Year: 2023 | Month: December | Volume 10 | Issue 4

Performance Review of Dairy Cooperative Sector in Odisha: An Analysis

K. Srinath Amalendu Kumar and Nihar Amar Rath
DOI:10.30954/2394-8159.04.2023.3

Abstract:

The dairy cooperative model began with Anand Milk Union Limited (AMUL) in 1942, catalysing the “White
Revolution” that transformed India’s dairy sector. Today, dairy cooperatives benefited millions of farmers and
consumers, making India world’s largest milk producer. India contributed about 24 percent of the global milk
production, with a total of 221.06 million metric tonnes annually as per the financial year 2021-22. The study
analysed structural change and performance of Odisha state cooperative milk producers’ federation both at
federation and union level with the help of secondary level data. The study finds that continuous positive growth in milk procurement, societies organized number of functional DCS increases, increase in organized memberships and improvement in the financial performance of the entity demonstrates a stable share capital, accompanied by remarkable growth in turnover, gross profit, and net profit at federation level in between the studied years 2010-2011 to 2019-2020. The cooperative consistently expanded its operational reach by increasing functional DCS and attracting more members during the referred period. Although the dairy industry in Odisha showed remarkable growth in last decade there is still large gap between state and overall country level. There is huge potential present that needs to be harnessed. There for suitable steps will be required from the state government for utilizing the existing potential of milk through procurement by cooperative.



Print This Article Email This Article to Your Friend

AgroEcoomist-An International Journal In Association with AAEBM