One of South Africa’s largest fruit canneries is closing amid weaker global demand, pricing pressure and rising input costs. BusinessTech reports that US tariffs imposed last year also contributed to the shutdown of the R1 billion factory.
France accounts for almost half of the grain losses estimated across the EU and the United Kingdom after a four-week heatwave. Its forecast was reduced by 4.1 million tonnes, led by a 3.4 million-tonne cut to corn, potentially tightening European supply and increasing import demand.
South Korean cosmetics exports reached a record $11.4 billion in 2025, led by skincare products and broader geographic distribution. Rapid US sales growth, rising European imports and new physical retail partnerships are moving K-beauty beyond its online-led origins.
Romania is preparing a financing mechanism that would allow its state reserves agency to buy 49.9 TWh of offshore gas offered by OMV Petrom over seven years. The purchase would require about €2.43 billion before VAT and excise duties, as Hungary’s MVM also shows interest in the resources.
Dunapack Packaging Hellas has agreed to acquire El Pack’s corrugated packaging operations in Patras, Thebes and Kapandriti. The plants generated about €43 million in revenue in 2025 and employ approximately 250 people, with completion expected in the second half of 2026 subject to regulatory approval.
British grid-scale energy storage developer Alcemi is entering Romania with plans for two battery energy storage system projects. Profit.ro reports a combined capacity of 575 MW/2, although the available source material does not specify the associated energy duration or development timetable.
Brent crude dropped about 5% as traders evaluated whether continuing attacks in the Middle East would disrupt global crude supplies. The decline suggests the market is reassessing the immediate risk to physical availability rather than assuming that attacks will automatically cause a shortage.
Morocco has suspended customs duties on imports of live domestic sheep and of beef, sheep, goat and camel meat. The measure took effect on 27 July and runs until 31 December 2026. Importers are already signing deals to bring live animals in from Spain.
Myanmar’s domestic corn market has cooled after Thailand-based CP Group suspended purchases for the whole of July. The interruption affects a trade corridor through which Myanmar plans to ship as much as 1.3 million tonnes of corn to Thailand this year.
CVC has reportedly spent about a year seeking a buyer for Greek dairy company Delta, but its valuation remains the main obstacle. Onlarissa.gr reports that CVC is asking close to €300 million, while Hellenic Dairies’ ceiling is said to be €200 million.
INA and Petrol have introduced limits on the amount of fuel customers can buy at filling stations in Croatia. INA said it was closely monitoring developments on international markets, but the available report did not specify the limits, their geographic coverage or their expected duration.
Lithuanian district heating suppliers warn that bills could rise by 25% or more in the coming heating season. Biofuel products are already about 40% more expensive than last summer, while European gas prices have nearly doubled from a year ago amid low storage levels and tensions around the Strait of Hormuz.
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