DDC cuts farmer dues by Rs 52 crore, targets 150,000L daily milk
Summary
The Dairy Development Corporation says it has cut farmer arrears by Rs 52 crore in four months and is targeting daily milk collection of 150,000 litres. It has also begun exporting ghee to Dubai and is working to expand sales, reduce stocks and repay its debt.
Key Points
- DDC has reduced outstanding payments to farmers from Rs 72 crore to Rs 20 crore in four months.
- The corporation aims to raise daily milk collection from 65,000 litres to 150,000 litres by expanding collection centres and distribution.
- DDC has exported ghee to Dubai and is exploring cheese and peda exports to South Korea, Malaysia and Japan.
- The corporation says it is cutting stocks, expanding sales outlets in Kathmandu and trying to repay its Rs 1.26 billion debt.
