Mondelez International Inc

Mondelez's rivals including Nestle, the world's biggest food company, continue to sell their products in Russia. Food does not fall under international sanctions

Mondelez has been accused of hindering the cross-border trade of chocolate, biscuits, and coffee products within the European Union

Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last 10 years

Mondelez Inc beat Wall Street estimates for quarterly revenue, as higher prices and sustained demand for the chocolates and snacks helped it overcome a hit to business from supply chain hurdles.

Oreo cookie maker Mondelez International Inc will close its plants in Ukraine if the country's tensions with Russia escalate and become "too dangerous," Chief Executive Officer told Reuters.

Mondelez India Foods' total income also went up 10.44 per cent to Rs 8,038.10 crore in the fiscal ended March 2021

The company has also sought out local and hyperlocal brands, in a bid to tap into growing consumer affinity towards such labels

Mondelez's move comes after rival Hershey Co last week said it would raise prices to ease pressures on margins