With effect from Tuesday, Mother Diary will increase milk prices in the Delhi-NCR market by 2 rupees per litre, citing an increase in input costs. Mother Dairy, one of the top milk suppliers in Delhi-NCR with volumes of more than 30 million litres per day, has raised milk prices five times this year.
Full-cream milk prices have raised by 2 cents to 66 cents per litre at Mother Dairy, while toned milk rates have been changed to 53 cents per litre from 51 cents per litre.
The price of double-toned milk has gone up to 47 cents per litre from 45 cents. Mother Dairy has agreed not to increase prices for token (bulk vended) milk alternatives and cow milk. Mother Dairy blamed the price increase on an increase in the cost of buying raw milk from dairy producers.
Also Read: Sensex surpasses 60,000, Nifty reclaims 18,000 mark today
“The dairy business is experiencing a year like never before. Even after holidays, there has been a noticeable rise in demand for milk and milk products from both individuals and organisations. On the other hand, despite expectations, the purchase of raw milk did not increase following Diwali “the business stated.
Mother Diary officials further stated, “The sector as a whole is feeling the pressure on raw milk pricing, which is pushing up consumer prices. We are severely constrained to revise consumer pricing of chosen milk varieties in Delhi NCR effective from December 27, 2022 because we are committed to continuing to pay farmers remunerative prices to lessen the impact,”
The business claimed that as a responsible organisation, it has always made an effort to create a balance between farmers and consumers. “…as a result, we have been gradually transferring the additional input cost to our customers on a few select versions.”
About 75% to 80% of the prices consumers pay for milk are transferred by Mother Dairy to the milk producers. In the current calendar year, the corporation has increased prices on a number of occasions. On November 21, prices for full-cream milk and token milk in the Delhi-NCR market increased by Re 1 per litre and 2 per litre, respectively.
Prior to that, Mother Dairy raised the cost of full-cream milk and cow milk by 2 rupees per litre in Delhi-NCR and a few other North Indian markets in October. In March and August, prices were also increased by $2 per litre for all variations.
Also Read: China Unemployment: 20 million out of jobs amidst rising Covid fear
Another significant competitor in the Delhi-NCR market is Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk under the Amul brand. Each day, it sells close to 40 lakh litres. India is the greatest producer of milk in the world, with an annual production of between 210 and 220 million tonnes.
