CCI looking into milk price hikes

"... The Competition Commission of India is inquiring into the increase in the price of milk and its implications," Singh said in a written reply to the Lok Sabha.

He added that "as per the information furnished by the Department of Animal Husbandry, Dairying & Fisheries, the Government has already taken steps to augment the availability of liquid milk stabilise prices of milk and milk products."

Milk prices in the national capital and adjoining areas got dearer by up to Rs 2 per litre from mid-Arpil with two leading suppliers, Amul and Quality Dairy, hiking rates.

Gujarat Cooperative Milk Marketing Federation (GCMMF), the maker of Amul brand dairy products, has already increased milk prices in Gujarat and Mumbai in April.

In the last financial year, GCMMF, which supplies milk to major cities and important states, had announced a hike of around 14-15 per cent.

Milk production in the country now is at around 125 million litres. Its demand is growing at faster pace of 6 per cent than production. PTI RMI KSR NS