Amul hikes milk prices by Rs 2/litre in Delhi, NCR from today
NEW DELHI: Dairy major Amul said on Monday that it will increase milk prices by Rs 2 per litre in Delhi NCR, Maharashtra and other states from Tuesday due to an increase in production cost. Milk prices were last revised two years back in March 2017, Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk products under the Amul brand, said in a statement.
The new price will come into effect from May 21 onwards and on all six brands being sold in major markets of Delhi-NCR, Gujarat, West Bengal, Kolkata, Uttaranchal, Maharashtra and other states, the GCMMF said in a statement.
The revised price of 500 millilitres (ml) pack of 'Amul Gold' in Ahmedabad will be Rs 27, 'Amul Shakti' at Rs 25, 'Amul Taaza' at Rs 21 and 'Amul Diamond' at Rs 28, it said. "This increase in milk prices by Rs 2 per litre has happened after a gap of two years with an aim to provide remunerative milk purchase price to our milk producers owing to drop in milk production and increase in the cost of production," GCMMF said.
Considering the increase in the cost of milk production, all member milk unions of Gujarat have increased the milk purchase price by a minimum of Rs 30-50 per kg fat (5-8 per cent) over the last few months, it said.
Milk prices were last revised two years back in March 2017, Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk products under the Amul brand, said in a statement.
According to GCMMF officials, the national and international dairy markets have witnessed adverse conditions for the last two years. Due to this, there has been a steep decline in the prices of commodities such as skimmed milk powder and butter oil which had resulted into decline in producer prices of milk across India leading to adverse impact on milk producers.
"The milk cooperatives of Gujarat, however, continued to pay remunerative prices of milk to its producers and the average final price of milk paid to our producers has increased from Rs 710 per kg fat in 2017-18 to Rs 730 per kg fat in 2018-19," the release states. The milk prices are being hiked due to increase in the price of major cattle feed ingredients such as de-oiled rice bran, rice polish fine, molasses, maize which has resulted in an increase in the cattle feed price by over 15 per cent.