Tamil Nadu has recorded a cumulative Rs 6 per litre increase in milk procurement prices in less than two weeks, while Mumbai is set for a Rs 9 per litre increase in wholesale milk rates from September 1, according to ANI.
In Tamil Nadu, Chief Minister C Joseph Vijay on Monday announced a Rs 3 per litre increase in Aavin's milk procurement price, raising the rate from Rs 41 to Rs 44 per litre. The latest hike will cost the state government an additional Rs 60 crore a month, or Rs 720 crore annually.
The increase comes less than two weeks after the milk procurement price was raised from Rs 38 to Rs 41 per litre.
Meanwhile, in Mumbai, the Bombay Milk Producers Association has announced a Rs 9 per litre increase in wholesale milk prices from September 1. The wholesale rate will rise from Rs 93 to Rs 102 per litre and remain in effect until February 28, 2027.
Dairy farmers and cattle shed operators in the Mumbai region have attributed the increase to rising costs of green fodder, grain husks and oil cakes, along with higher transportation and livestock maintenance expenses.
The Mumbai wholesale price increase is expected to push up retail milk prices and increase the cost of dairy products such as curd, paneer and sweets, particularly ahead of the festive season.
The successive procurement and wholesale price increases in Tamil Nadu and Mumbai are set to increase the cost burden across the dairy sector, with consumers facing the potential impact through higher milk and dairy product prices.
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