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

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| Food & Beverages

Spain to ban single-use plastic condiment sachets in hospitality from 2030

Spanish bars and restaurants will no longer be allowed to serve sugar, salt and sauces in single-use plastic sachets from January 1, 2030. Hospitality businesses can adopt refillable dispensers, reusable containers, paper sachets or certified compostable plastic, subject to hygiene requirements.

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Isabella Romano
Lead Food & Beverage Analyst
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| Textiles & Consumer Goods

Spain approves draft anti-tobacco law extending restrictions to vaping and outdoor spaces

Spain’s Council of Ministers has approved a draft reform that would extend tobacco controls to vaping devices, heated tobacco and nicotine pouches. The proposal also bans smoking and vaping on hospitality terraces and in numerous outdoor public spaces, but it still requires parliamentary approval.

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Charlotte Dubois
Senior Consumer Goods Analyst
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| Trade Policy & Macro

US Senate advances bill allowing 100% tariffs on buyers of Russian energy

The US Senate has advanced legislation that could impose tariffs of up to 100% on goods from major buyers of Russian energy. India, the second-largest buyer of Russian crude after China, faces potential exposure across pharmaceuticals, textiles, jewelry, machinery and chemicals.

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Eleanor Hayes
Lead Trade Policy Analyst
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| Food & Beverages

Galician milk prices frozen at Spain’s lowest level until end-November

Dairy processors have extended Galicia’s reduced farmgate milk prices through November after rejecting producers’ calls for an increase. Galicia Press reports that farms are losing up to €19 million a month compared with March revenue, despite the region supplying 42% of Spain’s milk.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

Japanese beer takes 46.9% of South Korea’s imported beer market

Japanese beer accounted for 46.9% of South Korea’s beer imports in the first half of the year. Its average price of $0.79 per kilogram, the lowest among imported beer, supported the advance despite the legacy of the Korean boycott of Japanese products.

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David Okafor
Food & Beverage Analyst
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| Food & Beverages

Pilgrim’s Pride Q2 operating profit falls 87% as chicken prices decline

Pilgrim’s Pride reported second-quarter revenue of $4.6 billion, while operating profit fell 87% and net profit dropped 96%. The decline followed a fall of more than 25% in prices for large chicken commodity products, although processed foods grew and margins improved from the previous quarter.

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Isabella Romano
Lead Food & Beverage Analyst
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| Agriculture: Crops & Grains

Canfor expects North American lumber demand and prices to soften later in Q3

Canfor expects North American lumber markets to remain firm early in the third quarter before housing affordability pressures and economic uncertainty weaken demand. The forecast follows a profitable second quarter for lumber, while weak pulp markets and elevated inventories deepened losses in the company’s pulp and paper segment.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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