Monday, November 1, 2010

Milk price surges Rs4/lit

Milk price surges Rs4/litKARACHI: Pakistan is the fourth large milk producer in the world; however, the prices of milk products continue to rise higher every other day, Geo News reported Monday.

Milk price has once again today mounted Rs4 per liter.

Talking to Geo News, Sindh Dairy Farm Chairman said milk was Rs44/lit last year, which has soared Rs12 to Rs56/lit this year.

To cap it all, milk price burgeoned by Rs4 from November.

It should be mentioned here that some days back, Sindh High Court (SHC) ordered milk be sold at Rs37/lit; however, this order could not be put into practice.

This time round, the cause of hike is the recent floods across Pakistan that killed at least 12 lakh cattle.

Pakistan produces 45 billion liters of milk annually. However, in contrast, only 36.2 billion of liters of milk were usable, as 20 percent milk go waste owing to inappropriate methods and lack of timely transportation.

The US has 3.4 million cattle as compared to five million cattle in Pakistan; but, the milk growth in country is far less than that in the US.

To better this system, at least Rs1.5 billion have been allotted to Pakistan Dairy Development; but, Rs500 million of the assigned money could be issued as yet.

At least 55 million people work in profession of dairy and livestock in the country.

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