Odisha's Omfed Increases Milk Prices Amid Rising Costs
Odisha: Omfed hikes milk price by Rs 4 per litre
News 18
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The Odisha State Cooperative Milk Producers’ Federation (OMFED) has raised milk prices by ₹4 per litre due to increased processing and transportation costs. The new prices, effective from May 3, 2023, include toned milk at ₹54 and premium milk at ₹58 per litre, among others.
- 01OMFED raised milk prices by ₹4 per litre.
- 02Toned milk now costs ₹54 per litre, while premium milk is ₹58.
- 03The price hike is attributed to rising processing and transportation costs.
- 04Farmers will receive an additional ₹1 for cow milk and ₹1.60 for buffalo milk.
- 05The price adjustment aims to benefit farmers while maintaining lower prices compared to competitors.
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On May 3, 2023, the Odisha State Cooperative Milk Producers’ Federation (OMFED) announced a ₹4 increase in milk prices, citing rising processing and transportation costs. The price for toned milk has risen from ₹50 to ₹54 per litre, while premium milk now costs ₹58, up from ₹54. Additionally, gold premium milk is priced at ₹60, and the gold premium plus variant at ₹64 per litre. The minister for Fisheries and Animal Resources Development, Gokulananda Mallik, stated that the revised prices reflect the need to support farmers, as OMFED will purchase milk at higher rates. The price increase also applies to milk pouches, with 500 ml of toned milk now at ₹27 and premium milk at ₹29. Furthermore, farmers will receive an additional ₹1 for cow milk, bringing the price to ₹39.05 per litre, and ₹1.60 more for buffalo milk sales. Mallik assured consumers that despite the price hike, OMFED's prices remain competitive and quality will not be compromised.
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The price increase will affect consumers purchasing milk and provide better compensation for farmers, potentially improving their livelihoods.
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