Amul hikes milk prices by Rs 2/litre in Gujarat from tomorrow

Image
Press Trust of India New Delhi
Last Updated : May 03 2014 | 7:18 PM IST
Dairy major Amul will raise milk prices by Rs 2 a litre in Gujarat from tomorrow.
The hike is owing to an increase in procurement cost, said the Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk under brand Amul.
It sells 45 lakh litres of milk per day in Gujarat.
"We are increasing the milk price by Rs 2 per litre for all variants in Gujarat," GCMMF Managing Director R S Sodhi told PTI.
Amul Gold (full cream) price will increase to Rs 46 per litre from Rs 44 a litre. Amul Taaza (toned) would cost Rs 34 a litre, while rates of Amul Shakti (standard) would be Rs 42 and Amul Slim-n-Trim (double-toned) Rs 32 per litre..
"We last increased the price in October. Since then, the procurement cost of milk has gone up. Inflation has gone up," Sodhi said while explaining the reason behind the company's decision to hike prices.
When asked whether GCMMF would increase prices in other markets, including Delhi-NCR, he said: "We are holding the price as of now. Let us see".
Amul is a major supplier of milk to the national capital region and sells about 26 lakh litres per day.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 03 2014 | 7:18 PM IST

Next Story