Mother Dairy to hike milk prices in Delhi-NCR by Rs 2 per litre from Sunday

By: |
July 10, 2021 10:54 AM

Mother Dairy said it is "compelled to raise its liquid milk prices by Rs 2/litre in Delhi-NCR with effect from July 11, 2021."

Mother Dairy sells more than 30 lakh litres of milk per day in Delhi-NCR.

Leading milk supplier Mother Dairy has increased milk prices in Delhi-NCR and other cities by Rs 2 per litre with effect from Sunday due to higher input costs.

It had last raised the milk prices in December 2019.

From July 1, Amul had hiked its milk prices by Rs 2 per litre.

Mother Dairy said it is “compelled to raise its liquid milk prices by Rs 2/litre in Delhi-NCR with effect from July 11, 2021.”

The new prices will be applicable for all milk variants.

“The company has been experiencing inflationary pressure on the overall input costs which has increased multi-fold in the last one year, accompanied by the distress in milk production due to the ongoing pandemic,” the statement said.

In the last one year, farm prices have increased to the tune of 8-10 per cent coupled with mounting operational costs of processing, packaging and logistics.

“It is pertinent to note that the farm prices of milk alone have firmed up by about 4 per cent in the last three-four weeks. Despite paying higher prices towards milk procurement in the last one year, the consumer prices were kept intact. With this revision, the milk prices are undergoing a revision of 4 per cent,” Mother Dairy said.

Mother Dairy sells more than 30 lakh litres of milk per day in Delhi-NCR.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Mukesh Ambani’s RIL slips 59 places on Fortune list, SBI jumps 16 notches
2Forging industry seeks PMO’s intervention over high steel prices
3National SC-ST Hub: 50% jump in funds released for SC-ST entrepreneurs to boost entrepreneurship in FY21