Amul, Mother Dairy flag fresh milk price hike as El Nino threatens fodder supply
After a 2-3% hike in May, Indian dairy majors Amul, Mother Dairy and Parag Milk Foods warn of another 3-4% increase by July-August if El Nino-driven monsoon deficits deepen fodder shortages and dent milk output across Maharashtra, Gujarat and Tamil Nadu.
What happened
Indian dairy majors Amul, Mother Dairy and Parag Milk Foods raised milk prices 2-3% in May and warn of another 3-4% hike by July-August if El Nino-driven
Key facts
- 2-3% May hike
- 3-4% potential July hike
Why this matters
Fodder-supply stress in Maharashtra, Gujarat and Tamil Nadu opens a window to bolt on regional chilling and procurement assets where smaller cooperatives are squeezed by the cost spike.