New delhi:In a significant move affecting millions of consumers, Mother Dairy has announced a Rs 2 per liter price hike on its milk products across India. This decision follows a similar announcement made by Amul, one of the country’s largest dairy cooperatives, citing rising input costs as the primary reason for the increase.
Reasons Behind the Hike*
The hike is attributed to the rising costs of production, particularly the prices of cattle feed and fodder, which have seen a substantial increase over the past year. The cost of essential ingredients like maize and soybean has surged, leading to higher expenses for dairy farmers. Additionally, the escalation in fuel prices has further strained the logistics and transportation of milk from farms to processing units and then to retail markets.
Mother Dairy’s spokesperson explained that the price hike was inevitable to ensure the sustainability of operations and to support dairy farmers who are grappling with these increased costs. “The decision to revise the prices was taken to offset the growing costs of procurement, which include feed and transportation costs, and to ensure remunerative prices to the farmers,” the spokesperson said.
Impact on Consumers
The Rs 2 per liter increase is set to affect household budgets, particularly in urban areas where milk is a staple. With both Mother Dairy and Amul, the leading suppliers in the market, raising prices, consumers are left with limited options to mitigate the impact. The price hike is particularly burdensome for lower and middle-income families who rely on affordable milk for their daily nutritional needs.
Rohit Sharma, a resident of Delhi, expressed his concerns, “With the prices of essential commodities already high, this milk price hike will add to our monthly expenses. It’s becoming increasingly difficult to manage the household budget.”
Market Dynamics
The synchronized price hikes by both Mother Dairy and Amul signal a broader trend within the dairy industry, reflecting the challenging economic environment. Smaller dairy producers and local vendors are also likely to follow suit, further cementing the price rise across the market.
Industry experts suggest that the current scenario is driven by a combination of domestic and global factors affecting agricultural commodities and fuel. They warn that unless there is a significant policy intervention or a drop in input costs, the high prices might persist.
Government’s Role
In response to the rising prices, the Indian government is considering various measures to support the dairy industry and protect consumer interests. These include subsidies for cattle feed, interventions to stabilize fuel prices, and financial aid to small-scale dairy farmers to help them manage their operational costs.
Despite these efforts, the immediate outlook suggests that consumers will have to adapt to the new prices. The government’s long-term strategy will be crucial in determining how effectively the dairy sector can navigate these economic challenges and maintain a balance between farmer welfare and consumer affordability.
××××××××××××××
Telegram Link :
For latest news, first Hand written articles & trending news join Saachibaat telegram group
https://t.me/joinchat/llGA9DGZF9xmMDc1
