Milk gets costlier: TN raises procurement price; wholesale rate in Mumbai to cross Rs 100
Milk prices are rising in Tamil Nadu and Mumbai due to increased costs for cattle feed, transport, and maintenance. Wholesale rates in Mumbai are expected to exceed Rs 100 per litre starting in September.
Why it matters
Rising dairy costs contribute to inflationary pressures on essential food items, impacting household budgets ahead of the festive season.
Milk prices are set to rise in Tamil Nadu and Mumbai, with dairy producers citing higher cattle feed, transport and maintenance costs. .Tamil Nadu recorded a Rs 6 per litre cumulative hike in milk procurement prices in less than two weeks, while Mumbai is set for a Rs 9 per litre increase in wholesale rates from September 1, according to ANI.In Tamil Nadu, Chief Minister C Joseph Vijay on Monday announced a Rs 3 per litre increase in Aavin’s milk procurement price, raising it from Rs 41 to Rs 44 per litre.
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