OMFED raises milk prices by Rs 2 in Odisha

Image
Press Trust of India Bhubaneswar
Last Updated : Dec 16 2014 | 6:07 PM IST
The state owned Odisha State Co-operative Milk Producers' Federation Limited (OMFED) has decided to raise milk prices by Rs 2 per litre from December 21.
Consumers would have to pay Rs 34 a litre of toned milk, which was priced at Rs 32 per litre. The last time OMFED raised prices of milk was in August. Double toned milk would now be priced at Rs 32 per litre.
"The hike will directly benefit milk producers in the state," said OMFED chairman-cum-managing director Bishnupada Sethi.
OMFED, sources said, was forced to raise the price as producers were unwilling to supply milk at the prevailing prices because of mounting input cost, cattle feed and transportation charges.
Basant Kumar Mishra, General Manager OMFED said consumers would have to pay the revised prices of milk instead of the printed rate till the old polythene packets were exhausted.
OMFED has been procuring about 4.5 lakh litres of milk per day to produce about five lakh litres of milk and milk products with the help of nearly 3,600 milk cooperative societies spread across the state.
Increase in cost of electricity, pasteurization and labour rates in the past few months have prompted the government to pass the extra burden on to the consumers, OMFED sourcers added.
*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: Dec 16 2014 | 6:07 PM IST

Next Story