New Delhi, June 26 -- 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. The industry is not able to honour contract on the agreed pricing, as the purchase of raw material such as wheat, refined palm oil and sugar have shoot.''
All three are the essential raw material of the bakery industry, therefore the industry is getti...