Thiruvananthapuram: The Kerala Co-operative Milk Marketing Federation (KCMMF), known by the brand Milma, has posted a turnover of Rs 4,346.67 crores during the financial year 2023-24, marking an increase of 5.52 per cent compared to last year.
In 2022-23, the turnover of Milma was Rs 4,119.25 crores. The figures were presented at its 51st annual General Body meeting held at the Milma Dairy at Kalpetta on Saturday. The meeting also approved a revenue budget of Rs 589.53 crores and a capital budget of Rs 70.18 crores. Besides, as Onam gift to farmers, Milma announced a cattle feed subsidy of Rs 100 per bag for 50 days.
Noting that the rise in cost has forced many dairy farmers to give up the field, the meeting passed resolutions urging the government to implement comprehensive projects to support and further strengthen the sector to attract more people to it.
Milma Chairman, Shri K S Mani, who presided over the meeting, said Milma has been implementing a slew of projects focusing on increasing milk production and the well-being of dairy farmers. “Milma and its regional unions have adopted various measures to keep cattle feed costs at affordable levels for farmers. Apart from giving additional milk prices, steps have been taken to offer attractive incentives to farmers to help them.”
Commenting on the diversification of Milma’s products, he said the ‘Repositioning Milma’ initiative has brought uniformity in price, design, packaging and quality. He informed that the availability of milk and Milma’s other products has been ensured during Onam.
The meeting, which passed 10 resolutions, called for a round-the-year cattle feed subsidy for farmers. The other resolutions passed by the meeting included providing cost-effective medical aid, insurance cover for dairy farmers and cattle, interest-free loans for buying cattle, conducting a comprehensive survey of cattle and milk production figures of the state, fair value for the land of dairy cooperative societies and creating a certain percentage of fund for dairy farmers from the revenue of private players, who make profit in the state after obtaining milk from other states at a lower price.
Kerala Biz News