September 27, 2023

India’s agricultural production statistics sometimes present dissonances with consumption data. The household consumer expenditure data are more than a decade old, and an update is urgently needed. How much milk does India really produce? What is its actual domestic requirement of cereals or sugar? These are simple questions, but basic to understanding the market for …

Why India’s agri production stats need a ground reality check Read More »

The current price inflation in milk is mainly due to a shortage of fat. It has led dairies to hike full-cream milk prices or to cut fat content through rebranding of existing products. Also, milk does not attract GST, while fat and powder used in reconstitution does, an anomalous situation for which the consumer ultimately …

A big fat problem in milk: What’s driving up prices? Read More »