Bucking the grim pandemic-induced crisis in the last two years, Kerala’s cooperative dairy major Milma recorded a 25 percent increase in its turnover in 2021-22. Significantly, the higher turnover has been achieved by Milma in the last two financial years without cutting down the procurement price of milk from farmers and without increasing the selling price. Also, a slew of special incentives and subsidies were passed on to nearly one million dairy farmers affiliated with the multi-tier cooperative network.
In 2021-22, Kerala Cooperative Milk Marketing Federation (KCMMF), a household name in the state known by the brand Milma, increased its turnover to Rs 4,300 crore from Rs 3,388 crore the previous year. In 2019-20, Milma’s turnover stood at Rs 3,210 crore. “The last two years have been tough with the Covid-19 pandemic triggering an all-around crisis. But Milma has been able to come through unscathed, living up to the unflinching faith reposed on the network by thousands of farmers and loyal customers”, said Milma Chairman Shri KS Mani. Milma, along with its three Regional Unions, has achieved an all-time increase in procurement, distribution, turnover, and profit in the last two years despite severe constraints imposed by the pandemic, he said.
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