The price of Melbourne Cup admission is set to increase by $10 this year, meaning it will now cost $89 to attend Australia's biggest raceday.

The Victoria Racing Club have also proposed price increases for the three other major Flemington spring carnival meetings.

Derby day tickets are set to rise from from $74 to $83, Oaks day from $55 to $60 and Stakes day from $55 to $64.

The Victorian Racing Club (VRC) funds the Melbourne Cup carnival at cost of around $50 million each year.

This year's Melbourne Cup will take place on November 6.