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Higher input cost bites into biscuits manufactures’ profits: TPCI

The increase in commodity prices coupled with rising refined palm oil cost is eating into the margins of biscuit manufacturers in India. According to Trade Promotion Council of India’s Chairman Mohit Singla, Indian biscuits manufacturing segment is going through a turmoil and disruption on account of increased input cost to the tune of 35 to 40 per cent in recent past.