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HindustanTimes Thu,28 Aug 2014

Milk prices up another Rs. 2

HT Correspondent, Hindustan Times  Chandigarh, March 03, 2014
First Published: 00:53 IST(3/3/2014) | Last Updated: 00:57 IST(3/3/2014)

MILKFED Punjab, dairy maker owner of the Verka brand, has increased milk and curd prices by Rs. 2. Butter-milk will cost Rs. 3 more. These rates have taken effect from Sunday.

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The butter-milk prices have been hiked the most in absolute terms due to the upcoming summer season, as consumption rises in this season, sources claimed.

Defending the decision, senior MILKFED officials said that the rising input costs had led to the price rise. An official told HT: "Exports have opened up and many private companies are offering high prices to the farmers for their inputs. To maintain our supply chain, we also have to pay more to the farmers, and also on a par with these companies. Our full fat milk is still Rs. 2 cheaper than the price in Delhi."  They also claimed that the price hike could actually help curb the anticipated shortage in milk supply during summers.
 
In 2013, the company had increased the price thrice  for milk. Prices were raised Rs. 1 per litre each in June and September and hiked by Rs. 2 per litre in   December 2013.

This is the first hike in 2014 and the prices of all fresh milk products have also been increased. Analysts said that local vendors will also follow suit and increase prices.
 
Change in price
Milk   
                           Existing (Rs)       New (Rs)

Full fat (orange)                     42                44
Standard (green)          `           38                40
Toned (Blue)                          34                36
Double-toned (Yellow)                 30                32
Skimmed (Purple)                      28                30
CURD                             
500 gm pouch  
                        20                 22
 
LASSI 
500 ml pouch  
                        12              15
Plain (1 litre pouch)                22              25
250 ml pouch                          10              12
(Bio-yoghurt, masaledar)

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