After Amul, Parag Milk Foods increased price of milk by Rs 2 from today; check reason behind price hike

Milk Price Hike 2022: On Tuesday, dairy firm Parag Milk Foods said that it has raised the price of the Gowardhan brand of cow milk by Rs 2 per litre from today, March 1, 2022. The company has cited the rising input cost behind this price hike.

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Incidentally, on Monday, Amul hiked the price of milk by Rs 2. These prices have been increased due to increase in production cost, as per Amul.

With the hike in prices, Gowardhan Gold milk will now cost Rs 50, up from Rs 48 per litre, Parag Milk said in a statement.

Gowardhan Fresh, which is the toned variety, will now cost Rs 48, against Rs 46 per litre earlier, as per PTI.

As per the PTI report, Devendra Shah, Chairman, Parag Milk Foods said, "This price hike is being done after almost 3 years due to rise in costs of energy, packaging, logistics and cattle feed that has led to an increase in the overall cost of operation and milk production".

As milk demand increase during summer, farmers need to be adequately compensated to ensure sustained milk production. The company has also cut trade discounts and other costs and have passed on higher increases to the farmers at this point in time to motivate them in this difficult period.

Yesterday, after the price hike from Amul, the revised prices for the various products of 500 ml are as follows:

1) Amul Gold will now cost Rs 30

2)  Amul Fresh will now cost Rs 24

3)  Amul Shakti will now cost Rs 27