15 October,2022 02:27 PM IST | New Delhi | ANI
Representative Image. Pic/iStock
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk products under the brand name 'Amul' increased the prices of full cream milk and buffalo milk by Rs 2 per litre across all the states except Gujarat, said officials on Saturday.
The Managing Director of GCMMF RS Sodhi informed about the new rate card.
With the hike, the price of full cream milk has increased from Rs 61 per litre to Rs 63 per litre.
Earlier in August, the renowned milk brand cited a rise in input costs and increased the prices of milk by Rs 2 per litre on August 16.
ALSO READ
Team India practice session in Perth shielded from cameras by stringent security
Global fossil emissions to reach record high in 2024; India's share to rise by 4.6 pc: Report
India says Starlink has to comply with all rules for licence
PETA urges Coldplay to serve vegan meals, encourage leather-free clothing
India's official entry to Oscars 'Laapataa Ladies' is now 'Lost Ladies,' check o
The increase of Rs 2 per litre, Amul had said in the statement, translates into a 4 per cent increase in maximum retail price (MRP) which was lower than average food inflation.
Also Read: Milk prices to remain firm: Amul MD RS Sodhi
"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," the statement had added.
However, high inflation had been a challenge for India.
For the record, India's retail inflation remained above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter. Data released on Wednesday showed retail inflation rose to 7.41 per cent in September from 7 per cent in the previous month.
Popular milk brands Amul and Mother Dairy had both last hiked milk prices by Rs 2 per litre in August to compensate for the increase in procurement costs. Before this, prices were increased in March.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
