BankingBanking & FinanceBusinessBusiness & EconomyBusiness Line

India: Amul will increase milk costs by Rs 2 per litre from June 3

List highlights

With the recent hike, the revised milk costs for variants equivalent to 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk stand at ₹ 36, ₹ 33, and ₹ 30, respectively.

The value of Amul milk across all variants has been hiked by ₹ 2 per litre with attain from Monday in stumble on of the amplify within the final cost of operation and manufacturing of milk, Gujarat Cooperative Milk Advertising and marketing Federation (GCMMF) said.

With this, the value of the Amul milk pouch will bound up by ₹ 2 per litre in all markets across the country.

The value of Amul milk across all variants has been raised by ₹ 2 per litre with attain from June 3, said Jayen Mehta, MD of GCMMF, which markets the milk and dairy products beneath the ‘Amul’ notice.

The final time GCMMF had raised the milk notice used to be in February 2023. The hike is necessitated to compensate farmers for his or her elevated cost of manufacturing, Mehta said.

With the recent hike, the revised milk costs for variants equivalent to 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk stand at ₹ 36, ₹ 33, and ₹ 30, respectively.

“The amplify of ₹ 2 per litre interprets to the vary of three-4 per cent amplify in MRP which is a lot decrease than the moderate food inflation. It is a long way purposeful to ticket that since February 2023, Amul has made no amplify in costs of recent pouch milk in fundamental markets,” GCMMF said in a observation.

This notice hike is being carried out attributable to the amplify within the final cost of operation and manufacturing of milk, it said.

Amul as a policy passes on almost 80 paise of each and each rupee paid by shoppers for milk and milk products to profit from producers, per GCMMF.

“The value revision shall abet in sustaining remunerative milk costs to our milk producers and to relief them for larger milk manufacturing,” it added.

Content Protection by DMCA.com

Back to top button