Dairy is the single largest agricultural commodity contributing 5 per cent of the national economy and employing more than 8 crore farmers directly.
On Monday, Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets milk and milk products under the Amul brand, announced a hike in milk prices by Rs 2 per litre from Tuesday.
Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) had posted a marginal growth of 2 per cent during the 2020-21 financial year to Rs 39,200 crore despite the Covid-19 pandemic.
Gujarat Cooperative Milk Marketing Federation (GCMMF)said it has decided to increase milk prices by Rs 2 per litre in all India markets where Amul is marketing its fresh milk, effective from March 1
The announcement comes within days after Amul and Parag Milk Foods increased prices by Rs 2 per litre each.