new Delhi. Due to the war that broke out in Russia-Ukraine (Russia-Ukraine Conflict), there is a stir in the markets around the world. With the escalation of the Russia-Ukraine Crisis, its impact has started showing in different regions. This war is going to affect you too. Actually, your pocket is going to be loose due to this war. Buying biscuits can be expensive for you.
The question must have come in your mind that how will it be expensive to buy biscuits. Actually, behind this is the increase in the prices of wheat. Wheat prices have increased due to the war between Russia and Ukraine. This will affect both the companies and the customers.
A biscuit contains 60 percent wheat flour, 20 percent edible oil and 20 percent sugar. If we talk about the cost, then it consists of 30 percent wheat, 15 percent oil, 10 percent sugar, 10 percent packaging and 35 percent of other costs.
Russia is the world’s largest exporter of wheat
Russia is the world’s largest exporter of wheat, while Ukraine is the third largest exporter of wheat in the world. The war between the two countries has caused major disruption in the supply chain of wheat, among other things. Wheat prices have increased due to problems in the supply chain. This year, the price of wheat has become expensive by about 111 percent.
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Apart from wheat, the prices of palm oil have almost doubled in a year. Sugar prices have also increased by up to 15 percent due to problems in the supply chain. At the same time, packaging and other expenses have also increased. Biscuit companies like Parle, Britannia have increased prices by 6-8 percent this year.
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You may be surprised to know that even after this, the prices of biscuits remain 5, 10 and 15 etc. Actually, companies have reduced the size of biscuits. However, even after this, biscuit companies are not able to make money.
Tags: Russia ukraine war, Ukraine
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