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India’s Packaged Food Companies Trim Package Sizes, Hike Prices

July 12, 2021: 12:00 AM EST
Thanks to inflation in commodity prices and high transport costs, packaged consumer food companies in India are trimming the weight of smaller-sized packs or hiking prices in categories such as salty snacks, chips, and cookies. Higher prices in commodities like palm oil have been a particular cause of concern for companies. For example, PepsiCo India, which sells the popular Lay’s and Kurkure snacks, might reduce the weight of its $0.07 and $0.14 packs. Parle Products Pvt. Ltd has reduced the weight of smaller biscuit packs. In chips, the company has reduced the size of some packs priced at $0.67. Bikano, which makes salty snacks, cookies, and namkeens, said the rising price of palm oil – it has doubled over the past year – may continue for three to four months.
"Packaged food companies to cut on grammage or hike prices on snacks amid inflation", Agro & Food Processing, July 12, 2021, © Agro & Food Processing
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