Kerala: Minister puts Milma profit at Rs.60 cr, chairman says not even Rs.6 cr
The chairman said Milma shared profit with the farmers whenever the price of the milk at the consumer side went up.
Differences between Kerala Minister K Raju and Kerala Co-operative Milk Marketing Federation (Milma) chairman Kallada Ramesh came to the fore at a conference at Chavara, Kerala, on Tuesday.
During his speech, the minister said despite Milma receiving a profit of over Rs.60 crore, it did not pass on the benefit to the dairy farmers by increasing their remuneration, Mathrubhumi News reported.
He also pointed out that Milma earned its right to decide the milk price through the court.
However, the Milma chairman, who spoke after the minister, said the Federation could not even earn Rs.6 crore and last year, it bought milk at a higher price than the previous years.
He said Milma shared profit with the farmers whenever the price of the milk at the consumer side went up. Responding to the Minister’s remarks, Ramesh said the right to fix milk price, which was achieved through the court, was actually something already held by it from long back.