(Aug 24): Faltering monsoon rains in India are posing a risk t | 12Invest 投资理财分享站

(Aug 24): Faltering monsoon rains in India are posing a risk to domestic soybean and peanut crops, with the world’s biggest palm oil importer seen boosting its purchases from top growers Indonesia and Malaysia.

The world’s second-most populous nation, where eating fried food is a national tradition, depends on overseas suppliers for as much as 70% of its edible oil needs. Concerns are growing that deficient monsoon rains this year could hurt crops, raise food prices, threaten a nascent economic recovery and boost imports of farm goods.

https://www.klsescreener.com/v2/news/view/872235/patchy-indian-monsoon-set-to-cheer-palm-traders-3-000-miles-away

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