Mother Dairy has confirmed that there are no immediate plans to raise the retail price of milk, citing a comfortable supply scenario. The company, a subsidiary of the National Dairy Development Board, currently sells approximately 55 lakh liters of milk daily across various states. In response to rising input costs, retail milk prices were increased by Rs 2 per liter on May 14.
Mother Dairy Chairman Meenesh Shah stated that the recent price hike was the first in a year due to increased input costs. Shah emphasized that while there is no intention for another price increase at present, any future adjustments would depend on cost fluctuations impacting the company’s operations. He reassured that the current milk supply situation and farmer procurement are stable.
Shah projected a 4-6% growth in the country’s milk production for the current fiscal year, expecting it to surpass 250 million tonnes. He highlighted that the growth aligns with the rising consumption trends, ensuring a sufficient supply of dairy products for the next decade. The government’s initiatives to enhance milk production through animal health improvements were also acknowledged.
