Amul’s price revision is a battle against soaring costs
Gujarat’s Amul has courted controversy as a ‘challenger’ to Karnataka’s homegrown Nandini, but the dairy giant is struggling due to rising costs, farms shutting down. Shibam Dairy in Gopalpura village in Gujarat’s Anand district. It is owned by a businessman who invested Rs 11 cr five years ago, but is still waiting to see profits…
Britain’s Tesco cuts price of milk for first time since 2020
Britain’s biggest supermarket group Tesco has cut the price of milk for the first time since May 2020, a possible early sign that a surge in food inflation may abate in the coming months. In March, grocery inflation rose to a record 17.5%, according to market researcher Kantar, with prices rising fastest for products such as milk, cheese…
What does data tell us about spike in milk prices?
When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation Anecdotal accounts of dairy products being unavailable in markets combined with high inflation for milk and milk products, recent speculation about the government allowing milk imports, and its subsequent refutation by the…
Milk prices up by 10.5% from a year ago
Inflation in the prices of milk and milk products has accelerated almost continuously for the last 20 months and, in the last five months, it has consistently surpassed the overall level of price rise in the country. The reason for this, according to people closely associated with the milk industry, could be a combination of…
In Jan 23 milk and cream imports jumped 1,024 % $4.87 millions
Milk prices, which have been on the uptrend in the country, could soon hit an all-time high, forcing the world’s biggest producer to step up imports to boost supplies and ease cost of living pressures. Farmers are wrestling with a rare double whammy: a lethal condition called lumpy skin disease in their cows and a…
SUMUL Dairy hikes purchase price of cattle milk by Rs 30
In the highest hike in its history, Surat District Co-operative Milk Producers’ Union Ltd, commonly known as SUMUL dairy, Tuesday increased the purchase price of per kilo fat of cattle milk (both cow and buffalo) from dairy farmers of Surat and Tapi districts by Rs 30. As a result, farmers will get Rs 780 per…
Dairy industry’s proposal to increase milk price by Rs 10 per liter
The dairy industry has proposed increasing the price of milk by 10 rupees per liter. According to the Nepal Dairy Association, it has proposed increasing the price of milk by 10 rupees per liter based on the production cost of milk. The proposal has been sent to the Cabinet. Every year, the National Dairy Development…
Amul hikes milk prices by ₹3 per litre; Gujarat exempted
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name ‘Amul’, on February 3, 2023 increased the prices of milk by ₹3 per litre for all markets except Gujarat. Jayen Mehta, Managing Director of the Anand-headquartered federation, said the hike in milk prices is not applicable to Gujarat. Times…
Four private dairies increase milk price by Rs 2-Rs 4 a litre
Citing increasing input costs, four private dairies selling milk under brand names Thirumala, Jersey, Vallabha and Heritage have increased their prices by Rs 2 to Rs 4 per litre. The hike came into effect between Wednesday and Friday. As per the new price, the cost of per litre of full cream milk of private brands…
Budget 2023| With inflation fears less money in the hands of consumers
A consumer in Delhi now pays at least Rs. 8 more for a litre of packaged milk compared to the beginning of 2022 because of several price hikes by prominent milk brands Mother Dairy and Amul. And while the smallest pack of Parle G biscuits still costs Rs 5, the weight of ingredients in the pack…