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Coronavirus pandemic may hit banana supplies in Asia next

Bloomberg Get your potassium while you can. The coronavirus pandemic may limit supplies of bananas in Asia. Growers in the Philippines, the world’s second-biggest exporter, said overseas shipments may drop by nearly 40% this year as lockdowns and social distancing measures curb output and transport. The country’s exports of the fruit are expected to plunge to about 2.5 million tons ...

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Thai PM tells people to sell gold gradually

Bloomberg Thailand’s gold shops are running out of cash because so many people want to sell ornaments, jewelry and bars amid an economic slowdown. “I’m asking people to sell gradually, not in large amounts, as shops may face a cash crunch,” Prime Minister Prayuth Chan-Ocha said in a briefing on Wednesday in Bangkok. The yellow metal remains a popular way ...

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India’s monsoon expected to be normal

Bloomberg India’s southwest monsoon, which waters more than half of the country’s farmland and is crucial for economic growth, is expected to be normal this year, the weather office said. Annual rainfall during the June-September rainy season is likely to be 100% of the long-term average, Madhavan Nair Rajeevan, secretary of the Ministry of Earth Sciences, said.

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