Costly wheat in domestic, international markets to push up biscuit prices

In the past month, wheat prices have increased 6.3% as production is expected to be 1.5% lower, in terms of crop acreage, than the earlier estimate

The biscuit with your tea could soon be more costly, thanks to a sharp rise in wheat prices, both in the domestic and international markets. 

Britannia, which makes both bread and biscuits, and Parle are considering price hikes for their products, as is ITC that sells biscuits, along with Aashirvaad atta. Smaller manufactures are also likely follow suit. In the past month, wheat prices have increased 6.3 per cent. The reason: production is expected to be 1.5 per cent lower, in terms of crop acreage, than the earlier estimate.

The government has this year procured more than targeted wheat, in a bid