Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Feb, 11 2015

Amul not to hike milk prices in next 4-5 months

Amul is also planning to invest Rs 50,000 crore to expand its network and set up at least 10 new processing plants across the country in next two years.

Amul, owned and managed by GCMMF is not planning to hike its milk pricesin next 4-5 months, a top official of the company said to PTI.

"Last price increase happened in May 2014. At present condition, we have no plan to raise prices in next 4-5 months because of higher production and procurement,” said R S Sodhi, MD, Amul.

The price increase is not required currently as cost of milk production is also under control in view of stable feed prices and lower energy and transportation costs, the company added.

"We will take a call after 4-5 months. If feed prices rise, then we will be forced to hike prices. Otherwise, we will not do for the heck of it. Whenever we did, we raised it by Rs 2 per litre, which is just 4 per cent," Sodhi further informed.

The average price increase in milk in the current fiscal is around 5-6 per cent, much lower than 10-12 per cent in last two years.

Meanwhile, the company has also witnessed that milk buying from Gujarat and other parts of the country, has increased to 195 lakh litres per day from the average 155 lakh litres per day because of better prices being paid to farmers as compared to private dairies.

Amul is also planning to invest Rs 50,000 crore to expand its network and set up at least 10 new processing plants across the country in next two years.

Amul, formed in 1946, is a dairy cooperative based in Anand district of Gujarat and is managed by Gujarat Co-operative Milk Marketing Federation.

Comment
Related opportunities
  • Gym99 is a unique and one-of-its-kind gym concept,introduced for the..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50 K
    Space required 1500 - 3100 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Preschools
    The Poly Kids is a registered entity in Australia and internationally..
    Locations looking for expansion Uttaranchal
    Establishment year 2005
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 1600 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Dehradun Uttaranchal
  • Quick Service Restaurants
    About: Made -with - more was launched in 2015 in New..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Hearing Plus:-Hearing Plus is an organization that provides services..
    Locations looking for expansion West Bengal
    Establishment year 2006
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities