Dairy Industry Seeks 20% Export Tax on Oilmeals
INDIA - Domestic dairies have sought the imposition of a 20 per cent duty on export of oilmeal.For the latest week ended April 19, the wholesale price index (WPI) for oilcakes registered a year-on-year rise of 32.57 per cent, with these amounting to 45.43 per cent for rape and mustard cake, 30.30 per cent for groundnut cake and 41.67 per cent for de-oiled cake. These, in turn, have resulted in an annual increase of 14.46 per cent in the Wholesale Price Index for cattle-feed.
“We were supplying compounded cattlefeed to our farmers last year at about Rs 5,500 a tonne. But with ingredient costs going up considerably, the price of cattlefeed today is over Rs 7,000 a tonne,” Mr Vyas added. On the other hand, the WPI for milk has gone up by 9.32 per cent, which is much below the increase recorded for cattle-feed and oil-meals.
Source: Hindu Business Line