Karnataka Milk Federation Withdraws Hike in Price of Milk & Curds Following Instructions From CM Bommai

Karnataka Milk Federation Withdraws Hike in Price of Milk & Curds Following Instructions From CM Bommai

The Karnataka Milk Federation (KMF) has KMF announced a hike in prices of milk and curds, recently after which, Chief Minister Basavaraj Bommai reportedly called up KMF chairman Balachandra Jharkiholi to keep the decision of hike on hold. Following instructions from the chief minister’s (CM) office, KMF has withdrawn the decision to hike the prices of milk and curds by Rs 3 that was to come into take effect on Tuesday, November 15.

The KMF had cited the increase in processing and maintenance costs in dairy farming during the last two years for the hike in prices of milk and curds. The KMF officials said the cost of materials used to prepare cattle fodder had shot up by at least 30%. Also, transport, packaging and electricity costs have also gone up by 20% to 35% during the last two years, the KMF statement said.