New Delhi: 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.
New Rate card
The new rate card was announced on Saturday by RS Sodhi, managing director of GCMMF. The price of full cream milk has gone up from Rs 61 per litre to Rs 63 per litre as a result of the rise.
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The well-known milk brand raised milk prices by Rs. 2 per litre on August 16 due to an increase in input costs earlier in the month.
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.
“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 added.
High inflation
However, high inflation had been a challenge for India.
For the record, retail inflation in India continued to be higher than the Reserve Bank of India’s mandated range of 2–6% for a third consecutive quarter. Retail inflation increased from 7% in August to 7.41% in September, according to data released on Wednesday.
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.
