Sunday, December 10, 2023

Mother Dairy to raise milk price by Rs 2 from Tuesday; fifth hike in 2022

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Mother Dairy would hike the price of its full cream milk products in Delhi and the National Capital Region from Rs 64 to Rs 66 per litre (NCR).

The increased pricing point, which was announced on Monday, will take effect on Tuesday. The retail price of cow milk and token milk variations, however, will not be changed.

This is the seventh increase in milk costs in 2022, making it an essential dietary item. Previous updates were completed in March, August, October, and November.

“It is an unprecedented year for the dairy industry. We have been witnessing a significant increase in demand of milk and milk products from both consumers and institutions, even after festivals. On the other hand, procurement of raw milk has also not picked up after Diwali as was anticipated. The procurement prices of raw milk have gone up by about 24 per cent over last year due to higher input costs, heatwave conditions, etc,” read a statement from a Mother Dairy spokesperson.

“This stress on raw milk prices is being felt across the industry, putting pressure on consumer prices. In our commitment to continue paying remunerative prices to farmers to ease the impact, we are severely constrained to revise consumer prices of select variants of milk in Delhi NCR, effective from December 27, 2022. As a responsible organisation, we have always endeavoured to strike the right balance between farmers and consumers. Therefore, we have been passing the increased input cost to our consumers partially on select variants/SKUs and in a phased manner,” the spokesperson said. 

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