India, Sept. 1 -- The price of fresh buffalo milk supplied from cattle sheds in Mumbai rose by Rs 9 per litre to Rs 102 on Tuesday, September 1, putting an additional burden on household budgets ahead of the festive season.

According to the Mumbai Milk Producers' Welfare Association (MMPA), the revised wholesale rate will remain in effect until February 28, 2027, to offset a 60 to 70 per cent increase in the cost of acquiring milch animals and a 25 per cent rise in feed prices.

"The wholesale price hike by Rs 9 per litre from September 1 means retail rates may also shoot up to Rs 115-125 per litre or more, depending on the localities served, and the local demand," MMPA chairman C K Singh said.

The decision was taken at the association'...