India’s milk imports soar as disease hits local cattle stock

Reuters was the first to reveal that India’s milk product imports are rising and the country is planning to allow duty-free imports. Milk prices in the world’s biggest producer have risen at their fastest rate in a decade, reaching a record high due to lumpy skin disease in cows and a drawdown in market-ready cattle stock after the coronavirus pandemic slowed breeding. Additionally, Reuters reported that consumption of dairy products has been rising rapidly, despite the stagnation in milk supplies. A day later, a senior government official confirmed the Reuters report in a press conference.