Those buying the milk supplied by Mother Dairy in Delhi-NCR will have to pay ₹2 per litre more as the milk cooperative has increased the price of its popular product. The increase will come into effect from Sunday.
Mother Dairy had last increased the price of milk about two years ago, in December 2019.
The company said that operational costs and the price which it pays to procure milk from dairy farmers has gone up by 8-10 per cent in the last one year leading to the hike.
The revision of prices will also be effected into other key markets in east and central Uttar Pradesh, Mumbai, Nagpur and Kolkata where Mother Dairy supplies milk.
“The company has been experiencing inflationary pressure on the overall input costs which has increased multifold in last one year, accompanied by the distress in milk production due to the ongoing pandemic,” Mother Dairy said in a statement.
“It is pertinent to note that the farm prices of milk alone have firmed up by about 4 per cent in the last 3-4 weeks. Despite paying higher prices towards milk procurement in the last one year, the consumer prices were kept intact. With this revision, the milk prices are undergoing a revision of 4 per cent,” the company further said in the statement.