Milk to get costlier? Dairy companies to increase prices in FY23
Wholesale milk prices increased 5.8 per cent y-o-y pan-India in June. Milk prices in South India have gone up by 3.4 per cent y-o-y. With increasing milk procurement prices remaining a key concern, a number of dairy companies are expected to take further price hikes in the first half of FY23.
Top stock picks to watch from Dairy sector by ICICI Securities
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India.
