Business

Milk price hiked by Rs.

New Delhi, Milk prices have increased once again. On Tuesday, both the big companies Amul and Mother Dairy announced a hike in prices amid reports of lower inflation. Both the companies have increased the price of milk by Rs 2 per litre. The new rates will be applicable from August 17. Earlier in March, milk prices were increased. Since March, the price of milk has gone up by Rs 4 a liter in five months.

After the increase in prices, now half a liter of Amul Gold milk will cost Rs 31 and Amul Shakti will cost Rs 28. Mother Dairy’s full cream milk price will increase from Rs 59 per liter to Rs 61 per liter from Wednesday. The cost of toned milk is Rs 49 and that of double toned milk is Rs 43 per liter, while the cost of cow’s milk is Rs 51 per litre. In all, an increase of Rs 2 per liter means an increase of four per cent on the retail price.

Amul has attributed the increase in prices to the increase in the prices of milk production. According to the company, the price of animal feed has increased by about 20 percent compared to last year. In view of the increase in input cost and animal feed, the milk unions affiliated to Amul Federation have also increased the milk purchase price of farmers by eight to nine per cent as compared to last year. Keep in mind that every time the price of Amul increases and after that Mother Dairy increases its prices.

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