Indian government official says prices of agro commodities are broadly stable and closely monitored; states are being asked to use fertilisers judiciously
The statement from the Indian government regarding the stability of agro commodity prices indicates that there is currently no significant inflationary pressure from this sector, which may allay concerns for both consumers and producers.
BYD (1211 HK) says March vehicle sales were 300,222 units; March overseas vehicle sales +65.2% Y/Y
Japanese PM Takaichi says Japan will work with France to strengthen supply chains, including rare earths; an agreement was reached to strengthen defence ties with France
Indian government official says prices of agro commodities are broadly stable and closely monitored; states are being asked to use fertilisers judiciously
IEA Chief Birol says more than 12mln BPD of oil supply has been lost so far due to the Middle East crisis; the current crisis is worse than the 1970s oil shocks and the loss of Russian gas in 2022 combined
The first LNG deliveries from Oman to Germany have started despite the Iranian war, German Magazine Capital reports
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The mention of judicious use of fertilizers suggests that the government is proactively managing supply and costs, potentially to prevent future volatility in agricultural outputs. This could have implications for commodity markets, particularly if implemented measures prove effective in maintaining stability.
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