The complainant alleged unfair business practices by confectionery giant Mondelez India Foods with regard to termination of a distribution agreement.
The acquisition of Smet will provide Cargill the significant opportunities to accelerate growth in the gourmet category.
Mars is ramping up its distribution network in the country to tap the high growth potential.
M&M's are being imported but the company would consider local manufacturing in the medium term, the statement adds.
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Cocoa prices have tumbled because of bumper crop in West Africa and partly due to the fall in pound after Brexit.
It argues that the four-finger snack has been used in Britain for more than 80 years, is well-known to consumers and that its shape deserves to be…
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