LPG Jitters: Induction Stoves, Ready-to-Cook Meals See Demand Surge Amid Iran War

• LPG supply concerns, fueled by the Iran war impacting fuel shipments, are driving a surge in demand for induction cooktops and ready-to-cook products.
• India imports 90% of its LPG via the conflict-hit region, leading to market scarcity and consumer worry, as per industry executives.
• Croma, Amazon, Flipkart, Blinkit, Instamart, and Zepto report a dramatic spike in sales of electric cooking appliances and RTC/RTE foods.
• Zoff Foods anticipates 50-100% growth in ready-to-cook demand, while HyFun Foods and Freshcon India note varied or no substantial rise in their categories.
• Two LPG vessels, Shivalik and Nanda Devi, have been cleared through the Strait of Hormuz, with Shivalik expected at Mundra Port with 46,000 metric tons of fuel.