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.
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 monsoon deficits worsen fodder shortages and hit milk output.