Amul, Mother Dairy flag fresh 3-4% milk price hike by July as El Niño dries up fodder
Top dairy players warn another 3-4% milk price increase is likely by July-August, on top of May's 2-3% hike, as El Niño threatens fodder supply and lifts procurement costs across Maharashtra, Gujarat and Tamil Nadu.
Indian dairy majors Amul, Mother Dairy and Parag warn milk prices may rise another 3-4% by July-August as El Niño threatens fodder supply, following a 2-3% hike in May driven by higher procurement and feed costs.