Amul feels that prices might remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, officials informed on Tuesday, adding that they are not in a position to confirm how much the prices will increase. "They can't go down from here, can only go up," Amul MD RS Sodhi told PTI when asked about his outlook on milk prices. The cooperative has hiked prices by 8 per cent in the last two years, including the ₹2 hike in milk prices per litre last month, Sodhi said. The official further stressed that inflation in his industry is not a cause of worry as farmers are benefitting through higher prices for the produce. Sodhi said, “The hikes by Amul and the broader dairy sector are very limited as compared to others or when compared to the rise in input costs."

Source: Mint April 06, 2022 06:07 UTC