World·1h ago
Top Cooking Oil Buyer India Slashes Imports as War Hits Demand
With about 40% of the country’s vegetable oil soaked up by hotels, restaurants and caterers, the slowdown in these businesses has caused consumption to fall sharply, especially across urban and mid-sized towns, according to Aashish Acharya, vice president at Patanjali Foods Ltd., one of the country’s top importers. India’s vegetable oil demand is expected to drop by around 250,000 tons to 300,000 tons each month, and will shrink further if the war prolongs and LPG supply for commercial use remains restricted, he said. India’s vegetable oil imports were estimated to have eased to about 1.2.
Financial Post
World·1h ago
EU Weighs Ukraine Crisis Strategy to Calm High Energy Prices
The European Union will consider reopening a set of energy measures used after Russia’s 2022 invasion of Ukraine as the bloc seeks to contain a fresh price shock tied to the war in Iran.
Financial Post
World·4h ago
Asia Manufacturing Holds Up But Cracks Show as War Lifts Prices
The conflict appeared to weigh on activity in Vietnam, Indonesia and semiconductor hub Taiwan, where readings eased from February while remaining above the 50 threshold that separates expansion from contraction, S&P Global data published Wednesday showed. (Bloomberg) — Manufacturing across much of Asia expanded in March, with activity improving in South Korea, Malaysia and Thailand, even as other economies saw the impact of energy supply disruptions from the US-Israeli war on Iran that have pushed oil prices higher.
Financial Post
