The corresponding rate on April 1, 2014 ruled at $ 4,126 per tonne, which itself was below the record $ 5,142 for the same period the previous year.
  • The global crash has brought exports to still.
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