Prices of every dairy product including Amul, Motherdairy and Sudha increased once again, know why!! , Everyone uses dairy products in their homes, and it has also become a daily necessity of the people.
But one day fluctuations are seen in dairy products, due to which many people have stopped taking it due to increase in price, because the common man buys such products once but it becomes difficult. For poor people. However, which is not right and we will tell you the reason behind it.
Rising prices of animal feed
The report said that in November 2022, the price of maize was higher by 27.4 percent and wheat by 31 percent on an annual basis, making animal feed costlier. It added that it is expected that farmers will compensate for higher milk prices by increasing prices, which may force companies to raise prices again.
valley of companies earnings
The report states that volatile raw material prices have forced companies to increase milk prices. Despite this, there has not been much increase in the earnings of the companies. Analysts at ICICI expect a year-on-year decline in profits for dairy companies in the second half of FY2023.