Milma increases milk prices by Rs 6 per litre
THE Kerala Co-operative Milk Marketing Federation, or Milma, on Thursday announced its decision to hike prices of milk by Rs 6 per litre which will come into effect from December 1.
Currently, the cost of a litre of milk in the state is Rs 46.
The price hike comes three years after Milma announced an increase of Rs 4 per litre in 2019.
"That time, 83.75 per cent (Rs 3.35) of the additional amount went to the farmers. That proportion will continue this time which means Rs 5.025 of the Rs 6 will go to the farmer," said the Chairman of the Federation, K.S. Mani.
The latest decision comes after a Milma-appointed panel comprising experts from the state's veterinary and agriculture universities conducted a study on expenses incurred by dairy farmers.