After the sharp rise in vegetable prices, milk rates are set to rise by up to Rs. 2 per litre.
Following the announcement of the Punjab State Cooperative Milk Producers' Federation (Milkfed), which sells milk under the brand name of Verka, to increase prices with effect from Saturday, other milk brands have followed suit. The Haryana Dairy Development Co-operative Federation Limited, which sells Vita milk, has decided to increase prices with effect from Sunday.
Full-cream milk and standard milk will be costlier by Rs. 2 and Re 1 per litre, respectively. However, there will be no change in the prices of double-tone and single-tone milk.
The new rates will be applicable in Punjab, Haryana, Chandigarh and parts of Himachal Pradesh.
An official of the Haryana federation said, "There are a number of factors leading to the hike, such as the increase in the procurement and transportation costs."
This would be the second hike in milk prices in the past two months.
A Milkfed official said, "The demand for milk is greater than the supply. To meet the shortage, the cooperative is reconstituting milk from skimmed milk powder."
From Saturday, Verka full-cream milk will cost Rs. 40 per litre (up from Rs. 38), while the price of standard milk will be Rs. 37 per litre (up from Rs. 36).
The new Vita prices will be Rs. 40 per litre (full-cream milk) and Rs. 36 per litre (standard milk).
Old rates (per litre)
Full cream 38 38
Standard 36 35
Full cream 40 40
Standard 37 36