Price hikes loom for biscuits, snacks, and soaps as customs duty on edible oils rises by 20%

Prices of biscuits, snacks, detergents, and soaps could rise by 6-7% next quarter. This follows a government increase in customs duty on edible oils. Companies expect higher costs for palm oil and other inputs like wheat. Larger players might benefit as smaller ones struggle with price increases or financial impact.