Mother Dairy to hike milk prices by Rs 2 per litre in Delhi-NCR from Tuesday

Mother Dairy has decided to hike milk prices by Rs 2 per litre in DelhiNCR market with effect from Tuesday citing rise in input costsThis is the fifth round of hike in milk prices this year by Mother Dairy one of the leading milk suppliers in DelhiNCR with volumes of more than 30 lakh litres per dayMother Dairy has increased the prices of fullcream milk by Rs 2 to Rs 66 per litre while toned milk rate has been revised to Rs 53 per litre from Rs 51 per litreDoubletoned milk rate has been increased to Rs 47 per litre from Rs 45 per litreMother Dairy has decided not to raise prices of cow milk and token bulk vended milk variants The hike in milk prices will hit household budgetsMother Dairy attributed the hike in prices to increase in the companys procurement cost of raw milk from dairy farmersAlso Read Delhi Teacher hits Class 5 girl with scissors throws her from first floor of schoolIt is an unprecedented year for the dairy industry We have been witnessing a significant increase in demand of milk and milk products from both consumers and institutions even after festivals On the other hand procurement of raw milk has also not picked up after Diwali as was anticipated the company saidThe procurement prices of raw milk have gone up by about 24 per cent over the last year due to higher input costs and heatwave conditions it pointed outThis stress on the raw milk prices is being felt across the industry putting pressure on the consumer prices In our commitment to continue paying remunerative prices to farmers to ease the impact we are severely constrained to revise consumer prices of select variants of milk in Delhi NCR effective from December 27 2022 Mother Dairy saidAs a responsible organisation the company said it has always endeavoured to strike a right balance between farmers and consumers therefore we have been passing the increased input cost to our consumers partially on select variants and in a phased mannerMother Dairy passes on about 7580 per cent of prices paid by consumers to the milk producersThe company has taken several round of price increase in the current calendar year The last hike was on November 21 when it increased prices of fullcream milk by Re 1 per litre and token milk by Rs 2 per litre in DelhiNCR marketBefore that Mother Dairy had in October increased prices of fullcream milk and cow milk by Rs 2 per litre in DelhiNCR and some other markets in North IndiaRates were raised by Rs 2 per litre for all variants in March and August as wellGujarat Cooperative Milk Marketing Federation GCMMF which markets milk under the Amul brand is also a major player in the DelhiNCR market It sells nearly 40 lakh litres per day Milk output in India the worlds largest producer is around 210220 million tonnes annuallyThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever