Lagatar24 Desk
New Delhi, Dec 26: On the back of citing a rise in input costs, Mother Dairy has announced a price hike in Delhi NCR, the price of full-cream, toned, and double-toned variants of milk will be increased by Rs 2 per litre in the NCR region from Tuesday.
Mother Dairy hikes milk rate by Rs 2/litre effective from tomorrow
There is no revision in the MRP of Cow Milk and Token Milk variants. pic.twitter.com/SXoQ8sbqBS
— ANI (@ANI) December 26, 2022
Mother Dairy, one of the leading milk suppliers in Delhi-NCR with volumes of more than 30 lakh litres per day, has cited the rise in input price as the reason for their fifth price increase this year.
With the hike, the price of full cream milk has increased by Rs 2 to Rs 66 per litre, while the toned milk rate has been revised to Rs 53 per litre from Rs 51 per litre and the double-toned milk rate has been increased to Rs 47 per litre from Rs 45 per litre. However, the company has not revised the prices of Cow Milk and Token Milk.
A Mother Dairy spokesperson said that the decision was taken because of the hike in its procurement cost of raw milk.
“It is an unprecedented year for the dairy industry. We have observed a significant increase in demand for milk and dairy products from consumers and institutions, even after festivals. On the other hand, procurement of raw milk has also not picked up after Diwali as was anticipated,” said Mother Dairy.
“This stress on the raw milk prices is being felt across the industry, putting pressure on consumer prices. In our commitment to continue paying remunerative prices to farmers to ease the impact, we are severely constrained to revise consumer prices of select variants of milk in Delhi NCR effective from December 27, 2022,” the company added.
The company has taken several rounds of price increases in the current calendar year.
