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In a bid to protect the interests of milk producers in Maharashtra, the state government is mulling to formulate guidelines for the minimum base price of milk based on the cost of production. "The government is positive about adopting the formula of the sugarcane crops of 70:30 ratio for milk producing farmers. In order to provide relief to milk producing farmers, the state government will implement this formula immediately," state Dairy Development Minister Mahadev Jankar said on Thursday.