Food inflation, including that of edible oils, especially palm oil, has been a cause of concern for several firms. Ltd, which sells biscuits under the Parle-G and Milano brands and salty snacks under Full Toss, has reduced the grammage in biscuits at ₹5 and ₹10 price points. In the ongoing quarter, price hikes to the tune of 3-7% are underway for its confectionery and salty snacks portfolio, the company said. “The oil prices are killing and salty snacks are highly dependent upon oil. Bikano, which makes salty snacks, cookies and namkeens, said the rising price of palm oil that doubled over the past one year has affected the snacks industry in a big way.

Source: Mint July 11, 2021 19:07 UTC