Milk Prices

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday

A steep rise in the cost of services and consumables is prompting those in the restaurant, travel, and hotel business to revise their rate cards by 10-20% in the coming weeks

The stock jumped 19.23 per cent to Rs 548 on the BSE

Mother Dairy will increase milk prices by Rs 2 per litre in Delhi-NCR with effect from Sunday due to rise in procurement costs. The announcement comes within days after Amul and Parag Milk Foods increased prices by Rs 2 per litre each. "In view of the rising procurement prices (amount paid to farmers), fuel costs and costs of packaging material, Mother Dairy is compelled to raise its liquid milk prices by Rs 2/litre in Delhi NCR with effect from March 6, 2022," the company said on Saturday. Full cream milk will cost Rs 59 per litre from Sunday, up from Rs 57 per litre on Saturday. Prices of toned milk will increase to Rs 49, while double toned milk will rise to Rs 43 per litre. Cow milk prices have been hiked to Rs 51 per litre from Rs 49 per litre. Bulk vended milk (token milk) price has been raised to Rs 46 from Rs 44 per litre. It has also raised milk prices by Rs 2 per litre in Haryana, Western Uttar Pradesh and Uttarakhand. Markets beyond these select regions will be revise

Firm silent on extent of hike, says farmers faced cost push in the past nine months, which in turn led to an increase in procurement prices by Rs 3-4 a litre for the company

'Amul' brand of fresh milk will become costlier by Rs 2 per litre across the country from March 1, the Gujarat Cooperative Milk Marketing Federation (GCMMF) said

Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala on Tuesday denied farm leader Rakesh Tikait's allegation that there is a proposal to import milk from Australia.

Leading milk supplier Mother Dairy has increased milk prices in Delhi-NCR and other cities by Rs 2 per litre with effect from Sunday due to higher input costs

The price was being hiked after a gap of nearly one year and seven months

Khap panchayat in Hisar on Saturday decided to increase the rate of milk against farm laws and rising fuel prices

Pent-up demand in the post-Covid scenario, faltering supply due to delay in artificial insemination programme cited as reasons

Almost 80% of the price an end-consumer pays comes into the hands of the milkman, due to the existence of fewer middlemen and the efficient manner in which it travels from farm to kitchen

We plan to touch Rs 1 trillion of Amul brand's turnover in next five years, says GCMMF MD R S Sodhi

Milk farmers need support to deal with demand slump

They say they may be forced to cut down on milk procurement price during the coming flush season starting in the next few months, if the support is not available

The move follows widespread protests by farmers, whose realisations dropped sharply during sectoral lockdowns

Apart from reducing supply glut, recovery is also set to cut down pressure on dairy companies that are reeling under severe financial stress

GCMMF has been achieving a CAGR of more than 17 per cent since last 10 years on the back of higher milk procurement

Dairy farmers' realisation plunges Rs 5-7 a litre; Household consumption of milk products rises