
Amul and Mother Dairy are raising liquid milk prices by ₹2-4 per litre from November 12, the second increase in FY27. The companies cite fodder, fuel and procurement costs, with procurement prices up at least 5%, and high maize prices for feed are a key driver.
Higher maize and fodder costs are squeezing Indian dairy margins and pushing retail prices up, which may increase demand for lower-cost feed ingredients. The effect on global grain prices is limited because India's dairy sector is largely domestic.
Not enough comparable past events yet for a historical read.
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