India, Nov. 13 -- The Kolhapur District Cooperative Milk Producers' Union, popularly known as Gokul, is likely to increase milk prices to offset mounting losses, its newly elected chairman Rajesh Patil said.

"Raising milk prices has become imperative to address the losses incurred by Gokul. Several other brands have already increased their prices. The cooperative suffered losses of around Rs.24 crore during the six months when it was headed by an administrator. Addressing this issue is our priority," said Patil, a former NCP MLA from Chandgad in Kolhapur district.

Patil said the new management aimed to eliminate the losses. The board of directors would decide the extent of the proposed hike at its upcoming meeting.

"We will not opt for...