November 5, 2024

News , Article

Amul

Amul to Hike Milk Prices by Rs 2/Litre for All Variants from June 3

The price of Amul milk has increased by Rs 2 per litre starting on Monday. As a result, every market in the nation would see an increase in the price of the Amul milk packet by Rs 2 per litre. The Gujarat Cooperative Milk Marketing Federation (GCMMF) said that due to a rise in the overall cost of operation and milk production.

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As of June 3, all variants of Amul milk would cost Rs 2 more per litre, according to Jayen Mehta, MD of GCMMF, the company that sells milk and dairy products under the “Amul” name. The price of milk was last increase by GCMMF in February 2023. According to Mehta, the boost is require to make up for the farmers’ higher production costs.

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Amul Milk Prices Rise 3-4%, New Rates: Buffalo Rs 36, Gold Rs 33, Shakti Rs 30

The 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk have their updated pricing set at Rs 36, Rs 33, and Rs 30 correspondingly, according to the recent increase.

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“The increase of Rs 2 per litre corresponds to an MRP increase of approximately 3–4%, which is significantly less than the average inflation rate for food.” It is important to remember that Amul hasn’t raised the cost of fresh pouch milk in any significant markets since February 2023, according to a statement from GCMMF.

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Price Hike Due to Rising Operational Costs

It stated that the increase in milk production and operating costs is the reason for this price increase. As to the GCMMF, Amul distributes to milk producers around 80 paise for each rupee that consumers pay for milk and milk products. It further stated, “The price revision shall help to sustain remunerative milk prices to our milk producers and to encourage them to raise their milk production.”

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