MyMUL third most profitable milk union

Mysuru: In the past three financial years, excluding the current one, the Karnataka Milk Federation (KMF) has registered a cumulative profit of Rs 188.2 crore, with the Mysuru District Co-Operative Milk Producers’ Societies’ Union Ltd (MyMUL), one of the 14 unions associated with the federation, slotting in at the third spot on the list of most profitable unions in the state for 2021-22. With a profit of Rs 7.7 crore registered in 2021-22, MyMUL trails only Bengaluru, and Dakshina Kannada, while the union in neighbouring Mandya district has bagged the fourth spot, with a profit of Rs 7.1 crore. However, if one were to take the total profit registered by the unions over three years, Mandya pips Mysuru to take the third slot – Mandya has earned a profit of Rs 20.1 crore, while Mysuru earned Rs 19.5 crore.
The Bengaluru union registered a profit of Rs 45.4 crore, Dakshina Kannada Rs 21.2 crore over the past three years. With a registered profit of Rs 17.4 crore over three years, Kolar union completes the top five list on the rankings’ table.

Responding to former minister and senior JD(S) leader HD Revanna on the floor of the assembly in the recently concluded assembly session in Belagavi, cooperation minister ST Somashekar said that the state government had paid Rs 3,910.76 crore to milk suppliers, offering Rs 5 as incentive for every litre of milk. Somashekar, also district in-charge minister for Mysuru, said that none of the 14 unions had incurred losses in the past three years.
Between April 2019 April 2022, KMF revised the price of milk only twice – on February 1, 2020, and November 24, 2022, each time by Rs 2 per litre.
MyMUL president PM Prasanna said that milk produced in Karnataka was being supplied even to consumers in neighbouring states such as Telangana, Tamil Nadu, and Maharashtra. “We can register higher profits if KMF extends further support. The market is expanding rapidly, and the union is doing well,:” Prasanna said.