I’m not sure if others have the same opinion, I have noticed that inflation has increased the cost of many things – medicines, infant milk powder but the price of rice (daily consumption not basmati) hasn’t increased a bit for me in the last 3 years. I’m from TN and rice is our staple diet. The daily rice which we are particular about costs only 58/kg from the last 3 years. I remember the same rice was costing 40/kg some 15 years ago. The price appreciation of this rice is pretty low in CAGR terms. This off late irks me to think if krbl or any rice selling companies have any pricing power? Their expenses may be going up due to inflation but are their realisation per quantity really increased or is it just the volumes increased due to more people becoming middle class from lower income class.
Disc:
Invested in krbl.
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