New Delhi, Jul 10: Leading milk supplier Mother Dairy has increased its milk prices in Delhi-NCR and other cities by Rs two/liter citing higher input costs.

The new hike, applicable for all milk variants, will come into force from July 11, the company said in a statement issued today.

The milk prices were last revised about 1.5 years ago in December 2019.

Validating the hike, the company said it has been experiencing inflationary pressure on the overall input costs which has increased multifold in last year.

‘In last 1 year, the farm prices have increased to the tune of 8-10 percent, coupled with mounting operational costs of processing, packaging, logistics, etc. It is pertinent to note that the farm prices of milk alone have firmed up by about 4 percent in the last 3-4 weeks. Despite paying higher prices towards milk procurement in the last 1 year, the consumer prices were kept intact. With this revision, the milk prices are undergoing a revision of 4 percent,” the release read.

In addition, the Company’s consumer milk prices are also being revised across key markets including East & Central Uttar Pradesh, Mumbai, Nagpur, Kolkata, etc. from July 11 onwards to the tune of Rs 2/litre on the current prevailing MRP in respective markets.

Mother Dairy Milk is available in over 100 cities across the country. (UNI)