The Dairy Development Corporation (DDC), a government owned entity, has increased the price of milk. Organizing a press conference, the DDC informed that the price of milk was increased by Rs 9 per litre.
Currently, it costs Rs 76 per litre in the local market and the increased price will be effective from tomorrow, Friday. It will then cost Rs 85 per litre. The meeting of the Board of Directors at DDC had taken this decision on Wednesday.
As per the Board decision, the price hike is however different based on locations. Accordingly, Rs 85 is fixed for the Kathmandu Valley, Hetauda, Biratnagar and Janakpur cities, while Rs 81 for Butwal and Bhairahawa cities, and Rs 79 in Nepalgunj and Dhangadhi.
In the increased price, farmers will be benefitted with Rs 6.52 and the industrialists with Rs 2.88 per litre.
The farmers were demanding to hike price of milk.
