India currently contributes about 25% of global milk production. About 10 crore Indian farmers are involved in milk and related sectors, which have an average of 2-3 animals. Dairy Veterans believe that Donald Trump’s fees will lead to silver in Indian dairy companies. Just last week, let us know that the US has implemented a mutual duty on Indian milk imports, including all countries. In such a situation, market access to India’s major dairy companies may increase in neighboring countries. In this regard, the Gujarat Co -operative Milk Marketing Association (GCMMF) MD. Jayen Mehta and National Milk Development Board Chairman Menesh Shah have said about some important points.
What a great opportunity for Indian dairy companies?
The producer of the Amul brand, the Gujarat Co -operative Milk Marketing Association (GCMMF) said that the world’s major dairy -producing blocks, including India, the United States, Europe, Australia and New Zealand, import almost every country. All countries will reduce market access to dairy products in the United States, and that we (Indian dairy companies) will open up market opportunities, ie, the exception of the US will impose the opposite tax.
During a conversation with the English newspaper of ‘Financial Express’, Jayen Mehta said, “I see it is an unexpected benefit to milk companies because it can improve market access 50%. I think the US will increase exports to Southeast Asia after the US has increased. Let us know that it is sending to 35 countries, including the United States.
The import duty of dairy products will not be reduced
Mehta said he did not find an immediate shortage of fees and unloaded obstacles imposed on India’s dairy products as they had to save the local industry. India has been the largest dairy producers in the world since 1998, followed by the United States. Mehta says that the US is exported to about 200 crores annually, which is one -fifth of total exports based on value. West Asia, East and Southeast Asia are its two best markets, from which total exports have 40% and 25% share respectively.
There is no debate on the reduction of import duty on milk products, according to sources in the dairy industry. For example, up to 30-60% fees on imported cheese and sloping milk powder in India, the Trump administration reiterated during last week’s release.
Global milk companies will not stand in India
In a conversation with ‘Financial Express’, the National Milk Development Board (NTTP) Chairman Menesh Shah said, “We do not think US fees will affect the country’s milk sector. This sector is constantly increasing and many small farmers are involved in milk production.” Shah also said that the largest dairy and transport costs in local production would not be practiced by global dairy companies.
In this issue, the President of the Indian Milk Association, R.S. Sodhi said, “We don’t need to damage the milk sector. It is growing at static speed. Milk is a way of the livelihood of many people. This is not just a business issue.” It is noteworthy that India’s milk production increased from 146.31 million tonnes to 239.30 million in 2023-24 in 2014-15, which increased by 63.55% over the past decade.
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