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Company announced that the price of Nestlé India’s products will go Up
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Today, Nestle India Limited has announced that it will increase the price of some of its products as the price of commodities like milk and coffee has gone up in price.

Although the price of such products as milk and coffee has risen for 6 to 8 months, the company has not increased the price of its products. But Nestlé said the price of some of its products would increase by 1 to 3%.

Nestle India president Mr Suresh Narayan said the demand for raw materials for making various items is now on the rise in the global market. Local markets have opened at various locations since the lockdown is over in some areas.

As a result, prices have risen sharply in recent months. Prices for other items, starting with raw materials, are rising. The effect of this bonded pressure is beyond their expectations.

The price of milk, coffee and packaging will increase by 4 to 5% due to external pressure. The first part of 2021 was relatively safe, with only the price of packaging and crude oil rising slightly. But the price of milk and wheat remained stable. However, prices will rise in 2022. “It’s going to be a challenging year,” he said.

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