The UK’s energy price cap is likely to increase to a record £2,800 in October, just as heating demand starts to pick up at the beginning of winter.
India is considering cutting an import levy on soybean and sunflower oils, another step in a series of measures the country has taken to cool surging local prices of food.
A $3 billion increase in funding from the International Islamic Trade Finance Corp. is helping Egypt deal with soaring wheat prices caused by Russia’s invasion of Ukraine, according to an Egyptian official.
The pound tumbled and investors rushed to the safety of government bonds after an index of UK private sector growth unexpectedly slid in May to reawaken fears of a recession.
Malaysia, the world’s second-biggest palm oil producer, has ruled out curtailing cooking oil exports as it has enough supplies to meet local demand and will instead focus on targeting subsidies to ensure it benefits the most needy consumers.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}