Shanghai panic buying; Rapeseed oil auctions

Shanghai residents rush to stock up on groceries amid lockdown fears Covid cases have continued to mount as China’s largest city Shanghai reported 981 new cases on Tuesday. This marked a new high and the sixth consecutive day on increases despite the targeted lockdowns and restrictions. On Tuesday evening, rumors began circulating that the central government was sending a high-level inspection team to Shanghai due to the rising case numbers. While this rumor was denied, residents were worried a...

 

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