Parle Industries shares surged 5% to Rs 5.25 on Tuesday, hitting the upper circuit limit. The rally was driven by speculative activity linked to the viral "Melody" exchange between PM Modi and Italian PM Meloni, despite Parle Industries being unrelated to the Melody candy brand, which is produced by the unlisted Parle Products.
Oil prices fall on ceasefire extension but stay near $100 a barrel as strait of Hormuz remains closedFood price inflation has also picked up again, to an annual rate of 3.7% last month, up from 3.3% in February.Chocolate and confectionery, meat, fish, and soft drinks became dearer, while bread and cereals, and dairy products pulled the inflation rate lower. Continue reading...
Russia's confectionery exports grew 17% year-on-year in Q1 2026 to approximately $375 million, up from $320 million in the same period last year, according to federal center Agroexport. Flour-based confectionery accounts for 49% of exports, chocolate products for 38%, and sugar confectionery for 13%. Kazakhstan led imports with 36% growth, followed by Belarus (+43%), Uzbekistan (+21%), Azerbaijan (-4%), and Kyrgyzstan (+31%).
