The recent increase in edible oil import duties will lead to higher prices for consumers, says Bikaji Foods International Ltd. The company’s COO highlighted that this move will directly impact the cost of products, pushing up retail prices.
As edible oils are a key ingredient in many of Bikaji's offerings, the price hike is inevitable. With the import duty rise, companies like Bikaji face higher operational costs, which will be passed on to customers, affecting affordability and consumer spending.