For the third time this year, Diary brand 'Amul's parent company – The Gujarat Cooperative Milk Marketing Federation (GCMMF) on Saturday increased the prices of full cream milk and buffalo milk by Rs 2 per litre across all the states except Gujarat.
The Managing Director of GCMMF RS Sodhi informed about the new rate card setting the price of full cream milk from Rs 61 per litre to Rs 63 per litre.
- The prices of the milk were earlier increased by Rs 2 per litre on August 16 and prior to that in March.
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 had added.
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