New Delhi: “Prices have been increased by Rs 2 per litre for Amul Gold and buffalo milk due to increase in fat prices,” Gujarat Cooperative Milk Marketing Federation (GCMMF) managing director R S Sodhi said. Two of India’s biggest dairy product companies Amul and Mother Dairy have decided to increase the prices of milk by Rs 2 per litre. Amul, Mother Dairy hike milk prices by Rs.2 per litre.
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and related products under the brand name ‘Amul’, has increased the prices of full-cream milk and buffalo milk by Rs 2 per litre. While Amul didn’t specify from when the price hike will come into force, Mother Dairy said its price revision is effective from October 16, 2022.
With this, the price of full-cream Amul milk will go up from Rs 61 per litre to Rs 63 per litre. For the half litre, the price will increase from Rs 31 to Rs 32. The same was Rs 29 beginning calendar year 2022. For Amul, a price hike will be applicable in all states except Gujarat, which is scheduled to go into state elections by the end of this year.
“Amul has increased prices of full-cream milk, gold and buffalo milk by Rs 2 per litre in all states except Gujarat,” RS Sodhi, MD, Gujarat Cooperative Milk Marketing Federation Limited, said in a statement.The increase of Rs 2 per litre, as per Amul, translates into a 4 per cent increase in maximum retail price (MRP), which is lower than average food inflation.
“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 nearly 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,” noted the Amul statement.
This is the third time in 2022 that Amul is going for a price hike. In August 2022, Amul had hiked Amul’s Gold, Shakti and Taaza milk brands by Rs 2 per litre, citing an increase in the overall cost of operation and production of milk as the main reason. Milk prices were also hiked in March 2022.
Not only milk prices, but other dairy products such as cheese, butter and paneer have also seen price hikes in 2022. The triple rate hike in a span of just 7 months is a big setback for general consumers who already are struggling with high retail inflation. Milk is one of the most widely consumed food items in India and consecutive price hikes have the capacity to disturb an average household budget.
A Mother Dairy spokesperson said that the dairy industry has been experiencing a consistent surge in raw milk prices, which has increased by about Rs 3/kg in the last two months alone, owing to multifold increases in varied input costs. “Increased fodder prices and low rainfall in some northern states have aggravated the situation. We are, therefore, compelled to revise prices to support farmers and ensure the availability of quality milk for consumers.”
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