With crude palm oil rates on fire, consumer firms start raising prices

Quick Summary:

One of the country’s largest consumer companies, Hindustan Unilever, said it has already started to take price increases in the skin cleansing category.

Edible oil prices have risen by 25-30 per cent, which will impact consumption.

Angshu Mallick, MD and CEO at Adani Wilmar, said in a recent interview, “We may not replicate this growth, but one thing is certain: all this is happening because of concerted efforts to create a better distribution infrastructure.

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Article Details

Category: BusinessFinance

Markets: IndiaIndonesia

Topics: Crude palm oil prices Hindustan Unilever Consumer market Consumer cos FMCG

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 18:55:25 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23266660

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