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| Trade Policy & Macro

Indonesia opens Saudi Hajj supply chain with 3,300-ton rice shipment

Indonesia's Ministry of Hajj and Umrah is pushing Indonesian goods into the supply chain that serves Indonesian pilgrims in Saudi Arabia, starting with a shipment of 3,300 tons of rice, Mozaik Inilah.com reported. The ministry frames the consignment as the opening of a procurement channel rather than a single sale. Commercial terms, the Saudi buyer and the delivery schedule have not been disclosed.

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Yusuf Demir
Senior Trade Policy Analyst
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| Food & Beverages

Russia clears 20,675 tonnes of Bosnian apples and pears from the 2026 harvest

Bosnia and Herzegovina has received Russian approval to export 14,270 tonnes of apples and 6,405 tonnes of pears from the 2026 harvest. A year earlier the cleared volume was 4,000 tonnes of apples and 1,000 tonnes of pears. The two countries will also work on a memorandum on phytosanitary requirements.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

Mexico imports 43% of the pork it consumes; producers target substitution

Mexico buys 43% of the pork it consumes abroad, and the Confederación de Porcicultores Mexicanos says the domestic sector now has the technical base to replace part of that volume, according to Imagen de Veracruz. The confederation points to the internal market rather than to trade restrictions. No target share, timeline or investment figure was reported.

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Isabella Romano
Lead Food & Beverage Analyst
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| Energy & Fuels

BSR signs framework crude purchase agreement with ExxonMobil Asia Pacific for Dung Quat refinery

Vietnam Refining and Petrochemical Corporation (BSR) handed over a framework crude oil purchase agreement with ExxonMobil Asia Pacific in New York on 23 September 2026, adding an international supply channel for the Dung Quat refinery. The plant can now process 40 crude grades, 12 domestic and 28 imported. BSR is holding imported crude at about 15% of intake in 2026, down from around 31% in 2025.

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Priya Raghavan
Energy Markets Analyst
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| Agriculture: Crops & Grains

Nigeria convenes rice value chain consultation as production costs hit 2.3 million naira per hectare

Nigeria's Federal Government brought federal and state institutions, farmers, millers and processors together in Abuja for a technical consultation on the rice value chain. Stakeholders put rice production costs at about 2.2 to 2.3 million naira per hectare, with fertiliser accounting for roughly 35 percent. The session will feed into a consolidated technical report covering the food balance, financing and priority actions.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

Black and pinto beans in short supply as global dry bean production falls

Black and pinto beans will be in short supply this season after dry bean production was reduced in several growing regions, including Canada, according to The Western Producer. Because both classes are difficult to substitute in canning and prepared foods, the adjustment is likely to run through price and contract terms. No figure has yet been published for the size of the decline.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

India's Pulse Exports Jump 45% to $452 Million on GI-Tagged Demand

India's pulse exports rose 45% to $452.27 million in April-July FY2026, driven by demand from China, the UAE and Bangladesh for premium GI-tagged varieties. Despite the surge, India remains a net importer, buying around 6 million tonnes annually.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

US soybeans and corn end session mixed but close the week higher on trade truce extension

Soybean and corn futures finished the last session of the week mixed, yet both closed the week in positive territory. Brownfield Ag News linked the weekly gains to the extension of the trade truce between the United States and China, noting that the meeting with China produced very little other immediate news for commodities.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Energy & Fuels

Indonesia's B50 mandate draws farmer and parliament calls to secure CPO supply

Indonesian palm oil smallholders and a member of parliament are pressing Jakarta to guarantee crude palm oil supply as the B50 biodiesel mandate lifts domestic feedstock demand to about 18.7 million tonnes in 2026. Farmer union SPKS wants periodic reviews of B50, flexible blending and mandatory partnerships with grower cooperatives, plus a review of the 12.5% export levy.

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Priya Raghavan
Energy Markets Analyst
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| Agriculture: Crops & Grains

Indonesia's Bulog absorbs 4 million tons of rice equivalent, meeting its 2026 procurement target early

Perum Bulog has absorbed 4 million tons of rice equivalent in domestically produced paddy and rice, matching the government's full-year 2026 procurement target with about three months of the year left. President Director Ahmad Rizal Ramdhani said buying will continue on presidential instruction even though the task set under Presidential Instruction No. 4 of 2026 has been fulfilled in full.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

Brazilian soybean cash market holds steady as Chicago slips on Trump–Xi meeting with no new purchases

Soybean futures in Chicago ended the week without direction after the Trump–Xi meeting produced a truce extension but no new Chinese buying commitments. Brazilian cash prices held firm on a dollar near R$5.20, with ports testing R$160 to R$170 per 60-kg bag. Consultants warned that an inverted curve, with futures R$5 to R$10 below spot, penalises growers who store beans into next year.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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