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Price hikes looming (again), distributors warn

Published

2 years ago

on

06/11/2021

By

News Moris Team

Price hikes looming (again), distributors warn

Major companies involved in the distribution of Fast-Moving Consumer Goods (FMCG), including Panagora Marketing Ltd and Innodis Ltd amongst others, have announced imminent increase in prices of imported products like canned foods and pulses.

The price hike will be around 10%.

The price of cooking oil as well as imported frozen vegetables will also go up by around 10% or more.

The major reason remains the rising costs of freight.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.