Amul hikes milk price by Rs 2 per litre, check new prices
The Gujarat Cooperative Milk Marketing Federation (GCMMF) has increased the prices of Amul milk by Rs 2 per liter ahead of Diwali. The increase will apply to all markets except Gujarat, an official source said on Saturday. The company is yet to reveal when the price change will take effect in the markets.
This will be the third time the GCMMF has raised the price of fresh milk this year. However, the price hike is limited to Amul Gold and Buffalo Milk, the source said.
With the price hike, the price of whole milk has already increased from Rs 61 per liter to Rs 63 per litre. However, we still have no information on when the price changes will happen. Amul is also yet to release an official statement on this matter.
Earlier in August, the prices of Amul Gold, Shakti and Taaza milk were hiked by Rs 2 per liter due to an increase in the overall cost of operation and production of milk. Earlier, Amul also increased milk prices in March.
Amul Gold milk prices have gone up by more than 10% in the last one year. With all these price hikes in March 2022 and August 2022, the price of a bag of milk has gone up to Rs 31 for all markets including Gujarat.
The rise in milk prices has also affected the price of other dairy products like buttermilk, cheese, butter and paneer. During a talk at the Gujarat Chamber of Commerce and Industry (GCCI) in May 2022, Sodhi defended rising milk prices and explained that high food inflation puts more money in the hands of farmers and milk producers. According to the GCMMF, the price of cattle feed has risen by 20 percent in the past one year, which has affected the price of milk.