Amul, Mother Dairy to hike milk prices by ₹2 per litre from today

Amul, Mother Dairy to hike milk prices by ₹2 per litre from today

 

 

 

 

 

MILK prices increased from today as leading milk suppliers Amul and Mother Dairy had announced a price hike of ₹2 per litre on account of rising input costs. 

This is the second hike in six months by both brands, earlier in March, both had increased milk prices by ₹2 per litre.

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and other dairy products under the Amul brand, on Tuesday said it has decided to increase the milk prices by ₹2 per litre in Ahmedabad and Saurashtra of Gujarat, Delhi-NCR, West Bengal, Mumbai and other markets effective from August 17.

The hike of ₹2 per litre will translate into a 4 per cent increase in MRP (Maximum Retail Price) which is lower than the average food inflation, it said in a statement.

"This price hike is being done due to an increase in the overall cost of operation and production of milk. The cattle feeding cost alone has increased to approximately 20 per cent compared to last year. Considering the rise in input costs, our member unions have also increased farmers' prices in the range of 8-9 per cent over the previous year," GCMMF said.

The co-operative passes on almost 80 paise of every rupee paid by consumers for milk and milk products to the milk producers.

The price revision shall help in sustaining remunerative milk prices to our milk producers and encourage them to higher milk production, the GCMMF said.

Separately, Mother Dairy announced that it will hike milk prices in the Delhi-NCR (National Capital Region) by ₹2 per litre from Wednesday.

Mother Dairy is a leading milk supplier in the Delhi-NCR market and sells more than 30 lakh litres per day in poly packs and through vending machines.

A company official on Tuesday said it is "compelled" to raise its liquid milk prices by ₹2 per litre with effect from August 17, 2022. The new prices will be applicable for all milk variants.

Full cream milk will cost ₹61 per litre from Wednesday, up from ₹59 per litre. Prices of toned milk will increase to ₹51 while double toned milk will rise to ₹45 per litre. Cow milk prices have been hiked to ₹53 per litre.

Bulk vended milk (token milk) price has been raised to ₹48 from ₹46 per litre.