Amul's FY13 turnover to touch Rs 13,750 cr

The co-operative has registered an 18% growth in its annual turnover compared to previous fiscal

The country's largest dairy cooperative, Gujarat Co-operative Milk Marketing Federation's (GCMMF), that markets its products under the brand name Amul, turnover for the 2012-13 fiscal is likely to touch Rs 13,750 crore.

According to provisional figures, the cooperative has registered an 18 per cent growth in its annual turnover compared to the previous fiscal.

A senior official in Amul said, "Our turnover this fiscal is likely to touch Rs 13750 crore, marking an 18 per cent year-on-year growth compared to last fiscal. Average milk procurement grew by 19 per cent to 133 lakh litres per day during the year."

He added that pouched milk constituted around 50 per cent of its overall sales. Amul has also started two new dairies outside Gujarat during the year, one at Virar, a suburb of Mumbai, another at Dharuhera industrial estate in Haryana, bordering Delhi. Both the dairies have started production.

As far as payments to farmers went, the cooperative is yet to collate the figures for the net outgo, however, the official informed that GCMMF has paid around 10-12 per cent more to farmer for milk procurement compared to the previous year.

Amul has a network of over 3.2 million farmers from across different states.

The cooperative aims to grow milk procurement during FY14 by around 10-12 per cent.

Commenting on the trend of milk prices, the official said, "In the coming fiscal we expect milk prices to remain stable to a 7-8 per cent rise. Both production and demand are expected to remain healthy."

In 2012-13 around 1,000 new Amul Parlours have been added, taking the total strength to over 7300.

By the end of 2011-12, Amul had a network of 6312 parlours across the country.

In a recent letter to the commerce minister Anand Sharma, GCMMF managing director R S Sodhi, had raised the cooperatives concerns regarding the impact of the possible Free Trade Agreement (FTA) between the EU and India on dairy farmers in the country. Amul has strongly opposed to provide any kind of advantage on import duty on dairy products falling under Chapter 4 of HSN.