US-Iran deal eases pressure on consumer firms, but no relief for shoppers yet
Parle Products, among the country’s largest packaged food companies, expects lower oil prices to eventually reduce packaging, manufacturing and freight costs, but says the industry is still waiting for prices to stabilize before making any pricing decisions. “We expect the impact to be positive as lower crude prices could help improve consumer sentiment,” Mayank Shah, chief marketing officer at the company, told Mint.
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