GST rate hike: Price of curd, other milk products to go up


Representative image | Photo: Mathrubhumi

Thiruvananthapuram: The prices of curd, buttermilk and lassi are likely to rise following the 5 per cent GST imposed on these items. The prices of various items will go up from Rs 1.5 to Rs 3.5. At present, no GST is imposed on prices of Curd, buttermilk and lassi.

Milma is posed with the choice to either sell these products by bearing the losses or to raise their prices. As the price of milk is not being increased, Milma points out that curd cannot be sold at the current price by bearing the losses. Milma’s programme committee will call up a meeting by mid-July and decide on this matter.

Milma has been selling nearly 1 lakh litres of curd across Thiruvananthapuram, Ernakulam and Malabar unions in Kerala alone. Considering other private producers, the total supply will increase. The production of lassi and buttermilk is comparatively less in Kerala. Milma's ‘Kattimoru’ is being sold in Ernakulam union and costs Rs 30 per half-litre bottle.

K S Mani, the chairman of Kerala Co-operative Milk Marketing Federation (KCMMF) said that the decision will be taken after examining the loss beared by Milma if the prices are not hiked.

Add Comment
Related Topics

Get daily updates from Mathrubhumi.com

Youtube
Telegram
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.