War Impact on Sweets: Ice cream-chocolate lovers hit! ‘Sweet dishes’ became expensive due to Iran war, prices will flare up due to Trump?
- 10 percent increase in price of ice cream
- Adverse effect on the profitability of companies
- Adverse effect on the profitability of companies
War Impact on Sweets: Till now, people had to suffer from drought to get LPG gas. Adding to this, there were fears that petrol and diesel would also become more expensive due to rising crude oil prices. With this worry and scorching sun, ice creams seem to be at least a relief, now their prices are also going to go up. In fact, the fires of war that have raged across the seven seas have reached your refrigerator. Current tensions between Iran and the US have disrupted the supply chain, making dried fruit and cocoa used in ice cream and chocolate unaffordable. All in all, the conflict in West Asia is starting to spoil your ‘sweet tooth’ taste.
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10 percent increase in price of ice cream
Companies use dry fruits like almonds, cashews and pistachios to flavor ice cream and chocolate. The price of this dry fruit has increased by 15 to 22 percent in recent times. According to a report, Siddhant Kamat, director of Naturals Ice Cream, explained that there is a major problem in the supply of cocoa and dry fruits used to make chocolate. He said that many of these goods are imported by sea, but due to the war, ships cannot reach them on time. In the face of these rising costs, his company has increased the price of its ice cream by about 10 percent.
Adverse effect on the profitability of companies
When raw material prices rise, companies have two options. Either making goods more expensive or reducing profits. Mother Dairy Managing Director Jayathirtha Chari says they have also increased the prices of some selected ice creams due to increase in transport costs and global prices of raw materials. Due to the summer season, companies do not want to compromise the quality of ice cream by reducing the quantity of dry fruits. Jarvin Rana, Director, Dinshaw Dairy Foods, believes that in this situation, companies are left with no other option but to increase the MRP of the products.
A load on the pockets of chocolate lovers too
This bad news is not only for ice cream lovers, but also for chocolate lovers. According to Devansh Asher, founder of Paskati Chocolates, dry fruits like hazelnuts have gone up to 75 per cent more expensive than last year. These dried fruits often come from countries like Turkey, but because of the war, they now have to be imported by air instead of by sea, which increases costs significantly.
Not only this, the prices of thermocol boxes used for packaging have also increased. Valco Food Company also says that if the prices of petrol and diesel rise further, it will be another big hit for the companies. Obviously, you may have to spend a little more money on these sweet treats in the next month or two.
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