2021-08-24 20:42:51
(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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