Indian Dairy Farm Sector: Opportunities and Challenges
India’s 2016-17 forecast of milk production is pegged at around 1.6 billion litres subject to normal monsoon (which has already occurred) and considering a growth of over 4% over the previous year. The estimated production for SMP and ghee is estimated to be about 0.57 Million MT and 5.4 Million MT respectively. SMP production may show a slight increase provided global commodity prices move north catching up the current improving trend.