Milk Vita hikes consumer prices by 10%

Milk Vita, the state-owned dairy cooperative, has raised the price of one-litre packaged milk by Tk10 to Tk110 per litre, resulting in a 10% hike, to cope with rising production cost.

The price of half-litre standard milk has been also increased by 10% to Tk60, and that of toned milk to Tk55.

The new prices came into effect on 5 August, Milk Vita said in a statement on Monday.

The prices for collecting milk from farmers has also been raised from 1 August, it added.

Rising prices of fodder, packages, fuel and electricity have contributed to the hike in retail prices, Milk Vita said.