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Oil prices edge up After steep slump

Oil prices edged up Thursday amid bargain-hunting after the prior day’s sell-off on concerns about the US “fiscal cliff” and the European public debt crisis.

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Oil prices edged up Thursday amid bargain-hunting after the prior day’s sell-off on concerns about the US “fiscal cliff” and the European public debt crisis.

New York’s main contract, West Texas Intermediate crude for December, rose 65 cents from Wednesday to settle at $85.09 a barrel. Brent North Sea crude for delivery in December gained 43 cents to $107.25 a barrel in London trade.

via After steep slump, oil prices eke out tiny gains.

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Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

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Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

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commodities

Covid-19 and food security: can emerging economies mitigate rising prices?

The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.

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Covid-19 and food security: can emerging economies mitigate rising prices?

An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.

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