Mother Dairy has decided to hike full cream milk prices by Rs 1 per liter and token milk prices by Rs 2 per liter in the Delhi-NCR market with effect from Monday, citing increase in input costs.
Mother Dairy, one of the top milk suppliers in Delhi-NCR with a volume of over 30 lakh liters per day, has hiked milk prices for the fourth time this year.
Mother Dairy has increased the price of full cream milk by Re 1 to Rs 64 per litre, according to PTI, quoting a company spokesperson.
However, the firm has not changed the prices of full cream milk packed in 500 ml containers.
Token milk (milk sold in bulk) will be sold at Rs 50 per liter from Monday, as against Rs 48 per liter at present.
The increase in milk prices will put pressure on the household budget at a time when food inflation is already high.
Mother Dairy attributed the price hike to the increase in the cost of procuring raw milk from dairy farmers.
The company said erratic monsoon along with increased cost of feed and fodder has affected the availability of raw milk, which has put pressure on raw milk prices.
In addition, Mother Dairy has registered an increase in the demand for processed milk.
According to Mother Dairy, the price adjustment will allow the business to continue providing fair compensation to farmers while ensuring that consumers get high quality milk.
Mother Dairy gives milk producers about 75-80% of the prices paid by consumers.
On 16 October, Mother Dairy increased the price of full-cream milk and cow’s milk by Rs 2 per liter in Delhi-NCR and some other north Indian markets.
In March and August too, the prices were increased by Rs 2 per liter for all the variants.
Another important player in the Delhi-NCR market is the Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk under the Amul brand. About 40 lakh liters are sold daily.
India, the world’s largest milk producer, produces about 210 million tonnes of milk every year.
Read also: After Amul, Mother Dairy hikes full cream milk prices in Delhi-NCR
