-PTI/ Financial Express Downtrading refers to the practice of switching from expensive products to cheaper alternatives by customers in a bid to conserve cash. FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise and unprecedented inflation. Besides, they are also...
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Average retail price of atta up 13% from last year
-TheNewsMinute.com The Union government’s wheat procurement is set to decline by more than half to 19.5 million tonnes in the current rabi marketing year amid higher exports and likely fall in output. The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13% increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta...
More »Britannia warns of further price hikes -Suneera Tandon
-Livemint.com The company estimates that it will have to increase prices by another 10% this year if spot prices of key commodities persist in the current fiscal NEW DELHI: Biscuit maker Britannia Industries Ltd, said it will have to take “tough calls" and initiate price corrections as inflationary headwinds continue to persist. In the last fiscal, the maker of Good Day biscuits and packaged cheese hiked prices by 10%. Major factors for the inflation...
More »Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia -Aniruddha Dhar
-Hindustan Times India is the world's biggest importer of Palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Indonesia President Joko Widodo's drastic measures to control food prices by banning Palm oil exports have come into effect from Thursday. India is the world's biggest importer of Palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm...
More »Edible oil prices in India to surge as Indonesia to ban Palm oil exports from 28 April -Ravi Dutt Mishra
-Livemint.com Global cooking oil prices have surged this year following Russia's invasion of Ukraine, which hit shipments of sunflower oil from the region. The Black Sea accounts for 76% of world sunflower oil exports. NEW DELHI: Domestic edible oil prices, already high, are set for a surge as Indonesia, the world's largest producer of Palm oil, will ban exports from 28 April. Indonesia, too, has been battling high edible oil prices amid domestic...
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