China A-share CPO sector slid in choppy trade. Guanghua Technology hit the daily limit down; Alaide dropped more than 8%. Defu Technology, Pengding Technology, Mingpu Guangci, Nanya New Materials and Taichen Guang also fell.

KPLER estimates Asia's crude imports will rise to about 22.18 mln bpd in June from 20.35 mln bpd in May, still below the pre‑Feb. 28 attack three‑month average of 26.76 mln bpd. June volumes are well above April's eight‑year low of 18.77 mln bpd, when the Strait of Hormuz was effectively shut. KPLER said refined‑product supply remains constrained and that restoration of roughly 20% of pre‑conflict global flows through the Strait could bring additional oil to Asia in July, a tightening likely to be reflected in prices.

On June 22 the UN Food and Agriculture Organization (FAO) released a global high‑risk agricultural map, warning a new El Nifio could form within weeks and pose a severe threat to crop and pasture production. Using 41 years of satellite imagery, FAO identified the Sahel, southern Africa, South Asia, Southeast Asia, Central America’s dry corridor and the Caribbean as highest‑risk areas, with some cropland and rangeland facing >50% odds of drought in the coming months. FAO said higher baseline global temperatures and widespread conflict and food insecurity will amplify impacts on vulnerable regions.