Grocery bills to rise on commodity pain

Quick Summary:

FMCG companies in India plan to hike prices of household essentials, including cooking oil, soaps, and detergents, due to rising commodity costs like palm oil and copra.

This move adds upward pressure on inflation, with RBI closely monitoring the situation amidst geopolitical tensions and unexpected weather events affecting global prices.

Godrej Consumer said in its Sept quarter update that its earnings will be lower due to tough operating conditions driven by increase in palm oil prices.

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Article Details

Author / Journalist: Asmita Dey

Category: EconomyBusiness

Markets: IndiaChinaIsrael

Topics: Cooking oil Godrej Consumer Inflation Grocery bills Marico Palm oil prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 02:50:09 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22985488

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 28 posts per day

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