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Palm oil giant says blow to China, India sales is ‘temporary’

Bloomberg The double-whammy to palm oil demand from a trade spat with India and the coronavirus in China is likely to prove only temporary, according to FGV Holdings Bhd, one of the world’s largest producers. That’s because supplies are low this quarter, and food and fuel demand is set to stay robust over the long term, according to Chief Executive ...

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China outbreak to spur higher prices as farm links disrupted

Bloomberg China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further gains in the coming months likely. Consumer prices rose 5.4%, with food prices jumping the most since 2008 in January. Even before the coronavirus, prices were likely to have ...

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Chinese carmakers are now making face masks

Bloomberg A shortage of face masks has prompted Chinese companies from car manufacturers to energy providers to start making their own to help fight the coronavirus. Auto companies including BYD Co have reconfigured production lines to churn out masks that can help block particles and germs, with petroleum giant Sinopec and iPhone assembler Foxconn joining the fray. Some are also ...

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