There has recently been a big increase in the price of milk in the country. Most of the dairy chains have hiked the price.
The Competition Commission of India will examine the price rise and its ramifications. Minister of State for Corporate Affairs announced this in Parliament.
The government of India will take necessary steps to stabilize the milk prices in the country, the Minister added.
Readers could recall that milk prices have been hiked by double in recent years leading to hue and cry among consumers.
Milk industry sources say there is a big disparity between demand and supply in the country. The country produces nearly 12 crore littre of milk per annum while there exists a much bigger demand.
However, some commentators say if milk and its products keep getting pricey, this may pose a serious health problem for those who are just able to make both ends meet.