The country's largest food products marketing organisation Gujarat Co-operative Milk Marketing Federation (GCMMF), which sells its dairy products under the brand 'Amul' has increased butter prices by Rs 2 per 100 gram pack from next week, citing higher input costs.
"Due to an increase in the input cost, we have to pay more to milk producers, hence, butter prices have been raised by Rs 2 per 100 gram pack," Chief General Manager GCMMF R S Sodhi told PTI.
The price of the 100-gram butter pack has been raised to Rs 25 from Rs 23, effective next week as the new stocks are being dispatched, he added.
"Let me inform you that dairy fat prices have doubled the world over during the last three months. Considering this, the increase in butter prices is much lower than other food items," Sodhi said.
GCMMF had increased milk prices by Re 1 in August this year citing rise in input cost.
GCMMF has a daily average milk collection of 8.4 million litres and its sales turnover touched Rs 67,113 million last fiscal, he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
