(MENAFN- Live Mint) The Karnataka Milk Federation (KMF) on Tuesday announced a hike in milk prices with effect from Wednesday (June 26). However, it also said it would be enhancing the quantity of milk in its half and one litre packets by 50 ml.
The hike in milk prices comes days after the Karnataka government increased the sales tax on fuel, causing the petrol prices to go up by ₹3 per litre and diesel by ₹3.5 per litre in the state.
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In a statement, the KMF said the storage of milk in all district milk unions is increasing every day owing to the current harvest season.“The current storage is close to one crore litres.”
In this background, the KMF said, the price of each packet is being increased by ₹2 with an additional 50 ml of milk being given to the consumers only for each half liter (500ML) and one-litre (1000ML) packets.
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Karnataka Cooperative Milk Producers Mahamandal (federation) is the second largest Mahamandal in the country in the dairy sector.
"KMF has been procuring and processing milk from more than 27 lakh dairy farmers of the state through its member milk unions for the past five decades and has been introducing a variety of superior quality milk and milk products under the brand name 'Nandini'," it stated.
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A 500 ml toned milk packet of Nandini that costed ₹22 till today, will now cost ₹24 with the hiked price. However, the ₹24 packet will contain 550 ml of toned milk.
Similarly, the 1000 ml (1 litre) packet which was priced at ₹42 and will now be sold as 1,050 ml at ₹44.
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Similarly, prices will go up for other categories of milk under Nandini brand from tomorrow.
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