Mangaluru: Facing a persistent milk shortage, dairy farmers in Dakshina Kannada and Udupi districts are increasingly sourcing high-yielding cows from Erode in Tamil Nadu, a region known for its superior dairy cattle.

Over the past 18 months, more than 360 cows from Erode have been brought in with support from the Dakshina Kannada Milk Union Limited (DKMUL), The New Indian Express reported.

While local Jersey cows produce an average of 15 litres of milk per day, cows from Erode reportedly yield up to 30 litres, making them an attractive option for farmers aiming to boost output. DKMUL facilitates weekly visits to Erode’s Thursday cattle fair, where its officials, including veterinarians, accompany interested farmers.

These teams help verify the animals’ health and productivity of the animals before purchase, with DKMUL covering both transportation and insurance expenses.

Priced between Rs 60,000 to Rs 1.5 lakh, these high-yield cows are part of a broader strategy to bridge the gap between supply and demand. DKMUL currently produces around 3.97 lakh litres of milk daily—short of the 5 lakh litres required—forcing the procurement of additional milk from districts like Hassan, Mysuru, and Dharwad.

To address the shortage long-term, DKMUL is also investing in embryo transfer technology, wherein fertilised embryos from superior donor cows are implanted into local cattle. So far, 40 cows have undergone the procedure, which costs Rs 21,000 each. Farmers pay only Rs 1,000, with the rest subsidised by the Karnataka Milk Federation (KMF), DKMUL, and the Rashtriya Gokul Mission, added the report.

The effort is already showing results. In 2025–26, daily milk collection has risen by 16% compared to the previous year. DKMUL president Raviraj Hegde attributes this rise to a combination of factors such as better pricing for milk procurement, distribution of silage (nutrient-rich green fodder), and strategic support to farmers.

At Rs 40.76 per litre for milk with 4.4% fat and 8.5% SNF (solids-not-fat), DKMUL currently offers the highest procurement price in the state, TNIE quoted Hegde as saying.

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Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.

Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.

At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.

On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.

Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.

On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.

Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.

"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.