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Oversupply of durians due to total lockdown

GEORGE TOWN: Between June and August each year, durian orchard owners in Balik Pulau near here would normally rake in huge profits thanks to the fans of the king of fruits who would travel far and wide to get their hands on the best durians an orchard owner could offer. However, following the implementation of […]

Cheap pineapples in Sibu due to glut

SIBU: There is a glut of pineapple in this town around this time every year. Due to oversupply, the price is extremely cheap. Farmers in nearby Sarikei-the pineapple town-will flock to Sibu to sell this tropical fruit. Even those from as far as Mukah and Matu-Daro would drive here. A Mukah resident, who wished to […]

Oil prices depressed, remain below $40

KUALA LUMPUR: Market participants are doubtful that a historic one-year oil production cut pledged by major producers recently would solve the oversupply problem. For the week just ended, the West Texas Intermediate crude for May delivery lost 8.1 per cent to settle at $18.27 per barrel on the New York Mercantile Exchange. In contrast, the global benchmark, Brent […]