New Delhi: After the recent hike in milk prices by Amul, dairy firm Kwality Ltd will increase its milk prices by Rs.2 per litre across all variants in the Delhi-NCR region from Wednesday.
Kwality Ltd, a city-based BSE and NSE listed firm, has attributed the increase in the cost of procurement to the recent price hike.
“We have decided to increase milk prices by Rs.2 per litre across all variants from May 13, that is on Wednesday,” Kwality Ltd Chairman and Managing Director Sanjay Dhingra told PTI.
Dhingra added that they are compelled to increase prices as the cost of procurement of milk has gone up in the last few months.
After the proposed increase, Kwality full cream milk will cost Rs.48 per litre, toned milk will be priced at Rs.38 a litre and double toned would be available for Rs.34 a litre.
On May 9, Amul had increased its milk prices by Rs.2 per litre across all variants.
Mother Dairy, the largest milk supplier in the Delhi-NCR region, had also said it is keeping a close watch on procurement costs, but did not specify whether it will hike prices or not.
Kwality Ltd sells about 3.5 lakh litres of milk per day, whereas Mother Dairy sells about 30 lakh litres a day and Amul about 26 lakh litres per day.