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​How much has the cost of milk gone up in the past ten years?

Amul milk price increased – here’s how much Amul and others are selling milk for

<ul><li>The <keyword id="6393794" type="General" weightage="20" keywordseo="dairy" source="Orion">dairy</keyword> industry has been experiencing a consistent surge in raw <keyword id="6362951" type="General" weightage="20" keywordseo="milk" source="Orion">milk</keyword> prices. </li><li>Both the major dairy brands, <keyword id="15267021" type="General" weightage="50" keywordseo="amul-and-mother-dairy" source="Orion">Amul and Mother Dairy</keyword> had in August hiked milk prices by ₹ 2 per litre. </li><li>This is being done owing to multifold increase in varied input costs.</li></ul> After <keyword id="26280" type="General" weightage="80" keywordseo="amul" source="Orion">Amul</keyword>, another dairy major <keyword id="6376312" type="General" weightage="100" keywordseo="mother-dairy" source="Orion">Mother Dairy</keyword> has raised its milk prices by ₹ 2 per litre on full cream and cow milk variants with effect from Sunday (October 16). A Mother Dairy spokesperson said that the dairy industry has been experiencing a consistent surge in raw milk prices, which has increased by about ₹ 3/kg in the last two months alone, owing to multifold increase in varied input costs. "Increased fodder prices and low rainfall in some northern states have aggravated the situation. We are therefore compelled to revise prices to support farmers and ensure availability of quality milk for consumers," he said. Earlier, during the day, the Gujarat Cooperative Milk Marketing Federation (<keyword id="134812" type="General" weightage="20" keywordseo="GCMMF" source="Orion">GCMMF</keyword>), which sells milk and milk products under the brand name 'Amul' had announced raising the rates of full cream milk and buffalo milk by ₹ 2 per litre amid the festive season. The price of full cream milk has increased from ₹ 61 per litre to ₹ 63 per litre. Both the major dairy brands, Amul and Mother Dairy had in August hiked milk prices by ₹ 2 per litre to compensate the increase in procurement costs. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/us-offer-to-help-india-in-chip-manufacturing-just-lip-service-china/articleshow/94882797.cms">US offer to help India in chip manufacturing just lip service: China</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/two-months-with-samsung-galaxy-z-fold-4-as-a-daily-driver-its-only-getting-better/articleshow/94864757.cms">Two months with Samsung Galaxy Z Fold 4 as a daily driver: It's only getting better</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/us-pilots-are-worried-that-5g-rollouts-can-trigger-altimeter-failures-in-aircrafts/articleshow/94863029.cms">US pilots are worried that 5G rollouts can trigger altimeter failures in aircrafts</a>

Mother Dairy raises milk prices by ₹ 2 per litre on select variants

<ul><li>Milk procurement prices have risen over 5% for the sellers and by ₹4 for every litre bought by the consumers including marquee brands like Amul and Mother Dairy.</li><li>This is largely due to disruption in production as well as a sharp 25% spike in the cost of animal feed.</li><li>The Department of Animal Husbandry and Dairying will meet tomorrow, January 3, to discuss ways to curb further spikes.</li></ul>Brands like <a href="https://www.businessinsider.in/business/news/amul-raises-milk-prices-by-rs-2/litre/articleshow/72610767.cms" data-type="tilCustomLink" target="_blank">Amul</a> and <a href="https://www.businessinsider.in/business/news/mother-dairy-hikes-milk-prices-by-up-to-rs-3/litre/articleshow/72607311.cms" data-type="tilCustomLink" target="_blank">Mother Dairy</a> increased the retail price of milk by ₹4 a litre last year, pinching consumers who were already stung by the sharp spike in onion prices in recent months. The Department of Animal Husbandry and Dairying will meet tomorrow, January 3, to discuss ways to curb further spikes. Milk prices rose because procurement prices went up 5% for the companies largely due to disruption in production as well as a sharp 25% spike in the cost of animal feed. Price hikes at the retail level were not enough and that capped the profit growth leading to a sharp fall in stock prices for milk retailers like Heritage Foods, Parag Milk Foods, and Hatsun Agro. 
 
