What does data tell us about spike in milk prices?
When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation Anecdotal accounts of dairy products being unavailable in markets combined with high inflation for milk and milk products, recent speculation about the government allowing milk imports, and its subsequent refutation by the […]
Milk prices up by 10.5% from a year ago
Inflation in the prices of milk and milk products has accelerated almost continuously for the last 20 months and, in the last five months, it has consistently surpassed the overall level of price rise in the country. The reason for this, according to people closely associated with the milk industry, could be a combination of […]
Buoyant demand, inadequate supply to push milk prices higher
The run-up in milk prices is expected to continue in fiscal 2024, led by buoyant demand, constrained supply and under-recovery of costs in the previous two fiscals. Demand has rebounded since the easing of COVID-19-induced restrictions on social gatherings and the hotel, restaurant and café segment, and is being fed by rising consumption of value-added […]
Amul marketer launches fixed-price edible oil pack to beat inflation
In a disruption to the edible oil retailing, cooperative major Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) has launched a fixed-price retail pack of refined cottonseed oil for ₹100. The Amul marketer GCMMF sells six variants of edible oils under the brand ‘Janmay’. never-tried-before This new initiative, according to the dairy major, will make the edible oil […]
Fodder cost whips up milk prices: R S Sodhi
While cereals inflation of 12 to 13 percent has caught headlines, the second largest factor pushing up food inflation is milk prices. In February Consumer Price Index (CPI) data showed milk prices up by 9.6 percent from year-ago levels; higher than an already elevated 8.8 percent year-on-year rise in January. And while cereal prices will […]
Inflation in Feb 6.44% on prices of cereals, milk
A hike will add to the cumulative rate hike of 2.5 percentage points since May 2022 and is bound to generate growth headwinds for what is already a slowing economy. India’s benchmark inflation number, as measured by the Consumer Price Index (CPI) grew at 6.44% in February on the back of sticky core inflation, and […]
Milk prices to stay elevated till Diwali: Mother Dairy MD
Milk prices are likely to be at elevated levels till October this year due to high cost of feed and raw material, and supply challenges, a senior official of Mother Dairy, a major milk supplier in the Delhi-NCR region, said on Monday. Organised players, including Mother Dairy and Amul, hiked milk prices multiple times in the […]
Dairy products saw sharp price rise ;no immediate relief expected
Milk and milk products prices have been surging. Ghee has see the sharpest rise, in terms of retail inflation during the last six months, followed by ice cream and baby food. Industry expects milk prices to continue rising. According to the item wise retail inflation data sourced from data warehouse of Statistics Ministry, retail inflation […]
At 29.30 per cent in January, fodder inflation continues to rise
No respite seems in sight from the rising milk prices as fodder inflation continues to rise. The annual rate of fodder inflation based on all-India Wholesale Price Index (WPI) numbers has further increased to 29.30 per cent in January 2023 against 28.66 per cent recorded in December 2022. Fodder inflation was recorded at 7.14 per […]
Milk price reaches Rs210 a litre in uncertain economic conditions
In uncertain economic conditions, consumers continue to receive severe price shocks following an unchecked hike in the prices of daily use items, including loose milk, which has been increased to Rs210 from Rs190 per litre by some shopkeepers and live broiler chicken which has seen an increase of Rs30-40 per kg in the last two […]
