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Nadine Mather and Chloë Loubser
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Polymer rate hike to hit packed food
NEW DELHI, India, 6 June - There is one more reason why your grocery bill may shoot up in the next few days. Packaging costs are expected to rise substantially, which could push up the prices of branded consumer products.
Prices of polymers, which are used for producing packaging goods, have gone through the roof in the past month. Reliance Industries-the largest player in the industry with a market share of almost 70 per cent-has gone in for a substantial hike in the prices of polymer products.
Article courtesy Packaging Digest