 
 
 
 
 
 
 
 
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 "We expect milk procurement prices to continue to rise in the first half 2020 but correct in the second half," an ICICI Direct note said in December. “There is no immediate plan to increase milk prices,” RS Sodhi, managing director, Amul, <a href="https://www.financialexpress.com/market/commodities/costlier-milk-no-more-new-years-double-cheer-for-household-budgets/1810148/" data-type="tilCustomLink" target="_blank">told Financial Express Online on January 2</a>. Key reasons for higher milk procurement prices: 1. Initially delayed and later prolonged monsoon. 2. Floods in states like Maharashtra, Bihar, Karnataka and Tamil Nadu 3. Higher global prices for skimmed milk products 4. Higher cost of animal fodder The shortage of skimmed milk powder was a big factor in pushing prices up. Skimmed milk powder is mainly used by: 1. bakers to enhance the tenderness of the food such as doughnuts, cakes and bread 2. mothers for babies who are intolerant to breastfeeding Indian milk exporters got a helping hand in the form of state subsidies last year. 1. Maharashtra state government: ₹5/ltr on milk products and ₹50/Kg on skimmed milk products 2. Gujarat state government: ₹50/Kg subsidy on SMP exports and 3. Benefits under Central government's merchandise exports scheme was raised to 10% from 7% earlier. These subsidies allowed dairy companies to reduce the excess inventory. All eyes will now be on the government on what steps it announces tomorrow to curb retail milk prices spiralling out of control. SEE ALSO: 
 
 
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Indian government wants to stop milk prices from boiling over — investors in Heritage Foods, Parag Milk, and Hatsun Agro are watching closely

New Delhi, Dec 15 () India's leading milk supplier Amul on Saturday raised milk prices by Rs 2 per litre in Gujarat, Delhi-NCR, West Bengal and Maharashtra.
 "Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under Amul brand, has decided to revise the milk prices by Rs 2 per litre being sold in Ahmedabad and Saurashtra markets of Gujarat, Delhi NCR, West Bengal, Mumbai and Maharashtra from December 15, 2019," the cooperative said in a statement.
 In Ahmedabad, the price of Amul Gold will be Rs 28 per 500 ml, and Amul Taaza will be sold for Rs 22 per 500 ml.
 However, there will be no change in price of Amul Shakti which continues to be available at Rs 25 per 500 ml.
 Amul said in the last three years it has made only two price revisions for pouch milk, which works out to be only Rs 4 per litre and less than 3 per cent per annum increase in MRP.
 "This year the price of cattle feed has increased by more than 35 per cent. Considering increase in cattle feed and other input costs, our member unions have increased milk procurement price in the range of Rs 100 to Rs 110 per Kg fat which is more than 15 per cent increase than last year for the 36 lakh milk producers of Gujarat," the statement said.
 Amul said it passes on almost 80 paise of every rupee paid by consumers for milk and milk products to the producers.
 This increase in milk prices by Rs 2 per litre has been done with an aim to sustain remunerative price to milk producers and encourage them for higher milk production, it added.
 GCMMF supplies 1.4 crore litres per day of milk across the country, of which 33 lakh litres is for Delhi-NCR. MJH ABM
ABM

Amul raises milk prices by Rs 2/litre

<ul><li>Indian dairy major <keyword id="7656779" type="UNKNOWN" weightage="20" keywordseo="Amul-Today">Amul today</keyword> hiked prices of its milk, for the first time in two years. </li><li>The Gujarat-based co-operative hiked prices of milk across the country by ₹2/litre, due to pressure from unions and higher input costs. </li><li>Oil marketing companies have raised fuel prices twice in the last two days. </li></ul>Indian dairy major Amul today hiked prices of its milk, for the first time in two years. The Gujarat-based co-operative hiked prices of milk across the country by ₹2/litre, due to pressure from unions and higher input costs. Other milk producers are expected to take cues from the country’s largest milk seller, and dairy company--and follow suit. Amul’s last hike in milk prices - which was also ₹2/litre - took place in <a href="http://businessfortnight.com/amul-hikes-milk-prices-rs-2-per-litre-delhi-ncr/">March 2017.</a> Increase in fodder rates have played a part in this <keyword id="73422" type="PERSON" weightage="20" keywordseo="Price-hike">price hike</keyword>, across brands. This comes as the second bad surprise that Indians have to deal with, this week. Oil marketing companies have raised fuel prices twice--- in the last two days. They are no more under pressure from the government which asked them to <a href="https://www.businessinsider.in/fuel-prices-set-to-rise-as-lok-sabha-elections-come-to-a-close/articleshow/69197404.cms">keep prices artificially low</a> -- instead of benchmarking them to international crude prices. Yesterday, the day after polling concluded, the prices of both petrol and diesel were hiked in major cities, <a href="https://www.businesstoday.in/current/economy-politics/petrol-prices-increase-up-to-10-paise-diesel-by-16-paise-as-lok-sabha-elections-2019-conclude/story/348185.html">by ₹0.10 and ₹0.16</a>, respectively. Petrol and diesel prices were hiked again today by <a href="https://www.indiatoday.in/business/story/petrol-diesel-prices-rise-for-second-consecutive-day-after-lok-sabha-polls-end-1530689-2019-05-21">₹0.05 and ₹0.10</a>. This is a rude awakening for Indian consumers, who were enjoying the ‘feel good’ prices for the last two months. The government instructed state-owned oil marketing companies - which includes Indian Oil, Bharat Petroleum and Hindustan Petroleum - to keep prices stable in April and May so as to keep consumer sentiment upbeat. Unfortunately for the oil marketers, this request came at the wrong time. In the last few months, <a href="https://www.businessinsider.in/fuel-prices-set-to-rise-as-lok-sabha-elections-come-to-a-close/articleshow/69197404.cms">global oil prices have been rising</a> owing to curbs in production by Saudi Arabia and lesser exports from sanction-hit Iran and Venezuela. Now, fuel retailers will be eager to make up for those losses they had to absorb in the last few months, by hiking prices. 
 
