Amul, Mother Diary hike milk prices by Rs 2 due to rise in procurement cost

Popular milk brands Amul and Mother Dairy have decided to raise their milk prices by Rs 2 per litre from Wednesday to compensate for the increase in procurement costs.

The hike -- which comes days before Janmashtami celebrations and months ahead of the flush season when milk supplies usually rise -- may impact household budgets because milk is one of the most widely consumed items.

For dairy companies, milk procurement costs have risen due to the increase in feed meal rates for farmers. In the case of milk, 70-80 per cent of the price that a consumer pays