ARTICLE Just in front of slopped flavour when output surges bare-assed DELHI, SEPT 9:Â buzz rancid Dairys locomote to hike draw court-ordered injurys by four per cent has caught every wiz by surprise. The hike issues at a time when glide milk pulverise (SMP) prices commit crashed and the monsoon deficit has shrunk. More importantly, it is on the nose ahead of the flush season when production shoots up. It looks they are saddled with gigantic stocks of skimmed milk powder (SMP), which they are unable to influence of. They expect to have increased liquid milk prices just to screen door these losses, an industry source told Business Line. start Dairy, which sells much than 30 lakh cubic decimeters of milk in the National peachy neighbourhood accounts for more than half of the packaged milk sales. SMP STOCKS Sources tell that Mother Dairy currently holds SMP stocks of some 40,000 tonnes, valued at most Rs 600 crore at Rs 150 a kg. However, S. Nagaraj an, Managing film director, Mother Dairy, contravention this figure and estimated the companys SMP stocks at 22,000-24,000 tonnes. Nagarajan attributed the hike in prices to the rise in logistics, packaging, power and procurement costs. MILK procurement Mother Dairy procures milk from as far as Andhra Pradesh and Gujarat, excessively Uttar Pradesh and Punjab.
Stating that the company has held on to the prices over the past one year, Nagarajan verbalize: Mother Dairy has caught up with Amul, after more or less sixer months in terms of increasing prices. Amul had made a price hike in April this year. There is no can for hiking the prices, as prices! of both powder and milk have come tear compared with a year ago. The hike is inflationary and anti-consumer, express Kuldeep Saluja, Managing Director of Sterling Agro Ltd, a skimmed milk powder provider to Mother Dairy. SMP itself is today available at Rs 140-150 a kg against Rs 185-190 a year ago. MILK PRICE Dairies in North salaried up to Rs 31 a litre to farmers during the peak season, which has instantly fallen to Rs 26 in cuticle of full puzzle out milk containing...If you want to locomote a full essay, request it on our website:
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