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 SEE ALSO: <a href="https://www.businessinsider.in/indians-will-have-to-deal-with-higher-oil-prices-as-polling-ends-and-global-supply-remains-curtailed/articleshow/69410192.cms">Indians will have to deal with higher oil prices as polling ends and global supply remains curtailed</a>

Indian households face a double whammy with price hikes in milk and fuel

<ul><li>The decades-old practice of getting milk delivered to the doorstep is a big reason. </li><li>Dairy companies spend between 1-2% of sales in advertisements, which is far less compared to other consumer staples companies. </li><li>This is a huge advantage for branded milk sellers at a time when consumers are moving away from unorganised local vendors. </li></ul>Do you get your milk delivered to your doorstep every morning? There is a good chance that you do not have up-to-date information on other brands of milk, competing prices and offers, if any, which may be available. Consumers are less likely to frequently shift from one dairy brand to another because of this decades-old practice. This has also meant that dairy companies in India have had to spend very little on advertisements and promotions. 
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 An urban consumer in India spends 20.3% of the monthly spend on milk and milk products, according to a survey by the National Sample Survey Organisation released in 2012. Milk is a staple and there is big money to be made in the segment. And yet, dairy companies spend only 1-2% of sales on advertisements, compared to online marketplace Flipkart, which <a href="https://economictimes.indiatimes.com/industry/services/advertising/at-30-of-annual-revenues-flipkart-spends-thrice-as-much-on-ads-as-hul/articleshow/66611156.cms">reportedly</a> spends over 30% of its revenue. While Hindustan Unilever spends about 10% of its sales. “An effective advertisement of soap can win new consumers and additional revenues of ₹20 per new consumer per month whereas an advertisement of dairy brand can win revenues of ₹1,000 per new consumer per month,” an <keyword id="7442614" type="UNKNOWN" weightage="20" keywordseo="ICICI-Securities-report">ICICI Securities report</keyword> explained. This would also explain why dairy companies do not offer any freebies to consumers and any discounts to distributors are negligible. However, on the down side, the same stickiness in consumer preference also makes it difficult for new entrants to capture customers from established players. The good news is a lot of people are yet to move from buying milk from unorganised neighborhood vendors to picking up branded milk and related products off the shelves. The Indian dairy sector is expected to grow at about 15% compounded annual growth rate, according to ICICI Securities, and there is possibility of steady shift of consumers from unorganised sector to organised sector. The fact that this growth does not need high promotional expenses is an added advantage for newer companies.

