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Amul hikes milk price by Rs 2 per litre from today

New Delhi, News Nation Bureau | Updated : 21 May 2019, 12:11 AM
The hike will be applicable across all six brands of Amul. (File Photo: PTI)
The hike will be applicable across all six brands of Amul. (File Photo: PTI)

Days after increasing milk procurement prices, the Amul Dairy has raised milk price by Rs 2 a litre. According to reports, the hike will be applicable across all six brands being sold in major markets of Delhi NCR, Gujarat, West Bengal, Kolkata, Uttaranchal, Maharashtra. 

The price will come into effect from Tuesday. "AMUL increases price of milk by Rs 2. The prices will come into effect from tomorrow," RS Sodhi, Managing Director of GCMMF ltd (AMUL), said.  

The revised price of 500 millilitre (ml) pack of 'Amul Gold' in Ahmedabad will be Rs 27, 'Amul Shakti' at Rs 25, 'Amul Taaza' at Rs 21 and 'Amul Diamond' at Rs 28, it said.     

There has been no change in cow milk prices in Gujarat, the cooperative added. 

Earlier on May 13, Sodhi had ruled out any immediate plan to increase prices of Amul milk.

The last time the dairy cooperative raised milk and milk product prices was in 2017. At that time too it had raised prices by Rs 2 a litre.

Meanwhile, Gujarat Co-operative Milk Marketing Federation (GCMMF) which markets dairy products under the Amul brand, posted 13 per cent increase in its turnover at Rs 33,150 crore during 2018-19 from Rs 29,225 crore in the previous fiscal.

"In the last financial year, our revenue growth was because of higher volume and there was no price increase across our product portfolio. But, in this year we are expecting growth in both volume and value terms," Sodhi had said.       

Recently, GCMMF had said that the provisional unduplicated group turnover of Amul Federation and its 18 member unions crossed Rs 45,000 crore in 2018-19, up 13 per cent from the previous year.     

The 18 member unions of Amul Federation, with a farmer-member strength of more than 36 lakh across 18,700 villages of Gujarat, are procuring on an average 230 lakh litre of milk per day.     

The member unions of Amul plan to enhance the milk processing capacity from the current level of 350 lakh litre per day to 380?400 lakh litre per day in the next two years. 

First Published: Monday, May 20, 2019 04:36 PM
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