Page 2 - Milk Prices

Prices not hiked as additional cost is for more quantity of milk: K'taka CM

Karnataka Chief Minister Siddaramaiah on Wednesday defended the Rs two hike in 'Nandini' milk prices with additional 50 ml of milk in half-litre and one litre packets, stating that it has been done keeping in mind the interest of farmers in view of rising procurement. He reiterated that milk prices have not been increased. "Last year during the same time milk (production) was 90 lakh litres (per day), now it is more than 99 lakh litre. We have to procure milk from farmers, we cannot say no to them, the milk is produced and it has to be marketed. So we have enhanced the half litre milk packet quantity by 50 ml," Siddaramaiah told reporters here. "The quantity has been enhanced and, proportionate to the increased quantity, the price has been hiked. The cost of 50 ml that has been enhanced in half and one litre packet is Rs 2.10, and we have increased Rs 2, where have we hiked the milk price?" he said. "Can we throw away (more) milk that has been produced? Can we say to farmers we will

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Bikanervala Foods won't hike sweets' prices; to absorb rise in milk prices

Bikanervala Foods Ltd said it will not increase the prices of sweetsas of now and has decided to absorb the hike in rates of milk by leading suppliers Amul and Mother Dairy. With effect from Monday, Amul and Mother Dairy have increased the liquid milk prices by Rs 2 per litre. "The recent surge in milk prices is likely to have an impact on the consumers and small sweet shop owners, leading to higher prices for milk-related products. However, it's important to note that the demand for 'mithai' and other milk-based products may not be significantly affected by these rising costs," said Manish Aggarwal, Director, Bikano, Bikanervala Foods Pvt Ltd. "We are absorbing the increased cost of milk and have no immediate plans to pass it on to our consumer," he added. Aggarwal said the company is carefully balancing consumer price sensitivity with price elasticity and competitive dynamics. "While we aim to maintain a steady volume momentum, if this scenario persists, we may need to consider

Amul milk price hiked by Rs 2 per litre across all variants from June 3

The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from Monday in view of the increase in the overall cost of operation and production of milk, Gujarat Cooperative Milk Marketing Federation (GCMMF) said. With this, the price of the Amul milk pouch will go up by Rs 2 per litre in all markets across the country. The price of Amul milk across all variants has been raised by Rs 2 per litre with effect from June 3, said Jayen Mehta, MD of GCMMF, which markets the milk and dairy products under the 'Amul' brand. The last time GCMMF had raised the milk price was in February 2023. The hike is necessitated to compensate farmers for their increased cost of production, Mehta said. With the fresh hike, the revised milk prices for variants such as 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk stand at Rs 36, Rs 33, and Rs 30, respectively. "The increase of Rs 2 per litre translates to the range of 3-4 per cent increase in MRP w

Mother Dairy launches buffalo milk in Delhi-NCR at Rs 70 per litre

Mother Dairy, one of the leading suppliers of milk and milk products, on Tuesday announced the launch of buffalo milk variant in the Delhi-NCR market and is expecting to make this new segment Rs 500 crore brand by March next year. Mother Dairy supplies 35-36 lakh litres of milk per day in Delhi-NCR and 45-47 lakh litres per day across India. In Delhi-NCR, it sells milk in pouches and milk booths. In an interview with PTI on Tuesday, Mother Dairy Managing Director Manish Bandlish said, "We are launching buffalo milk at Rs 70 per litre. We are introducing this variant in Delhi-NCR." Mother Dairy will be supplying 50,000-75,000 litres of buffalo milk per day in Delhi-NCR. The milk will be available in the market from this week. "By March 2025, we aim to reach 2 lakh litres per day. We intend to make the buffalo variant a Rs 500 crore brand in one year. This segment is growing. There is a demand for high-fat milk," Bandlish said. The Mother Dairy MD said the company would launch the .

FSSAI clarifies addition of protein binders not permitted in milk, products

Binding agents have emerged as an important and required class of ingredients to manufacture a wide range of new food products, especially semi-solid or solid foods

Cooler summer halts the dairy crisis, industry looks at a turnaround

What has caused this transformation and will it last? Milk industry veterans point to a couple of factors for this U-turn

Milk prices risen, but no supply shortage of dairy products: Rupala

The government on Tuesday asserted that there is no shortage of milk and other dairy products in the country, although milk prices have risen in recent months. Animal Husbandry, Fishery and Dairying Minister Parshottam Rupala, while briefing media on the Modi government's achievements in the last nine years, said the sector is likely to grow at 7 per cent in 2023-23 fiscal against over 6 per cent in 2022-23. "I will definitely admit that there has been an increase in milk prices...Government is trying its best to address the problem by increasing milk production and availability," he said. Leading milk suppliers like Amul and Mother Dairy have hiked prices of milk multiple times in the last one year, citing increasing procurement costs of milk from farmers. For instance, Mother Dairy has increased milk prices by Rs 10 per litre between March and December 2022. Stressing that there is no shortage of milk and milk products in the country, Rupala said that recently, there were reports

Diary sector should refrain from inter-state competition, says Milma

Milk Federations in the country should re-dedicate themselves to the founding ideals of the co-operative dairy movement while refraining from inter-state competition, said K.S.Mani

Further dairy price hikes unlikely as companies cut procurement rates

Owing to a fall in demand, the procurement price of milk has been cut by Rs 3-5 per litre in Maharashtra, Punjab, Haryana and Uttar Pradesh

Karnataka Assembly polls: Rahul Gandhi promises Rs 2 hike in milk subsidy

Congress' plans to increase the subsidy would force milk producers to sell their milk only to the Karnataka Cooperative Milk Producers Union (KMF)

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

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All you need to know about Amul-Nandini controversy in poll-bound Karnataka

The entry of Amul in Karnataka is being seen as an attempt to trample upon KMF and its brand 'Nandini'

Stagnant milk output: Dairy imports may be allowed after a decade

India usually imports high-value milk products but not mass-consumed items

Sweating over milk: India stares at supply crunch as summer sets in

Industry asks government to consider imports as the season of abundant stocks fails this year

Some fodder for thought

Uptrend in milk prices can be attributed chiefly to the steadily worsening shortage and the resultant surge in the prices of fodder and feed, accounting for nearly 65% of the cost of milk production

Buffalo milk prices rising in Mumbai from Mar 1, will have cascading effect

Buffalo milk wholesale prices in Mumbai will shoot up by Rs 5/litre from midnight on Tuesday; could trigger a vital cascading effect on entire food industry that depends on it as its raw material

Milk prices increased due to rise in fodder cost: Union minister Balyan

Milk prices in the country have risen due to increase in the feed and fodder cost, Union Minister Sanjeev Kumar Balyan said in Rajya Sabha on Friday. Balyan, who is Minister of State of Fisheries, Animal Husbandry and Dairying, said dairy companies pass on 75 per cent of the retail price to farmers. There is a need to balance between farmers and consumers. Farmers need to get higher returns on milk for them to take up dairy farming, he said. In the recent time, there has been increase in the prices of feed and fodder due to which prices of milk have gone up. If fodder rates come down, automatically milk prices will also decline, the minister added. Replying to another supplementary question, Balyan said three private firms are conducting trial of a vaccine developed by Hisar-based ICAR institute for the control of Lumpy Skin Disease (LSD) in cattle. "The trial is underway. I am hopeful after the trial, the vaccine will be commercialised soon," he added. Milk prices have been hike

Four out of 10 households feeling pinch of higher milk prices, survey shows

59% stuck to their preferred brands, 19% cut down on consumption; 16% moved to cheaper alternatives of the same brand; a small number bought local milk or completely stopped consumption