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Fitch predicts weakened Malaysia crude palm oil prices by Q2 due to higher global vegetable oil supply, with benchmark price assumption at US$700/tonne for 2024, 2025; upside risks include bad weather conditions, biodiesel blending increase in Indonesia

Bloomberg: Cocoa is more expensive than copper on commodities market, as prices top US$9,000/ton for first time in futures market; chocolate may be even costlier in Easter 2025 if cocoa-tree diseases, bad weather prolong deficit amid high sugar prices

Heavy rains likely caused by El Nino flood Peru's Ene River, with waters reaching around two ft. high, spreading across 12,355 acres of land; around 300 Indigenous families have had sustainable agroforestry projects for cacao, coffee and timber destroyed

Tasmania's tall eucalypt forests are crucial for sequestering carbon, outpacing all other natural forest ecosystems; with increasing heatwaves, they risk becoming carbon sources, leading to tree mortality, impacting timber production and carbon storage

US personnel work to extinguish six wildfires known as the North Zone Complex, which has burned over 12,000 acres around the Shenandoah Valley in Virginia; Waites Run, the largest of the fires, has burned 3,760 acres along remote forests

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