Fuel price hike: rice and oil producers in Kangayam are on a wait-and-watch mode
The ongoing conflict in West Asia has led to a shortage of packaging materials and increased costs for raw materials, impacting eateries and hotels in Coimbatore and Tiruppur. In Kangayam, a key area for rice and edible oil production, producers are currently adopting a wait-and-watch approach regarding pricing. While packaging and transportation costs have risen, the prices of basic raw materials for edible oil have not yet changed, leaving the market in a state of uncertainty.
- ▪Eateries in Coimbatore and Tiruppur have trimmed menus and increased prices due to rising costs.
- ▪Kangayam rice mill owners report a steep hike in packaging costs, with a 26 kg bag now costing ₹31.
- ▪The price of basic raw materials for edible oil has not increased, keeping current prices stable.
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With the West Asia war resulting in shortage of packaging materials, increase in cost of several raw materials, and steep hike in petrol and diesel prices, eateries and hotels in Coimbatore and Tiruppur districts have trimmed menus, increased prices, and limited serving hours.Yet, in Kangayam, which is a major hub for production of rice and edible oils, the units are on a wait-and-watch mode. Rising prices in Tamil Nadu and a ship-sized hole in household budgetThe Kangayam rice mill owners association’s president Palaniswamy said cost of packaging materials has seen steep hike in the last six months. A 26 kg bag costs ₹31 a piece now, which is almost ₹12 more than what it was in December 2025.
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