Kochi, Jun 1 : State-owned Kerala Feeds Limited (KFL) clocked a turnover of Rs 495.85 crore in 2019-20, nearly hitting the target despite a crisis owing to the COVID pandemic towards the end of the financial year. KFL aimed a turnover of Rs 500 crore during the last fiscal, according to officials here on Monday.
“From the income we got selling each kilo of cattle feed, 91 percent was spent on buying raw materials. Yet we decided not to raise the prices,” KFL Chairman KS Indusekharan Nair said. “This compelled the private players not to hike prices too much, he said. In fact, we sold (50-kg bags) at a price that was 130 rupees less vis-à-vis the year-ago period,” Mr Nair added. MORE (UNI)