Mother Dairy Milk Prices To Be Dearer By Rs 2 From Tomorrow
Mother Dairy will raise milk prices by Rs 2 per litre in the Delhi national capital region (NCR) with effect from tomorrow (Sunday, March 6).
The price rise has been effected due to rise in procurement costs.
The hike by Mother Dairy within a week of a similar price rise effected by Amul and Parag Milk Foods.
"In view of the rising procurement prices (amount paid to farmers), fuel costs and costs of packaging material, Mother Dairy is compelled to raise its liquid milk prices by Rs 2 per litre in Delhi NCR with effect from March 6, 2022," the company said on Saturday.
Subsequently full cream milk will cost Rs 59 per litre from Sunday, up from Rs 57 per litre on Saturday.
Prices of toned milk will rise to cost Rs 49, while double toned milk will now cost Rs 43 per litre. Cow milk prices have been hiked to Rs 51 per litre from Rs 49 per litre.
Bulk vended milk (token milk) price has been raised to Rs 46 from Rs 44 per litre.
It has also raised milk prices by Rs 2 per litre in Haryana, Western Uttar Pradesh and Uttarakhand.
Markets beyond these select regions will be revised in a phased manner.
Mother Dairy Milk is available in over 100 cities across the country.
"The company has been experiencing a surge in varied input costs which have increased multifold," it said.
The procurement prices (amount paid to farmers) have alone firmed up by about 8-9 per cent since July 2021. The other costs have also gone up.
"The surge in farm prices is only being partially passed on to the consumers, with an effective revision of only 4 per cent, which is lower than the increase witnessed in the farm prices and overall food inflation, thereby securing the interests of both the stakeholders," Mother Dairy said.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.