Here’s why you see so many ads for soaps and shampoos but not for milk

New Delhi, Dec 14 () India's leading dairy firm Amul on Saturday announced hiking milk prices by Rs 2 per litre across various states, while Mother Dairy increased rates by up to Rs 3 per litre in Delhi-NCR due to rise in procurement cost.
 The new prices will be effective from Sunday (December 15), Mother Dairy and Amul said in separate statements.
 Prices of raw milk are generally lower in the winter season, but this year they have risen due to late monsoon followed by excess rains.
 Increase in milk prices by the two major dairy firms could impact retail inflation, which spiked to a more than three-year high of 5.54 per cent in November due to costlier food products.
 Mother Dairy has increased prices of token and poly pack or pouched milk by Rs 2-3 per litre.
 Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, said it has decided to revise milk prices by Rs 2 per litre in Ahmedabad and Saurashtra markets of Gujarat, Delhi NCR, West Bengal, Mumbai and Maharashtra.
 GCMMF supplies 1.4 crore litres of milk per day across the country, of which 33 lakh litres is in Delhi-NCR.
 Mother Dairy too sells over 30 lakh litres per day of milk in the national capital region.
 Both the dairy majors attributed the price increase to higher procurement cost and said they pass on 80 per cent of the sales realisation from milk towards its procurement from dairy farmers.
 As per its rate chart, Mother Dairy has hiked the price of bulk vended milk (token milk) by Rs 2 to Rs 42 per litre.
 In poly packs, Mother Dairy's full cream milk has become costlier by Rs 2 to Rs 55 per litre. Price of half litre full cream milk has been hiked to Rs 28 from Rs 27.
 Mother Dairy's toned milk price has been hiked by Rs 3 per litre to Rs 45, while double-toned milk will now be sold at Rs 39 per litre compared to Rs 36.
 Price of Mother Dairy cow milk too has been raised by Rs 3 per litre to Rs 47 per litre.
 In NCR, Amul Gold and Amul Taaza will be costlier Rs 2 each to Rs 55 per litre and Rs 44 per litre respectively. Cow milk will now be sold at Rs 44 against Rs 42 per litre earlier.
 Amul said that in the last three years, it has made only two price revisions for pouch milk which is only Rs 4 per litre and less than 3 per cent per annum increase in MRP.
 "This year the price of cattle feed has increased by more than 35 per cent. Considering increase in cattle feed and other input costs, our member unions have increased milk procurement price in the range of Rs 100 to Rs 110 per Kg fat which is more than 15 per cent increase than the last year for the 36 lakh milk producers of Gujarat," Amul said.
 Mother Dairy said that milk availability across various states is under severe stress due to adverse climatic conditions including extended monsoon and delayed start of the flush season.
 Stating that adverse climatic conditions have resulted in a significant increase in feed and fodder prices, Mother Dairy said: "This has impacted the prices paid to milk producers. The raw milk prices, which in a normal year come down during the winter months, have firmed up substantially."
 The prices paid to milk producers have increased by about Rs 6 per litre, up by almost 20 per cent compared to the corresponding period last year, the company said, adding that it was compelled to raise milk rates. MJH ABM
ABM

Mother Dairy hikes milk prices by up to Rs 3/litre in NCR; Amul raises rates by Rs 2

Mumbai, Feb 13 () <keyword id="108820" type="PERSON" weightage="20" keywordseo="milk-prices">Milk prices</keyword>, which have risen by Rs 4-5 per litre over the past nine months, are likely to stabilise in 2020-21 as production is expected to pick up due to abundant water availability and anticipated normal monsoon, according to a report. Production of <keyword id="6362951" type="UNKNOWN" weightage="20" keywordseo="milk">milk</keyword> has been shrinking since April last year due to high summer temperatures and lower availability of water, made worse by delay in rainfall, ratings agency <keyword id="6359483" type="COMPANY" weightage="20" keywordseo="Crisil">Crisil</keyword> said in the report. This was followed by floods in various parts of the country, leading to poor animal health. Also, water logging in green pastures kept animals from grazing and damage to crops such as maize and sugarcane, which are used for fodder, crimped fodder availability, leading to lower milk production in the country, it added. This fiscal, milk production is expected to be lower by 5-6 per cent year-on-year at 176 million tonnes. The flush season that usually begins in November-December is estimated to have shifted by 1-2 months because of the delayed monsoon. 
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 Crisil said milk prices began moving up in May 2019, with Gujarat Cooperative Milk Marketing Federation (GCMMF, better known as Amul) and Mother Dairy hiking the maximum retail price of their full-cream milk pouches by Rs 2 per litre. The two giants followed this up with a further hike of Rs 2 and Rs 3 per litre, respectively, in December, taking it to Rs 55 per litre. Other large dairy processors have started following suit, spurred by the shortfall in milk production around the country, and thereby supply. However, Crisil said milk production is expected to pick up in 2020-21, given abundant water in reservoirs and expectations of a normal monsoon. That should arrest any further rise in milk procurement and retail prices. Further, rabi sowing area had increased 10 per cent as on January 31, 2020. This is expected to lead to a 12 per cent increase in crop production for the season and higher arrivals of key crops such as wheat, bajra, jowar and maize from March would mean copious fodder availability, which should raise milk production next fiscal, the report said. This is expected to stabilise milk procurement costs, bolstering the operating margins of dairy processors. So, milk prices are not expected to rise any further in the coming few quarters, unless monsoons spoil the game for processors, it added. See Also: <a href="https://www.businessinsider.in/heres-why-you-see-so-many-ads-for-soaps-and-shampoos-but-not-for-milk/articleshow/68479581.cms">Here’s why you see so many ads for soaps and shampoos but not for milk</a> <a href="https://www.businessinsider.in/policy/news/amul-and-mother-dairy-milk-prices-heritage-foods-parag-milk-and-hatsun-agro-stock-impact/articleshow/73069943.cms">Indian government wants to stop milk prices from boiling over — investors in Heritage Foods, Parag Milk, and Hatsun Agro are watching closely</a>

