Tuesday, 27 September 2022

Amul to increase Milk Prices By ₹ 2 Per Litre from Tuesday

Amul hikes Milk Prices By ₹ 2 Per Litre from Tuesday

Cooperative Gujarat Cooperative Milk Marketing Federation Ltd GCMMF, which markets milk and milk products under the Amul brand, has increased milk prices by ₹ 2 per liter with effect from Tuesday due to a rise due to input cost.

GCMMF (Gujarat Cooperative Milk Marketing Federation) said it has decided to increase milk prices by ₹ 2 per liter in all Indian markets where Amul is marketing its fresh milk, effective from March 1.

It added.

"The increased of ₹ 2 per litre translates into 4% increase in MRP which is much lower than average food inflation,"

In the Saurashtra and Ahmedabad markets of Gujarat, the price of Amul Gold will be ₹ 30 per 500 ml, Amul Taaza will be ₹ 24 per 500 ml, and Amul Shakti will be at ₹ 27 per 500 ml.

GCMMF said.

"It is worth while to note that in the last 2 years Amul has made about 4% increase per year in prices of its fresh milk category,"

The increased price is being done due to the rise in energy, packaging, logistics, and cattle feed, which also increased the overall cost of operation and milk production.

Amul hikes Milk Prices By 2 Per Litre from Tuesday 1unsplash image

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The statement said.

"Considering the increase in input costs, our member unions have also increased farmers' price in the range of ₹ 35 to ₹ 40 per Kg flat which is more than 5% over last year,"

Amul Brand, as a policy, passes on almost 80 paise of every rupee paid by consumers for milk & milk products to the milk producers in the market.

GCMMF said

"The price updation shall help in sustaining remunerative milk prices to our milk producers and to encourage them for higher milk production,"

Gujarat Cooperative Milk Marketing Federation had last hiked milk prices in July 2021 by ₹ 2 per liter.

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