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DDC Hikes Price of Milk by Rs 9 Per Litre

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DDC Hikes Price of Milk by Rs 9 Per Litre
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February 11: The Dairy Development Corporation (DDC) has increased the price of milk in accordance to the price in the local markets across different cities.

Organizing a press conference on Thursday, the DDC informed that the price of milk has been increased by Rs 9 per litre.    

The new price will come into effect from today (February 11), DDC said unveiling the decision taken by the Board of Directors on Wednesday, February 9.

As per the decision of the board, the price of milk has been fixed at Rs 85 per litre in the Kathmandu valley, Hetauda, Biratnagar and Janakpur.

Prior to this, it used to cost Rs 76 for a litre of milk in these cities.

Meanwhile, the board has fixed the price of Rs 81 per litre of milk in cities such as Butwal and Bhairahawa while the price is Rs 79 per litre in Nepalgunj and Dhangadhi.

With the increase in price, farmers are expected to gain Rs 6.52 and the industrialists with benefit with Rs 2.88 per litre of milk.    

The minimum base price of unprocessed milk, however, is Rs 56.4 per litre, as per the decision taken by the Council of Ministers on January 30. The base price will benefit the producers while the price fixed by the DDC will have impact on the consumers.

The government increased the price of milk upon the recommendation of a committee formed to adjust the price of milk. Although the price of milk used to be adjusted every year in the past, it had not been increased for the past two and half years.

Milk producers and farmers had been complaining that they were not getting the right price of their produce due to inflation. 

It is estimated that around 2.4 million metric tons of milk is produced in Nepal annually.

 

 

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