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Commodity and industrial market news — prices, production, trade and regulation — with expert analysis

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| Agriculture: Crops & Grains

Global oilseed output growth forecast at five-year low despite acreage expansion

Oil World forecasts production of 10 major oilseeds at 705.9 million tonnes in 2026/27, up 14.1 million tonnes but marking the smallest increase in five years. Lower average yields and higher input costs are limiting the benefit of a 9.6 million-hectare expansion in planted area.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Energy & Fuels

South Korea to replace renewable certificates with long-term power contracts

South Korea will phase out its renewable portfolio standard and shift new solar and wind projects to competitive tenders from 2027. Winning projects will sell electricity to Korea Electric Power Corporation under long-term fixed-price contracts, while the existing REC market will remain temporarily in place.

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Priya Raghavan
Energy Markets Analyst
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| Agriculture: Crops & Grains

Egyptian sweet potato exporters agree EGP 7 per kg minimum grower price

Major sweet potato producers, exporters and farmers in Damietta and Kafr El-Sheikh agreed on a minimum purchase price of EGP 7 per kilogram for the current and next seasons. The initiative also seeks to align cultivation practices with European and international market requirements.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Trade Policy & Macro

Dominican Republic Resists US Push to Fully Open Rice Market

The Dominican Republic says it has not imported rice since January 2026, holding roughly 7.2 million quintales in stock. The United States is pressing Santo Domingo to repeal Decree 693-24, which caps duty-free US rice access at 23,300 tonnes under DR-CAFTA, prompting warnings from local producers.

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Eleanor Hayes
Lead Trade Policy Analyst
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| Energy & Fuels

BP and Iberdrola Begin Testing 25 MW Green Hydrogen Plant at Castellon Refinery

BP has moved a green hydrogen project at its Castellon refinery in eastern Spain into the testing phase, with an installed capacity of 25 megawatts. The scheme is being developed together with the Spanish utility Iberdrola, according to the Valencian daily Levante-EMV. The plant is intended to substitute part of the conventional hydrogen the refinery uses in its processing units.

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Daniel Brooks
Lead Energy Markets Analyst
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| Agriculture: Crops & Grains

Ghana raises cocoa farmgate price, widening gap with Côte d’Ivoire

Ghana will pay cocoa farmers 42,400 cedis per tonne in the 2026–2027 season, 2.4% more than the rate introduced in February. The widening gap with Côte d’Ivoire could encourage cross-border smuggling and disrupt supplies from the two countries that produce more than half of the world’s cocoa.

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Martin Keller
Senior Agricultural Commodities Analyst
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