Rs50 per litre hike in milk price demanded by Karachi farmers
Farmers threaten protest outside CM House if milk price hike notification not issued by Oct 1
KARACHI: Dairy farmers in Karachi urged the government to approve a Rs50 per litre hike in milk price, citing heavy losses caused by recent floods.
Addressing a press conference at the Karachi Press Club, Dairy Farmers Association leaders said recent floods had severely impacted Karachi’s dairy farmers.
“The rates of almost every item used in the dairy industry have risen by nearly 30%,” they said, warning that if the trend continued, there was a risk of animals starving to death.
The dairy farmers said they were already suffering losses of Rs3 billion per day in connection with the milk supply.
“More than one million animals [cattle and buffalo] are present in different colonies of the city, while the industry supplies 5 million litres of milk to Karachi on a daily basis,” they noted.
In view of the prevailing situation, the farmers said that an immediate increase of Rs50 per litre in milk prices was inevitable.
The farmers threatened to stage a protest outside the Sindh Chief Minister’s House if a notification for a hike in milk prices was not issued by October 1.
Milk is currently being sold at Rs220 per litre across the city.
-
Gold’s price drop explained: Drivers, risks and 2026 outlook
-
NSF fee changes in place across Canada as government limits charges on personal accounts
-
Adobe stocks drop after strong revenue but weak guidance for next quarter
-
Canada interest rates: what to expect amid rising oil prices and global uncertainty
-
Senate prioritizes Housing as Crypto bill hits new impasse, stalling Trump’s ‘Clarity Act’ agenda
-
South Korea markets sink as Kospi records worst day in decades amid Iran conflict
-
Silver, gold prices surge amid geopolitical uncertainty after US-Israel attack on Iran
-
Netflix, Paramount shares surge following resolution of Warner Bros bidding war
-
Paramount wins Warner Bros. bidding war as Netflix abandons deal: Here’s why
-
Singapore's Grab plans AI-driven expansion and new services to boost profit by 2028
-
Bitcoin bounces from $62,000 as on-chain metrics signal prolonged weakness: Here is everything to know
-
BTC price today: Bitcoin sinks below $65K on trade uncertainty