Milma to hike milk price by ₹4/litre from June 1
Milma, the Kerala Co-operative Milk Marketing Federation, will increase milk prices by ₹4 per litre starting June 1. This decision comes in response to rising production costs and aims to support dairy farmers who have been struggling financially. The price hike will see customers paying ₹28 for a 500-ml packet of homogenised toned milk, up from ₹26.
- ▪Milma accounts for approximately 85% of the liquid milk market in Kerala.
- ▪The price of a 500-ml packet of homogenised toned milk will rise to ₹28 from ₹26.
- ▪Of the ₹4 hike, ₹3.35 will go to dairy farmers and 25 paise to dairy cooperative societies.
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Household budgets are likely to be hit hard and tea/coffee prices in neighbourhood tea shops are sure to go up as milk prices increase from June 1.The Kerala Co-operative Milk Marketing Federation (KCMMF), whose Milma brand accounts for close to 85% of the liquid milk market in the State, announced here on Wednesday that it would be increasing the price of milk by ₹4/litre from June 1.Customers will have to pay ₹28 for a 500-ml packet of homogenised toned milk, which is priced at ₹26 now. The prices of other variants of packaged liquid milk and other milk products sold by Milma will also go up correspondingly.In a statement, the KCMMF said a proposal in this regard was approved by the KCMMF board here on Wednesday.
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