Dairy industries petition government intervention amidst reduced milk production and increased expenses due to Foot-and-Mouth disease outbreak.
Here's the revised article:
With a spike in foot-and-mouth disease cases rocking local dairy farms, milk prices have skyrocketed—a whopping 40% increase, companies report.
These industry heavyweights have petitioned the Ministry of Commerce and Industry for aid, seeking viable solutions to this dairy disaster.
Confidential sources reveal that the Ministry has received reports detailing a 30-40% jump in operating costs due to the disease outbreak. This distressing situation has resulted in a drop of 20-30% in local milk production, drastically disturbing the supply, and hitting suppliers hard—particularly since milk is also a vital component of the state's ration card system.
The affected companies have proposed financial remedies to help offset the cost-revenue imbalance. However, Khalifa Al-Ajeel, the Commerce Minister, has reiterated that any solutions under consideration must not result in higher fresh milk prices for consumers.
Ministry officials are now meeting with key milk suppliers to examine the changes in their operational expenses. The goal is to find a financial solution to cope with increased costs without resorting to any form of price escalation.
Insider intel indicates that potential strategies include boosting farmer incentives, expanding milk exports, converting surplus milk into processed products, and engaging in strategic trade negotiations. The Ministry aims to find a balance between supporting farmers, growing markets, and managing supply while safeguarding consumers from exorbitant milk prices.
That being said, challenges still abound due to the disease's effects on local dairy productivity and the associated processing costs.
In the revised article, the affected companies have proposed business strategies that include financial remedies to cope with increased costs, and the Ministry is examining changes in operational expenses with the aim of finding a financial solution that doesn't lead to higher fresh milk prices for consumers in the business sector.
