Beer, alcohol companies seek price hike

NE DELHI: Beer makers on Tuesday warned of supply disruptions this summer due to cost increase and inadequate availability of packing material, while Indian alcohol makers have asked states to revise prices of Indian Made Foreign Liquor, citing price pressures. The Confederation of Indian Alcoholic Beverage Companies said a weaker rupee, along with higher cost of packing material and fuel and transport costs, are putting pressure on the industry.Brewers Association of India said in last three weeks the conflict has pushed up costs by 10-12%. “Glass bottles prices have risen by approximately 20%, paper cartons have increased by almost 100%, and cost of materials have gone up 20-25%. Freight and logistics costs have also risen by 10%,” it said. Glass bottle supplies are hit due to LNG shortage, while aluminium shortage is affecting availability of cans, it added.