Oil prices edged higher on Monday, fueled by escalating tensions in the Middle East. Increased Israeli attacks on Iranian-backed forces raised concerns about potential supply disruptions from the region, particularly from Iran, a major oil producer. While demand worries persist, the possibility of a wider conflict involving Iran is supporting prices.
To provide relief from the soaring tomato prices in Delhi-NCR, the National Cooperative Consumers’ Federation of India (NCCF) will retail tomatoes at subsidized rates starting July 29th. This initiative aims to stabilize the market and provide cost relief to consumers impacted by supply disruptions caused by recent rains in producing centers.
India’s beloved mango crop has been severely impacted by extreme weather events, leading to concerns about supply disruptions and skyrocketing prices in domestic markets. Excessive heatwaves and unseasonal rains have affected mango tree flowering, resulting in smaller fruit size and reduced yields. Despite the challenges, trade analysts believe that India’s mango exports will remain unaffected due to international demand and higher prices. The country remains the world’s largest mango producer, cultivating a diverse range of varieties across millions of hectares.
Novo Nordisk’s decision to discontinue Levemir insulin has sparked concerns among Democratic senators. Despite initial praise for Novo’s acquisition of up to 75% of the insulin market, the discontinuation has led to supply disruptions and insurance cutoffs, leaving patients with limited options.
