Amul, Mother Dairy raises milk prices by Rs 2 per litre

Amul and Mother Dairy has raised the prices of milk by Rs 2 per litre with effect from Wednesday Mother Dairy is compelled to raise its liquid milk prices by Rs 2litre with effect from August 17 2022 The new prices will be applicable for all milk variants it said in a statement on TuesdayIt said the company has been experiencing a surge in input costs which have increased multifold during the last five monthsFor instance the farm prices of raw milk have alone firmed up by about 1011 per cent in the said period Likewise the cost of feed and fodder has also witnessed a significant rise during the same time due to the heatwave observed earlier in the country and on account of the extended summer season the statement addedIt claims the surge in farm prices is only being partially passed on to the consumers thereby securing the interests of both the stakeholders consumers and farmersAs a responsible organisation Mother Dairy has consistently worked towards providing remunerative prices to the milk producers thereby ensuring the sustainability of dairying and availability of quality milk it addedAlso Read Mumbai Ayodhya mandir inspires theme for Lalbaugcha RajaIt is important to note that Mother Dairy passes around 7580 per cent of the sales realization from milk towards the procurement of milkEarlier today Amul too decided to increase the prices of milk by Rs 2 per litre with effect from Wednesday because of rising input costsPost the revision the price of Amul Gold in Ahmedabad and Saurashtra markets will be Rs 31 per 500 ml Amul Taaza will be Rs 25 per 500 ml and Amul Shakti will be at Rs 28 per 500ml it said in a statementThe increase of Rs 2 per litre Amul said in the statement translates into a 4 per cent increase in maximum retail price MRP which is lower than average food inflationThis price hike is being done due to an increase in an 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 89 per cent over the previous year the statement addedAmul passes almost 80 paise of every rupee paid by consumers for milk and milk products to the milk producersThe price revision shall help in sustaining remunerative milk prices to our milk producers and to encourage them for higher milk production the statement saidThe Gujarat Cooperative Milk Marketing Federation GCMMF is the parent firm of the dairy brand AmulThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever