Vol. 11, Special Issue 11 (2022)

Author(s):
Pooja Hoolageri, Ashalatha KV, Pavan T and AS Patil

Abstract:
Dairy production and processing certainly appear to be the most important industry in terms of contributing to the global challenge of food security today and in the future. Dairy is one of the largest agri-businesses in India and a significant contributor to the economy. India is the largest milk producer in the world and production increased by 6.2 percent and reach to mt worldwide. The contribution of agriculture and allied sectors is decreasing year by year, but during the pandemic situation, it was the only sector that had sustained. After consideration of the role of milk industry and positive contribution of dairy industry in India’s Gross Domestic Product (GDP) in the pandemic situation, the research proposal come up with the investigation of the trend of milk procurement. This paper aimed to analyse the main trends in milk procurement and products production. It applied on secondary data of milk procurement on monthly basis from year 2013-2020 and milk products production from 2011-2020.The empirical data were collected from the Dharwad milk union limited (DMUL) and have been statistically processed using appropriate Polynomial fitting function model to provide analytical approach to describe trends of milk procurement and milk products production to identify the main trends. The study involved various polynomial degrees over the trend of milk procurement. From the study it was showed that 6^th degree polynomial is considered to be the best fit among all others as it showed highest R² value of and low RMSE value.