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India- Increased input costs bite into biscuits manufacturers profits, says TPCI

The increase in commodity prices (Wheat flour) coupled with rising refined palm oil (RPO), is eating into the margins of biscuit manufacturers in India, said Trade Promotion Council of India (TPCI) on Friday. Speaking on the hike in input cost of raw material for the bakery industry, Mohit Singla, Chairman said, ‘The Indian biscuits manufacture is going through turmoil and disruption on account of the increased input cost to the tune of 35% to 40%, in the recent past.