Lawstreet Journal

Alcoholic Beverage Makers Write to State Governments to Allow Price Hikes

Lawstreet Journal 11 Nov 2021 5:05pm

Image courtesy: Lawstreet Journal Business Alcoholic Beverage Makers Write to State Governments to Allow Price Hikes

The Confederation of Indian Alcoholic Beverage Companies (CIABC) that includes Radico Khaitan, Allied Blenders & Distillers and Amrut Distilleries among others have recently written to the state governments to allow alcoholic beverage makers to hike prices to offset the rising input costs due to the Pandemic. 

The Confederation of Indian Alcoholic Beverage Companies (CIABC) will further be reaching out to all state governments with regards to the pricing challenge. 

It is in the process of writing to states such as Delhi, Haryana, Punjab, Telangana, Andhra Pradesh, Kerala, Rajasthan, Madhya Pradesh, Odisha, Chhattisgarh, and others. 

In India, nearly 15% tax revenue gets generated from the liquor industry. While adding to this, in its letter, CIABC also mentioned that the prices of key raw materials continue to rise with the price of Extra Neutral Alcohol (ENA), a key ingredient of liquor rising by 5 percent and the cost of vatted Malt Spirits increasing by 10 percent as well as cost of dry raw materials also going up.

Prices of glass bottles are also up around (9-13 percent) as well as PET bottles are up around (7-10 percent). Similarly, prices of smart caps have also increased by (3-5 percent) as well as of ROPP caps prices (aluminum caps) have also increased by (17-21 percent). 

In addition, prices of mono cartons have also increased by (14-17 percent) and of labels by (11-13 percent) and travel expenses have also been affected by hike in fuel prices by 15 percent. An all round increase in… Continue Reading...


Tagged: CIABC  
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