
India’s liquid-milk inflation exceeded 4% in September 2026 and paneer prices rose more than 5.5% in October. Amul raised fresh-milk pouch prices by 4–5% effective November 12, and Mother Dairy raised its Delhi-NCR liquid-milk prices by ₹2–4 a litre.
Both companies cited higher procurement and feed costs.
Cattle feed in September cost roughly 15–20% more than a year earlier, with maize and soybean-based inputs rising, partly on ethanol-linked maize demand. Higher feed costs are feeding through to dairy procurement and retail prices, which supports demand for maize and soy feed ingredients.
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