info@afternoonnews.in +91 98940 - 95096

Today Date : Thursday, May 23, 2024

Price of dairy products likely to rise due to hike in milk price

Price of dairy products likely to rise due to hike in milk price

For the third time in the year, private dairy companies have increased the price of milk packets. Tamil Nadu milk agents welfare associations have condemned the price hike. 


In 2020, the companies had increased the price of dairy products including milk and curd twice. During the covid-19 pandemic, they reduced their milk procurement price by Rs 20 per litre. But, they did not reduce the selling price of the products.


This year, citing the raw material price rise and hike in procurement price, the companies had already increased the price of dairy products twice. 


Now, for the third time, they have increased the price of milk by Rs 4 per litre, curd by Rs 5 per kilogram. 
About 84% of the milk requirement of the state is fulfilled by the private companies. 

This price rise is most likely to affect the consumers as the price of its auxiliary products like tea and coffee would also increase. 


The association members have sought the intervention of the state government to stop the companies from hiking the price often and to regularize the companies by forming a commission to fix the procurement and selling price.