Will review prices of milk after 4-5 months: Amul
11 Feb 2015 1:37 AM GMT
Dairy products giant Amul does not have any plans to raise milk prices for next 4-5 months but it would review the price situation during the monsoon season, a top official of the company said on Tuesday.
"Last price increase happened in May 2014. At present condition, we have no plan to raise prices in next 4-5 months because of higher production and procurement, Amul Managing Director R S Sodhi told PTI on the sidelines of AIMA event. The price increase is not required currently as cost of milk production is also under control in view of stable feed prices and lower energy and transportation costs, he said.
However, Amul would take a call on milk price hike during the monsoon season depending upon the feed and other costs.
"We will take a call after 4-5 months. If feed prices rise, then we will be forced to hike prices.
Otherwise, we will not do for the heck of it. Whenever we did, we raised it by Rs 2 per litre, which is just 4 per cent," Sodhi said.
"Last price increase happened in May 2014. At present condition, we have no plan to raise prices in next 4-5 months because of higher production and procurement, Amul Managing Director R S Sodhi told PTI on the sidelines of AIMA event. The price increase is not required currently as cost of milk production is also under control in view of stable feed prices and lower energy and transportation costs, he said.
However, Amul would take a call on milk price hike during the monsoon season depending upon the feed and other costs.
"We will take a call after 4-5 months. If feed prices rise, then we will be forced to hike prices.
Otherwise, we will not do for the heck of it. Whenever we did, we raised it by Rs 2 per litre, which is just 4 per cent," Sodhi said.
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