Mother Dairy increases milk price by Rs 2 a litre in Delhi/NCR
Mother Dairy, the largest milk supplier in the Delhi-NCR region, will increase prices by Rs 2 a litre across all variants with effect from tomorrow due to a rise in procurement costs.delhi Updated: Jan 31, 2014 21:50 IST
Mother Dairy, the largest milk supplier in the Delhi-NCR region, will increase prices by Rs 2 a litre across all variants with effect from tomorrow due to a rise in procurement costs.
The price of full cream milk has been raised to Rs 46 per litre from Rs 44 and that of toned milk to Rs 36 a litre from Rs 34.
Double-toned milk will be available at Rs 32 per litre and milk that is not sold in packets will cost Rs 34 a litre from tomorrow.
In a statement, Mother Dairy said it was "compelled" to raise retail prices of all variants because of an increase in milk procurement prices in the past few months.
The company said the price increase will payment to farmers at remunerative rates and sustained availability of milk. It previously raised milk prices in the Delhi-NCR region in October 2013.
Mother Dairy said close to 80 per cent of the total sale proceeds goes into procurement of milk.
Higher milk prices could have an impact on food inflation and wholesale price index inflation, which stood at 13.68 per cent and 6.16 per cent, respectively, in December.
Mother Dairy sells about 30 lakh litres of milk a day in Delhi-NCR. Last week, the company had hiked milk prices by Rs 2 a litre in Mumbai.
Mother Dairy also sells milk in cities such as Lucknow, Kanpur and Pune.
First Published: Jan 31, 2014 21:42 IST