Parle-G Price Hike: The company may soon increase the price of Parle-G bus. A report has revealed that Parle Products, the country’s largest food product manufacturing company, may increase the prices of its products by up to 5 percent from January 2025. The increase in prices will affect Parle-G biscuits as well as chocolates, snacks and other food items. The changes made by the company can be implemented from January next year.
The weight of a packet of biscuits can also be reduced.
According to the report of CNBCTV18, Parle can also reduce the weight of its cheapest and lowest priced packets. The report said that the weight of the packet of the most liked ‘Parle-G’ biscuit can be reduced by 5 to 10 percent. The weight of similar packets of other cheap biscuits can also be reduced. Media reports say that the rising cost of raw materials and increase in import duty on palm oil are affecting manufacturers.
product cost increases And the impact of increase in import duty on palm oil has made it necessary for companies to increase the price of the product. Recently the import duty on palm oil has been increased by the government. Palm oil is used in making biscuits. Earlier in 2021, Parle-G had announced a 5-10 percent price increase on its favorite products like Parle-G, Hide & Seek and Crackjack.
in prices The main reason for the increase is the huge increase in the prices of raw materials like sugar, wheat and edible oil. Apart from biscuits, the company had also increased the prices of rusks and cakes by 7-8 percent. At that time, the price of Parle-G, a favorite glucose biscuit, was increased by 6-7 percent. However, the increase in the price of biscuits will be seen only on packs of more than Rs 20.
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