One month of West Asia crisis: FMCG companies coping with surging raw material costs

If the conflict continues, calls on price hikes will need to be taken by later next month, say experts | Photo Credit: yalcinsonat1 One month into the West Asia conflict, the FMCG industry is coping with surging packaging costs due to rising crude oil prices and rupee depreciation. Rationalising of commercial LPG has also had some impact on production for some sectors. In categories such as edible oils, packaged water and paints, players have already begun taking price hikes. Others said if the...