The Prices of Sodium Bicarbonate is consistently rising in India on the back of the increasing raw material prices and high energy cost
The year 2022 is crucial for various end-user industries, including agriculture, pharmaceutical, food and beverage, and others, to get government support, as these industries play a vital part in fuelling India's overall GDP growth. Soaring shipping costs and high freight charges in the past year riddled with supply-chain disruptions have strained various commodities importers in India, which are likely to stretch into 2023. The container shipping industry is undergoing various supply-chain disruptions due to surging sea freight costs causing devastation on trade Congestion at major regional transshipment ports. As per ChemAnalyst , the prices of Sodium Bicarbonate are consistently increasing due to the surging raw material prices and high sea freight charges. The short supply of electric power and coal is resulting in increased energy costs, which is further propelling the price of Sodium Bicarbonate in India. Sodium Bicarbonate prices shot up from USD 432.2 per tonne to USD 46...