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Goa Dairy mulls hike in milk rates from Apr 16 after Amul’s raise

After the Gujarat Cooperative Milk Marketing Federation (GCMMF) hiked the price of its milk brand Amul , Goa Dairy is also likely to follow suit and increase its rates from April 16.

The administrators’ committee of Goa Dairy, that had met on Thursday, has resolved to raise the milk price.

Farmers who supply milk to Goa Dairy are likely to get a hike in procurement rates.

“Amul has raised the price of its all variants by Rs 2 per litre from March 1. Goa Dairy has sent the meeting resolution to the state government for approval. Once the government approves the proposal, Goa Dairy will announce the proposed hike in rates,” said an officer attached to Goa Dairy.

Goa State Cooperative Milk Producers’ Union, popularly known as Goa Dairy, has been selling four variants — full cream (orange packets with 6% fat and 9% SNF), standardised milk ‘Shakti’ (green packets with 4.5% fat and 8.5% SNF), cow milk (red packets with 3.5% fat and 8.5% SNF) and toned milk under the brand name ‘Cold Gold’ (blue packets with 3% fat and 8.5% SNF) in the Goan retail market.

The price of full cream milk is Rs 55 per litre, Shakti (standardised milk) is Rs 25 per 500 ml, Diva – Cow Milk is Rs 23 per 500 ml while Cold Gold is available at Rs 22 per 500 ml and Rs 20 per new 450 ml pack.

The dairy has been selling around 55,000 litres of milk in the local retail market, and it suffers a loss of Rs 10 lakh per month. If the dairy hikes the price by Rs 2 per litre it would earn an additional Rs 1.1 lakh per day on milk sales, the official said, adding that a part of the revenue generated through these sales would go to farmers as well.

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