India will have to live with high milk prices for at least a few more months

Indian <keyword id="34523" type="CITY" weightage="100" keywordseo="fmcg">FMCG</keyword> brands are giving a tough time to foreign brands. While much hullabaloo is about Yoga guru <keyword id="6369109" type="PERSON" weightage="20" keywordseo="Ramdev">Ramdev</keyword>’s Patanjali, <keyword id="26280" type="COMPANY" weightage="20" keywordseo="amul">Amul</keyword> is all set to give a tough time to <keyword id="6365619" type="CITY" weightage="100" keywordseo="Hindustan-UniLever">Hindustan Unilever</keyword> now. Amul, marketed by the <keyword id="110794" type="ORGANIZATION" weightage="20" keywordseo="Gujarat-Co-operative-Milk-Marketing-Federation">Gujarat Co-operative Milk Marketing Federation</keyword>, plans to zoom ahead Hindustan <keyword id="45009" type="CITY" weightage="20" keywordseo="Unilever">Unilever</keyword> as the country’s largest FMCG firm over next two years. As GCMMF is growing at a CAGR of 19% for last seven years and confident to continue such high pace of growth Amul’s managing director RS Sodhi expressed the positivity, while talking to The Economic Times. GCMMF touched Rs 27,000 crore sales in 2016-17, while Hindustan Unilever had touched Rs 31,987 crore revenue in 2015-16. Hindustan Unilever is yet to declare its result for last fiscal, according to the ET. "Around 13-14% of our growth will come from milk procurement expansion and 6-7% from the average price hike. We are expanding milk procurement outside <keyword id="6354766" type="COMPANY" weightage="20" keywordseo="Gujarat">Gujarat</keyword> in states like Uttar Pradesh, Rajasthan, Haryana, Punjab, West Bengal and Maharashtra," Sodhi told the financial daily.

You Searched For "amul milk price" and got 10 results

How much has the cost of milk gone up in the past ten years?

Ankush Banerjee

Amul milk price increased – here’s how much Amul and others are selling milk for

Sourabh Jain

Mother Dairy raises milk prices by ₹ 2 per litre on select variants

IANS

Indian government wants to stop milk prices from boiling over — investors in Heritage Foods, Parag Milk, and Hatsun Agro are watching closely

Sriram Iyer

Amul raises milk prices by Rs 2/litre

PTI

Indian households face a double whammy with price hikes in milk and fuel

BI India Bureau

Here’s why you see so many ads for soaps and shampoos but not for milk

Sriram Iyer

Mother Dairy hikes milk prices by up to Rs 3/litre in NCR; Amul raises rates by Rs 2

PTI

India will have to live with high milk prices for at least a few more months

PTI

This Indian brand will overtake FMCG king Hindustan Unilever by 2018-19

BI India Bureau

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You Searched For "amul milk price" and got 10 results

​How much has the cost of milk gone up in the past ten years?

Ankush Banerjee

Amul milk price increased – here’s how much Amul and others are selling milk for

Sourabh Jain

Mother Dairy raises milk prices by ₹ 2 per litre on select variants

IANS

Indian government wants to stop milk prices from boiling over — investors in Heritage Foods, Parag Milk, and Hatsun Agro are watching closely

Sriram Iyer

Amul raises milk prices by Rs 2/litre

PTI

Indian households face a double whammy with price hikes in milk and fuel

BI India Bureau

Here’s why you see so many ads for soaps and shampoos but not for milk

Sriram Iyer

Mother Dairy hikes milk prices by up to Rs 3/litre in NCR; Amul raises rates by Rs 2

PTI

India will have to live with high milk prices for at least a few more months

PTI

This Indian brand will overtake FMCG king Hindustan Unilever by 2018-19

BI India Bureau

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How much has the cost of milk gone up in the past ten years?