India’s dairy products prices hike to 3.25%
- by admin
India’s largest dairy producer Shree Nandakumar said that his company’s annual costs had risen by 3.23% to $3.25 billion in 2016, a record high.
Nandackar said that the price hike to the dairy products market is due to the “recent spike in the global price of beef”.
The company is looking to diversify its product offerings, especially in the dairy and poultry segments, he said.
The dairy products segment of the company had been facing difficulties due to a spike in beef prices and other factors.
However, Shree said that in the past few months, the market was experiencing a revival, which led to the prices of beef to be cut by more than 10% to 3,25%.
The increase in prices came amid a strong growth in the industry.
The Shree group’s products include milk, cheese, cheese-flour, margarine, butter and cream, as well as sugar and milk, tea and milk products.
It sells its products in over 400 outlets in India, the country’s biggest producer of milk and dairy products.
India’s largest dairy producer Shree Nandakumar said that his company’s annual costs had risen by 3.23% to $3.25 billion in…
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