‘Spectre of food inflation will stare at us in 2022’

COVID-19 disrupted prices: Narayanan

Nestle India CMD Suresh Narayanan said 2022 would be a difficult year as commodity inflation pressures were anticipated to worsen.

“Going forward, 2022 clearly looks to be a difficult year,” he told the media.

“There is an uptick as far as milk prices are concerned. The disruption of the pandemic and the non-replacement of the milch herd across the country has really led to a depleted supply base,” he said. “There is going to be an escalation as far as milk prices are concerned.”