Biscuits are going to be hard!!
Russia ukraine war: As the world economy recovers from the effects of the corona, economic growth has slowed again due to the war between russia and Ukraine.
As the world economy recovers from the effects of the Corona, economic growth has slowed again due to the war between russia and Ukraine.
Sanctions
The war between ukraine and russia and the embargo on russia threaten to push up the prices of these goods. The prices of aluminum, copper, zinc, chalk, crude oil, wheat, natural gas, coal and cooking oil are rising day by day. Because the supply of these products is uneven, it is sold at every price every day.
Home Appliances
Prices have already risen sharply as prices of metals, plastics and inputs for consumer goods have risen. Russia's supply shortages caused by the ukraine war could push prices higher in the coming days.
Usha International, a manufacturer of air conditioners, culinary utensils, sewing machines, and water heaters, has announced a 10 to 15% price increase beginning in April.
Nickel price
The price of nickel in the london Metal Exchange market doubled last week to $ 1 million a tonne. Thus the nickel trade was stopped and canceled. russia holds 6% of the global nickel supply, 6% of aluminum and 18% of wheat exports.
Consumer goods
Input costs and production costs for companies that make FMCG products, a fast-moving consumer product, have doubled. As a result, the prices of those products may go up in the coming days.
The price of 100 grams of Lux soap has increased by 13% at Hindustan Unilever. It is also expected to increase the price of a wide range of goods.
If the price of crude oil and vegetable oil raw materials used in soap manufacture rises, the price of soap will rise as well. Prices for perfumes and cosmetics may also climb in the coming days.
"Rising inflation has driven up the cost of packaging, honey, and perfumes," Dabur india CEO Mohit Malhotra remarked.
As a result, its price could rise by as much as 5% in the next few days. Because most things are not distributed fairly, this price increase is unavoidable. For the time being, commodity prices are unlikely to fall.