“The new prices, a revision of 4%, will be applicable for all milk variants. The company has been experiencing inflationary pressure on overall input costs, accompanied by the distress in milk production due to the ongoing pandemic,” an organization assertion mentioned. The revised prices come into impact beginning July 11.
Over the final one yr, farm prices have elevated 8-10%, together with mounting operational prices of processing, packaging and logistics. “Farm prices of milk alone have firmed up by about 4% in the last three-four weeks,” the corporate assertion mentioned.