Thursday, February 1, 2007

Export ban seen easing milk prices in India

Reuters reports
The government's decision on Thursday to ban the export of skimmed milk powder could help ease domestic prices of both milk and milk products, but also erode farmers' earnings and the nation's export credibility, industry officials said.

The ban comes days after a couple of dairies raised retail prices by 1-2 rupees a litre and a half a dozen others declared plans for similar increases, as farmers began charging them more.

However, the markets were also abuzz with talk that the government could impose a ban to boost local availability. The talk proved partially correct with the government decision against powder exports.

"We were presuming that government cannot ban exports and that this was only a rumour," D.K. Jha, general manager for marketing at Gopaljee group, told Reuters.
Proves the point of the previous post, does it not?

1 comment:

Anonymous said...

The UPA govt knows only to ban export of agricultural produces but does not no how he faces a problem by raising cost of labour ,machinery, water , seeds, drought .from a last independence he has been denied the oppertunity to get his produce any higer prices . so many sucides have been taken place