Amul gave relief to the public, the price of milk will not increase now, MD gave information
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GCMMF pays about 80 per cent of the retail price to milk producers. The company has projected a 20 per cent growth in revenue to Rs 66,000 crore for the financial year 2023-24 amid growing demand for milk. The company clocked a turnover of Rs 55,055 crore in FY 2022-23, which is 18.5 percent higher than a year ago.
New Delhi. The Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), which sells milk products under the Amul brand, has no plans to increase milk prices as of now. When asked about the price of milk, GCMMF Managing Director Jayen Mehta said, “As of now we have no plans to increase the prices.” He said that the cost price has gone up by 15 per cent in one year, due to which the union had to increase the retail price slightly last year.
At the beginning of the month, the price of Amul milk was increased by Rs 2 per liter in Gujarat. Prior to this, the price of Amul milk was increased by Rs 2 per liter in other states of the country in February. Mehta told PTI that the GCMMF did not increase prices in 2020 and 2021 due to the Covid pandemic, but did increase prices on a few occasions last year.
He said that GCMMF gives about 80 percent of the retail price to the milk producer farmers. The company has projected a 20 per cent growth in revenue to Rs 66,000 crore for the financial year 2023-24 amid growing demand for milk. The company clocked a turnover of Rs 55,055 crore in FY 2022-23, which is 18.5 percent higher than a year ago.
GCMMF said that the demand for dairy products had increased significantly in the post-Covid period, which saw a strong growth in the company’s revenue in the last financial year. He said, “It is expected that the sales of all the products will continue at this pace. Demand is now shifting from unorganized sector to organized companies.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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