The country's largest food products marketing organisation Gujarat Co-operative Milk Marketing Federation (GCMMF), which sells its dairy products under the brand 'Amul' has increased butter prices by Rs 2 per 100 gram pack from next week, citing higher input costs.
"Due to an increase in the input cost, we have to pay more to milk producers, hence, butter prices have been raised by Rs 2 per 100 gram pack," Chief General Manager GCMMF R S Sodhi told PTI.
The price of the 100-gram butter pack has been raised to Rs 25 from Rs 23, effective next week as the new stocks are being dispatched, he added.
"Let me inform you that dairy fat prices have doubled the world over during the last three months. Considering this, the increase in butter prices is much lower than other food items," Sodhi said.
GCMMF had increased milk prices by Re 1 in August this year citing rise in input cost.
GCMMF has a daily average milk collection of 8.4 million litres and its sales turnover touched Rs 67,113 million last fiscal, he said.
