Indian Liquor Firms Seek Price Hikes Amid US-Iran Conflict Impacting Supplies
India's liquor and beer manufacturers, represented by CIABC and BAI, have requested state governments to approve 12-15% price increases due to rising input costs linked to the ongoing US-Iran conflict affecting energy supplies. The conflict has disrupted gas and raw material availability, including glass bottles and packaging, leading to production challenges. Pricing and excise duties vary by state, with some allowing more flexibility. Industry representatives emphasize the need for timely price adjustments to manage supply and costs amid these disruptions.