Amul cuts skimmed milk prices by 6-7% on weak domestic demand

Subdued global prices make exports unviable, outlook remains weak

Faced with a sharp decline in demand during the ongoing lean season, coupled with a sharp increase in supply, skimmed milk producers (SMP) have cut their product prices by six-seven per cent across all varieties.

The industry leader, the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells its products under the Amul brand, has revised its product prices by up to Rs 10 per kg. With this revision, SMP prices currently stand around Rs 220 per kg.

The SMP price cut indicates a sharp decline in demand from consumers. Normally, demand for SMP products remains robust during the festive