Dairy co-operatives account for the major share of processed milk marketed in the country. Milk is processed and marketed by 170 Milk Producers' Cooperative Unions, which federate into 15 State Cooperative Milk Marketing Federations. The success story of dairy development in India can be further strengthened if suitable pricing policy is made favorable to the nearly 70 million rural milk producers. Thus, pricing of milk must prove to be an instrument through which the producer recovers his cost and makes profit. The study focus on to: •Work out cost of milk production; •Explore existing milk pricing policy; •Estimate the bulk line cost and suggest milk procurement pricing for buffalo and cow milk; •Discussed the policy implications of the study for research and practice. This book is a one step resource for the Indian planner, policy makers, business associates, academician, and students.