The list of big deals has grown by the day.
For instance, a store in Bangalore recently announced a 20 per cent discount on the purchase of foodstuffs from the likes of Dabur, Amarendra, and Bhopal, which are owned by the big names.
In a country where the consumer has become accustomed to the price of basic foodstamp items, such as biscuits and sugar, the move could spark an increase in the price tag.
Also, some of the foodstamps are sold in the market in bulk.
While this is fine and dandy, some supermarket chains are charging more for such items than others.
The list of major deals in the country is extensive.
According to an analysis by Mint, retailers like Tesco, Safeway, and Big Lots are all facing pressure to boost their sales in the run-up to the Budget 2017-18.
They are looking to offer discounts in their foodstamper deals.
In the case of the Safeway grocery store in Delhi, the price on biscuits is now lower than the cost of the basic food stamps.
It has been reported that the supermarket is looking to make up for the difference by selling biscuits in bulk at a discounted price.
The same can be said of other big supermarkets, like Alipore, which have been raising prices on foodstaples and biscuits to offset the loss in their prices due to the new GST regime.
A supermarket in Mumbai recently said that the price for biscuits had gone up by 25 per cent on average, while the price per loaf has gone up from Rs. 15 to Rs. 19.
The big foodstamine companies have been looking to capitalize on the situation.
A number of them are already operating in the supermarket sector, which means they are offering discounts on items that are usually sold for more than the price that the consumer pays.
Some retailers are even selling foodstaminates in bulk in order to offset their price hike.
“A lot of big food stores are offering a 10 per cent price cut on biscuits and biscuits, so that consumers can save more,” said a senior executive at a large supermarket chain in Delhi.
“The biggest problem for them is the GST,” he added.
The GST is expected to raise the cost on basic food staples like biscuits and flour by as much as 50 per cent.
One of the big challenges for the retailers, according to a senior food chain executive, is that they have been selling food at lower prices for so long, that they are already suffering losses.
The loss is due to a large number of people who are not saving, the executive said.
While many retailers are facing pressure, others are trying to stay afloat.
“We are in the business of selling food and it is not a business where one can go out and buy anything,” said Sushil, a senior VP at a grocery chain in a city in southern India.
This is not the first time that the food sector in India has faced an influx of goods that have not been produced on a commercial scale.
In 2015, as many as 4,000 tons of bananas were seized by the authorities in a protest by the agitating farmers in Karnataka.
The bananas were destined for the world market, but were only exported to the Indian market.