New Delhi, Jun 2 (PTI) The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the 'Amul' brand, has increased milk prices by about Rs 2 per litre from Monday across the country.

The increase of Rs 2 per litre translates to range of 3-4 per cent hike in MRP which is much lower than average food inflation, the GCMMF said in a late night statement.

Also Read | Amul Milk Price Hike: Price of Amul Milk Hiked by Rs 2 per Litre Across All Variants With Effect From June 3.

The announcement of price hike comes after the completion of voting process of the Lok Sabha elections.

The GCMMF said that since February 2023, it has not made any increase in prices of fresh pouch milk in major markets.

Also Read | Exit Poll Result 2024 for Odisha Assembly Election: Exit Polls Predict Neck-and-Neck Fight Between BJD and BJP.

"This price hike is being done due to increase in overall cost of operation and production of milk. Our member unions have also increased farmers' compensation by approximately 6-8 per cent over the last one year," the GCMMF said.

Amul as a policy passes on almost 80 paise of every rupee paid by consumers for milk and milk products to the milk producers.

"The price revision shall help in sustaining remunerative milk prices to our milk producers and to encourage them for higher milk production," the statement said.

Amul is a leading milk supplier in the country.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)