A government is reinstating a tax on imported rice to reduce dependence on foreign supply and support local producers. The available material does not identify the country, tax rate, implementation date or products covered beyond imported rice.
Poland is maintaining its embargo on Ukrainian rapeseed while domestic processors warn that declining harvests could leave them short of up to 1.3 million tonnes. The industry says imports of Ukrainian oil and meal, rising energy costs and pressure on retail oil prices are eroding crushing margins.
SCG’s Vietnam revenue reached VND37.12 trillion ($1.42 billion) in the first half of 2026, up 126% year on year after the Long Son Petrochemical Complex restarted. The group is also expanding glazed ceramic tile exports and investing VND622 billion in southern carton packaging capacity.
A REAP delegation secured orders for 60,000 tonnes of Pakistani rice during meetings with Chinese buyers in Guangzhou and Shenzhen. Moneycontrol valued the orders at about $400 million, while statements reported by ProPakistani and Daily Times disclosed the volume but did not provide a contract value.
Grupo Nutresa has signed an agreement to acquire 100% of Industrias Tío Rico, Venezuela’s leading ice cream producer, for about $30 million. The deal includes a plant in Guacara, five distribution centers and a portfolio controlling more than 55% of the Venezuelan market, but remains subject to closing conditions and regulatory approvals.
Burkina Faso has reopened exports of millet, maize and sorghum flour after suspending them in February 2022. The decision restores regional market access for millers while making domestic supply and prices the key risks to monitor.
Vietnam’s average rubber export price reached $2,130 per tonne in June, the highest level recorded in several years. Higher prices supported revenue, but weaker Chinese demand kept first-half export volume below its 2025 level.
Cocoa futures are down about 34% from a year ago, yet retail chocolate remains costly. Lindt, Barry Callebaut and Nestlé are protecting margins bruised by a two-year rally, while price hikes cut sales volumes and makers chase younger, premium buyers.
Experts warn that tightening rice and tomato supplies could cause scarcity and higher food prices in Nigeria within six months. They are calling for urgent government intervention to contain inflation and prevent shortages.
Wood pellet prices in Poland rose to 1,500-2,100 zł per tonne in July as strong demand collided with limited supplies of sawdust and wood chips. The Polish Pellet Council is proposing a personal income tax credit for households buying certified A1 pellets, while the Energy Ministry has asked the competition authority to examine the market.
The Peru-Guatemala free trade agreement took effect on July 1, immediately removing tariffs from 45 product categories of interest to Peru. Peruvian food exports to Guatemala reached a record $69.5 million in 2025, leaving substantial room for growth in a market with import potential exceeding $2 billion.
Moroccan rice growers and industry professionals are raising concerns over a sharp increase in imported rice, particularly supplies from Egypt. The additional competition is putting the domestic sector under pressure and prompting questions about the position of locally grown and processed rice.
We use cookies to enhance your browsing experience, serve personalized content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. You can manage your preferences or learn more in our
Privacy Policy.