Dairy product maker Amul has announced to increase the price of milk by Rs 2 per litre. The prices will come into effect from Tuesday. Amul had last hiked milk prices in July 2021 by Rs 2 per litre. In the last two years, it has hiked prices of the fresh milk category by 4 per cent per annum. After Amul, other milk brands like Mother Dairy are also expected to increase the prices soon.
In a statement, Gujarat Cooperative Milk Marketing Federation (GCMMF)said it has decided to increase milk prices by Rs 2 per litre in all India markets where Amul is marketing its fresh milk, effective from March 1. "The increase of Rs 2 per litre translates into 4% increase in MRP which is much lower than average food inflation," it added.
"It is worthwhile to note that in the last 2 years Amul has made only 4% increase per annum in prices of its fresh milk category," GCMMF said.
This price hike is being done due to rise in costs of energy, packaging, logistics and cattle feed that has led to an increase in the overall cost of operation and milk production.