The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from Monday, Gujarat Cooperative Milk Marketing Federation (GCMMF) said. This is in view of the increase in the overall cost of operation and production of milk. With this, the price of the Amul milk pouch will go up by Rs 2 per litre in all markets across the country.
The increase of Rs 2 per litre translates to a range of 3-4 per cent hike in MRP which is much lower than average food inflation, the GCMMF said in a statement. The last time GCMMF had raised the milk price was in February 2023. Per the statement by the firm, the hike is necessitated to compensate farmers for their increased cost of production.
“This price hike is being done due to an increase in the overall cost of operation and production of milk. Our member unions have also increased farmers’ compensation by approximately 6-8 per cent over the last one year,” the GCMMF said.
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Amul as a policy 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 to encourage them for higher milk production,” the statement said.
With this hike, the revised milk prices for variants such as 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk will be at Rs 36, Rs 33, and Rs 30, respectively.
The announcement of price hike comes after the completion of voting process of the Lok Sabha elections.
(With inputs from PTI.)
From: financialexpress
Financial News
