Thursday, 29 September, 2022

Liquid milk price shoots up

  • Staff Correspondent
  • 28 August, 2022 12:00 AM
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Liquid milk price shoots up

Popular News

Price of liquid milk sold by private companies has increased again in the country, putting more pressure on consumers who are already facing tough times due to the growing cost of living in Bangladesh.

Some leading milk packaging companies have raised the maximum retail price (MRP) of one-litre liquid milk price by Tk 10 per litre recently.

Aarong, Pran Milk and Farm Fresh companies increased the price of one-litre liquid milk to Tk90 from Tk 80 and half-litre packs of liquid milk price to Tk 45 from Tk 40, said Mohammad Roman, a grocery shop owner at Mohammadpur.

Three months earlier, in May, private companies increased the price of liquid milk by Tk 10 per litre, he said.   

He said most of the time Aarong, a concern of Brac Enterprise, increased the price of liquid milk, then other companies stated to increase the price.

Powdered milk price also increased by Tk 20- 30 per kg this week at the retail market.

Price of Dano milk has increased to Tk 780-810 from Tk 750-780 per kg in a week while price of Diploma milk increased to Tk 760-800 from Tk 750-780 per kg in a week, according to Trading Corporation of Bangladesh (TCB).

The country’s milk production has increased at least threefold over the past nine years, now meeting two-thirds of the total demand.

The country produced9.9 million tonnes of milk against the demand for 15 million tonnes, according to the Department of Livestock Services.

In 2009-10 fiscal, the annual milk production was only 2.3 million tonnes, which jumped to 9.9 million tonnes in the fiscal year 2018-19, registering a 319% rise, saysthe DLS data.

In the intervening years, the average year-on-year growth was 17.9%, with the highest 46.53% in 2012-13 fiscal year and the lowest 1.27% in 2017-18 fiscal. In FY 20178-19, it was 5.55%.

Last year, the country produced 9.9 million tonnes, which was 65.27% of the total demand.