The price of milk in India has increased again, with Parag, a major dairy company, joining Amul and Mother Dairy in raising its prices. Parag has increased the price of its half-liter and one-liter milk packs by Rs 1 each. As a result, the price of Parag’s 1-liter full cream milk has risen to Rs 69 from Rs 68, while the half-liter pack now costs Rs 35 instead of Rs 34. The price of toned milk has also been increased, with the 1-liter pack now costing Rs 57 instead of Rs 56, and the half-liter pack costing Rs 29 instead of Rs 28.
This price hike follows similar increases by Amul and Mother Dairy, which raised their milk prices by up to Rs 2 per liter. Amul’s full cream milk now costs Rs 67 per liter, up from Rs 65, while Mother Dairy’s full cream milk costs Rs 69 per liter, up from Rs 68. The price of toned milk has also been increased, with Amul’s bulk-vended toned milk now costing Rs 55 per liter, up from Rs 53, and Mother Dairy’s bulk-vended toned milk costing Rs 56 per liter, up from Rs 54.
The price hikes will affect retail customers, who will have to pay more for their milk purchases. The increases are likely to have a significant impact on household budgets, particularly for those who rely heavily on milk and dairy products. The price hikes are attributed to various factors, including increased production costs, rising input costs, and fluctuations in global market prices.
The price hike by Parag, Amul, and Mother Dairy is the latest in a series of increases in recent times, and it remains to be seen how the market will respond to these changes. The companies have cited various reasons for the price hikes, including increased costs of production, transportation, and packaging. However, the impact on consumers is likely to be significant, and it may lead to a decrease in demand for milk and dairy products. Overall, the price hike is a significant development in the Indian dairy market, and it will be interesting to see how the market evolves in response to these changes.