India, Nov. 6 -- The Karnataka Milk Federation (KMF) on Wednesday announced a sharp increase in the price of its flagship ghee product, Nandini ghee, raising the cost by Rs.90 per litre, bringing the new retail price to Rs.700 per litre.

This move follows earlier relief for consumers after a GST-driven drop, when the price had fallen from around Rs.650 per litre to Rs.610.

KMF officials said the unprecedented rise in global ghee and dairy inputs, which are squeezing margins for cooperative sellers, compelled the organisation to revise its pricing.

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"Even globally, demand is pushing prices up. Our ghee rates remain among...