new Delhi. The cycle of inflation hitting the consumers is not ending. After Amul, now Parag Milk Price Hike has also become expensive. Dairy firm Parag Milk Foods Ltd has increased the price of cow’s milk of Govardhan brand by Rs 2 per liter, which came into effect from Tuesday.
The price of Govardhan Gold Milk has now increased from Rs 48 to Rs 50. The price of Govardhan fresh with toned variety has gone up from Rs 46 to Rs 48. Parag Milk Foods Limited said on Tuesday that due to rising cost, the prices have been increased by Rs. The new prices have come into effect from Tuesday, March 1.
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Company increased after three years
Devendra Shah, president, Parag Milk Foods, said the company has increased the prices after three years only because of the huge increase in the cost of electricity, packaging, logistics and animal feed. The cost of dairy farmers has also increased and they now have to pay more for milk. This is the reason why the company also had to increase the prices considering its cost.
Amul’s milk is also expensive by Rs 2 a liter
The Gujarat Cooperative Milk Marketing Federation (GCMMF) has also increased the prices of its Amul brand milk across the country from Tuesday, March 1. The company has increased by Rs 2 per liter on all varieties. Amul’s gold milk has now become 60 rupees a liter instead of 58. Similarly, instead of Amul Toned 46, it has become Rs 48 a liter and Amul Shakti has become Rs 54 a liter instead of 52.
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Amul gives 80 percent of the earnings to farmers
GCMMF says that after increasing the price by Rs 2 a liter, the total retail price will increase by 4 percent, which is less than the food inflation rate. The company claimed that under the policy, 80 percent of the earnings from milk and other dairy products are given to the farmers. Raising prices will help in encouraging inflation-hit farmers.
Tags:, inflation, Milk
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