Milk is ubiquitous in India from the morning glassful that most middle class school kids glug to its use in Hindu religious rituals. Now it could become a headache for Prime Minister Narendra Modi’s government as prices soar.
This May, the four Federal Milk Marketing Order (FMMO) milk pricing benchmarks fell just one penny short of achieving the first ever $25-plus-across-the-board milk price in U.S. history.