June 20, 2024 08:36 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Sending shockwaves, man kills girlfriend in full public view with a spanner in Mumbai | 'It will be you versus me in Maharashtra polls': Uddhav Thackeray challenges PM Modi | With Modi's re-election, Justin Trudeau wants to engage on some 'very serious issues' | Fire breaks out at iconic Hollong Bungalow in Bengal's Jalpaiguri | Portion of under-construction bridge collapses in Bihar's Araria
Amul hikes milk prices by Rs 2/lt across all variants with effect from today
Photo Courtesy: File image by Sumita Roy Dutta via Wikimedia Commons

Amul hikes milk prices by Rs 2/lt across all variants with effect from today

| @indiablooms | 03 Jun 2024, 12:36 pm

Ahmedabad/IBNS: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name 'Amul', on Sunday (June 2) hiked the prices of milk by Rs 2 per litre across all variants, reports said.

The company said in a statement that the new price will be effective from Monday (June 3) in all markets across the country.

Accordingly to reports, the GCMMF, India's largest dairy producer, has attributed the hike to the rise in input costs.

With the revision, Amul buffalo milk will cost Rs 73 per litre and cow milk Rs 58 per litre, reports said.

“This price hike is being done due to the increase in overall cost of operation and production of milk. Our member unions have also increased farmer’s [milk procurement] price approximately by 6-8 percent over the last year,” GCMMF said in the statement.

“It is worthwhile to note that since February 2023, Amul has made no increase in prices of fresh milk pouch in major markets,” the statement read.

GCMMF, in the statement, said Amul passes on almost 80 paise of every rupee paid by consumers to milk producers. 

“The price revision shall help in sustaining remunerative milk prices to our milk producers and encourage them to target higher milk production," according to the statement.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.