Brazil, the largest producer of sugar and coffee in the world, is still experiencing one of the worst droughts in its history. Global prices for both commodities hit all-time highs on Thursday as investors continued to monitor the situation due to the ongoing dry conditions and no immediate relief indicated by weather forecasts.

The indigenous currencies of Myanmar and India, the kyat and rupee, were the topic of discussion on Saturday over how to advance bilateral trade. On the fringes of the 12th East Asia Summit Economic Ministers' Meeting in Vientiane, Laos, Minister of Commerce and Industry Piyush Goyal met with Minister of Investment and Foreign Economic Relations of Myanmar, Kan Zaw.

After India, the world's top rice exporter, approved the resumption of exports, the price of rice fell on Monday as a result of increased global supply, boosting the ability of low-income Asian and African consumers