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Global Tensions Hike Costs for Bikaner's Famous Namkeen
4 Apr
Summary
- West Asia war disrupts shipping routes and increases freight costs.
- Edible oil prices rose 20% in one month, impacting production.
- Packaging costs increased 30-40% due to rising petroleum prices.
Manufacturers of Bikaner's famous namkeen products, including bhujia, papad, and sev, are experiencing significant economic repercussions from the escalating conflict in West Asia. Exports to Gulf countries and Europe have slowed due to disrupted shipping routes and increased freight costs. This global instability has led to container shortages, affecting both incoming raw materials and outgoing finished goods.
Rising input costs are a major concern, with edible oil prices climbing by approximately 20% in the last month alone. Furthermore, escalating petroleum prices have driven packaging expenses up by 30-40%. These increased operational costs are placing considerable financial pressure on traders, who are also contending with delays in both shipments and payments.
The Bikaner namkeen industry's global reach includes countries like Iran, Iraq, Oman, the UAE, Qatar, Bahrain, and European nations such as the UK, Germany, France, Italy, and Spain. Traders warn that a prolonged continuation of this situation could severely impact the city's export-dependent economy.
