Vadodara, May 28 -- Anand-based Amul Dairy will increase the milk procurement price it pays farmers by Rs 10 per kilogram of fat, effective from June 1. The dairy cooperative has also decided to reduce the price of cattle feed.

Amul Dairy chairman Vipul Patel told mediapersons on Monday that it is the first time in the history of the milk union that cattle feed prices are being reduced while the milk procurement price is being increased.

"We have decided to increase the milk procurement price from Rs 855 per kilo of fat to Rs 865. This will directly benefit more than 7 lakh milk producers, who are our members in Anand, Kheda and Mahisagar districts of central Gujarat," said Patel, adding that the new procurement price is the highest in...