Milk prices hiked in Karnataka by Rs 2, consumers to get additional 50 ml in new packets
Karnataka Milk Federation announced the increase in Nandini milk prices by Rs 2 per packet and will offer 50 ml extra milk. 500 ml packets will be replaced by 550 ml and 1000 ml by 1050 ml. Toned milk prices rise from Rs 22 to Rs 24 (550 ml) and...
However, consumers will now get 50 ml extra milk as the 500 ml milk packets will be replaced by 550 ml ones and 1 litre packets will be replaced by 1.05 litre ones.
Milk prices in Karnataka were last hiked in July 2023.
"As it is the current harvest season, the storage of milk in all district milk unions is increasing every day and the current storage is close to one crore litres. In this background, the price of each packet is being increased by Rs 2 with an additional 50 ml of milk being given to the consumers only for each half liter (500ML) and one liter (1000ML) packets," KMF said in a statement.
Toned milk, which was priced at Rs 22 for 500 ml and Rs 42 for 1000 ml will now cost Rs 24 and Rs 44 for 550 ml and 1050 ml respectively.
The price rise will affect all the packets that Nandini produces, including toned milk, double toned milk, homogenised toned milk, homogenised cow milk, special milk, Shubham milk, Samruddhi milk, homogenised Shubham milk, Santrushti milk,and Shubham gold milk.
This comes amid a rise in procurement and the lack of storage facilities for the state government owned milk federation.
Elsewhere, Amul and Mother Dairy had hiked their milk prices by Rs 2 per litre from June 3. "The increase in consumer price is mainly to compensate the producers for increased production costs, which have been on the rise for over one year," Mother Dairy had said at the time.
The Karnataka government recently hiked the prices of petrol and Diesel. The sales tax for petrol increased from 25.92 per cent to 29.84 per cent, resulting in a rise of Rs 3. For diesel it has been hiked from 14.34 per cent to 18.44 per cent, a rise of Rs 3.02. The opposition led by BJP held protests to oppose the move.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.