New Delhi: Mother Dairy has announced to increase prices of milk by Rs 2 per litre in Delhi-NCR on Saturday. The new prices will come into effect from Sunday in the region.
It is reported that Haryana, Western Uttar Pradesh and Uttarakhand will also witness the price change. Furthermore, the revised prices will be implemented beyond the selected regions in a phased manner.
Announcing the development, the company released the statement, ”In view of the rising procurement prices (farmers’ cost), cost of packaging material, fuel costs, Mother Dairy is compelled to raise its liquid milk price by Rs 2 per litre in Delhi NCR with effect from March 6, 2022.”
Mother Dairy follows Amul and Parag Milk Foods
Amul on Monday had hiked the price of milk by Rs 2, citing the rising production cost. Following Amul, Parag Milk Foods also increased the price of its Gowardha brand of cow milk by Rs 2 per litre.
Now, Mother Dairy also increased the prices of milk.
Mother Dairy added in its statement, ”The surge in farm prices is only being partially passed on to the consumers, with an effective revision of only 4%, which is lower than the increase witnessed in the farm prices and overall food inflation, thereby securing the interests of both the stakeholders.”
New milk price after hike
Mother Dairy informed that procurement prices have gone up by about 8-9% since July 2021. Also, it is experiencing a jump in the input costs of the product.
Mother Dairy increases the price of milk by Rs 2. The prices will come into effect from tomorrow (March 6, 2022) pic.twitter.com/tuUy4u1Y6N
— ANI (@ANI) March 5, 2022
The full cream milk of the company will cost Rs 59 per litre instead of Rs 57 per litre.
The tone mill will come at Rs 49, while double tonne milk will be sold at Rs 43 per litre. Cow milk prices will go up from Rs 49 to Rs 51 per litre.