Milkfed Punjab raises milk procurement price
Babushahi Bureau
Chandigarh, April 28, 2026:Punjab’s apex dairy cooperative Milkfed Punjab has announced an increase in milk procurement prices, offering relief to dairy farmers across the state. The revised rates will come into effect from May 1, 2026.
Under the decision, the procurement price will be raised by ₹20 per kilogram of fat. The move has been taken under the leadership of Chief Minister Bhagwant Singh Mann, with the aim of improving farmers’ incomes and strengthening the rural economy.
Officials said the hike is expected to directly benefit nearly 2.5 lakh dairy farmers associated with Milkfed, which markets its products under the popular Verka brand. The decision is also seen as a step toward reinforcing the cooperative dairy structure in Punjab, where dairy farming plays a crucial role in sustaining rural livelihoods.
Industry experts believe the revision will have a wider impact on the dairy sector, as private players and other procurement agencies may also be compelled to increase their purchase prices to remain competitive. This, in turn, could benefit an estimated 30 lakh milk producers across the state.
As one of North India’s leading dairy cooperatives, Milkfed’s pricing decisions often influence the broader market. The latest hike is projected to inject an additional ₹100 crore per month into Punjab’s rural economy, providing a significant boost to farm incomes and local economic activity.