In the foods business, companies have implemented grammage cuts for biscuits as an increase in the cost of wheat weighed. Brands like Marie Gold, Milk Bikis, Krack Jack saw price hikes in the last two months, while price for Parle-G increased by 20% in the last six months. Reputed FMCG firm Nestle has also increased the price of its Coffee but with a lag.
Any relief rally in markets likely limited and temporary: David Roche
Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation