India weeks

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data. Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said markets will closely monitor the Malaysian Palm Oil Board's (MPOB) data, which is due on Monday. In addition, investors are also awaiting April 1-10 projections by cargo surveyors, which are likely to be released next week. "Focus will be on March production. However, prices are likely to be firmer but volatile," he told Bernama, today. Earlier this week, Sathia said global demand and export for palm oil products will see strong recovery from April to June 2021, mainly from India and China, which are severely understocked at the moment. He said China's stocks have been in deficit for many months with the latest data showing stocks being in deficit by 27 per cent. Meanwhile, palm oil trader David Ng expects CPO prices ... » Learn More about CPO futures to see volatile trading next week, eyes on MPOB data

NEW DELHI (Reuters) - India on Sunday banned the export of anti-viral drug Remdesivir and its active pharmaceutical ingredients as demand rocketed due to a record surge in COVID-19 infections, leading to a crippling shortages in many parts. Authorities have blamed the ferocious resurgence of the virus mainly on crowding and a reluctance to wear masks. Still, religious gatherings have continued and Prime Minister Narendra Modi and Home Minister Amit Shah have themselves addressed election campaigns attended by tens of thousands of people, many without masks and hardly any following social distancing. As new COVID-19 cases surged to 152,879 on Sunday, the sixth record rise in seven days, harried relatives of patients made a kilometre-long queue to buy Remdesivir outside a big hospital in the western state of Gujarat, witnesses said. India, known as the pharmacy of the world, has already stalled major exports of coronavirus vaccines though its supply too has run short in some ... » Learn More about India bans Remdesivir exports as coronavirus rages on; rallies continue

China has administered 164.47 million doses of COVID-19 vaccines as of Saturday, the National Health Commission said on Sunday. This represents around 24.5 million doses in the past six days, as the country's vaccine rollout continues to accelerate. Last week a Chinese official said the country is expected to produce around 3 billion doses of COVID-19 vaccines by the end of the year. Chinese health authorities on Sunday reported 10 new confirmed cases of COVID-19 and 22 asymptomatic cases, bringing the country's total to 90,410, while the death toll remained unchanged at 4,636. The National Health Commission, in a statement, said all the new cases were imported infections originating from overseas. The number of new asymptomatic cases, which China does not classify as confirmed cases, rose to 22 from 11 cases a day earlier. The total number of confirmed COVID-19 cases in Mainland China now stands at 90,410, while the death toll remained unchanged at 4,636. Meanwhile, in ... » Learn More about China administers 164.47 million COVID-19 vaccinations as of April 10

Debate is raging on social media following a claim from the Minister of Higher Education, Science, Research and Innovation, that Thailand’s plan to orbit the Moon is going ahead. Anek Laothamatas adds that it will be “mission accomplished” within the next 7 years, costing, “only 3 billion baht”. A report in the Bangkok Post says that, according to Anek, Thailand will be producing satellites weighing 50–100 kilograms within 5 years, and in the following 3 years, will start building spaceships capable of going beyond the Earth’s orbit. He says we can all look forward to an official announcement on January 13. “The new economy of space travel will be a way for Thailand to overcome the economic effects of the Covid-19 pandemic and then to escape the middle-income trap, and the ministry will embrace creativity and innovation.” Anek’s announcement has sparked debate on social media, with some saying the poverty and other social issues facing their fellow countrymen should take ... » Learn More about Minister’s insistence Thailand’s moon mission will go ahead sparks social media debate

Chief executive officer Datuk Dr Wan Zawawi Wan Ismail said the price forecast was based on uncertainties pertaining to the COVID-19 pandemic recovery, political situation and stimulus packages. "We forecast the average CPO price to be at RM3,846 per tonne for the first quarter and second quarter of 2021, ranging from a low of RM3,502 per tonne to a high of RM4,190 per tonne,” he said at the virtual Palm Oil Internet Seminar (POINTERS) 2021 today. He said palm oil exports are also expected to increase marginally from 17.39 million MT in 2020 to 17.5 million MT in 2021. "China, India, the European Union, ASEAN, Saudi Arabia, Africa, and the United States will be the major export destinations for Malaysia,” he pointed out. In March 2021, Wan Zawawi said the delivery price for CPO already exceeded RM4,100 per tonne despite the reinstatement of CPO export duties and the prices are expected to remain firm as concerns of supply limitations due to heavy rains in January and February ... » Learn More about MPOC: Moderate recovery seen for Malaysia’s palm oil exports in 2021

In the northern hemisphere anyway, winter is on the way, a dangerous time for authorities trying to mitigate the sudden surge of new cases and deaths from Covid-19 in parts of Europe, the UK and the US. With a vaccine timeline still ‘flexible’, the only cushioning to a further spread of the pandemic is more social distancing, face-masks, attention to hygiene. And lockdowns. Whilst there is no evidence that the ambient temperature has much effect on the direct spread or strength of the coronavirus, medical officials say the colder weather brings people indoors where there is more direct interaction of people, accelerating the spread of Covid-19. Th virus continues to rage in South America as well, though it’s heading into its summer instead. In the US, still without a declared winner in the presidential elections, Joe Biden has spent his early days as President-elect pleading with Americans to pay greater attention to the relentless North American surge of Covid-19. President ... » Learn More about In the middle of the Covid pandemic “now is the winter of our discontent”

India saw record increases of new cases, with more than 100,000 daily on at least four days last week. EPA-EFE via The Straits Times/Asia News Network SINGAPORE — After a period of success in containing Covid-19 infections, some countries in Asia are once again beating back an emergence of Covid-19 that has infected over 130 million people worldwide and killed nearly 3 million. While mass vaccination drives have started for most countries worldwide, Asian nations such as India and the Philippines have found themselves back in lockdown and imposing even stricter measures, as they face an increasing number of new infections daily. India, which is grappling with its second wave of infections, saw record increases of new cases, with more than 100,000 daily on at least five days last week. Total deaths also rose to over 168,000 in the world’s second-most populated nation that has more than 13 million infected. Some districts in India’s hardest-hit state Maharashtra, home to ... » Learn More about Asian nations face new infection waves as COVID-19 variants wreck attempts to stem virus