COVID-19 lockdowns in Asia deepen commodity supply chain pain


Source: bollyinside.com bollyinside.com

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Restrictions in Malaysia, the world’s second-largest producer of palm oil, have prevented migrant laborers from traveling to plantations, raising prices of the ubiquitous edible oil used to make candy bars, shampoo and biofuel. The recent surge in COVID-19 cases in Southeast Asia has throttled ports and locked down plantations and processors, sparking extended disruptions of raw materials such as palm oil, coffee and tin. Prices for each of these commodities have risen to multiyear highs in recent months, adding costs that are being passed on to consumers. Lockdowns in Vietnam, the world’s No. 2 coffee exporter by volume, have delayed...