Milk prices may rise again by July as El Niño threatens fodder supply

AI Summary

Milk prices in India may increase by 3-4% by July or August due to El Niño conditions threatening fodder supplies and compromising milk production. The Maharashtra government is encouraging farmers to increase fodder cultivation to mitigate this impact.

Dairy consumers might face another price hike by July or August, with industry experts warning of a potential 3-4% increase. This follows a recent 2-3% rise in May. Concerns are mounting over El Niño potentially worsening fodder shortages and impacting milk production, prompting the Maharashtra government to urge farmers to boost fodder cultivation. Major dairies are closely monitoring the situation.