Financial Express - Costlier milk no more: New Year’s double cheer for household budgets

The new year 2020 may bring double-good news for Indian households, with milk prices not to rise any further any time soon, even as onion prices are set to come back down to earth by the end of this month. Major dairy players such as Amul and Mother Dairy hiked milk prices twice last year. It was anticipated that the milk prices will be hit by another increase in near future, but Amul and another dairy company Aadvik Foods have said that there are no immediate plans of raising prices. “There is no immediate plan to increase milk prices,” RS Sodhi, managing director, Amul, told Financial Express Online. “As such, we do not expect them to rise again anytime soon,” Hitesh Rathi, Founder, Aadvik Foods, told Financial Express Online. Mother Dairy declined to comment. Read More