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| Agriculture: Crops & Grains

Vietnam holds over 80% of the US pepper market but average export prices keep falling

Vietnamese pepper accounts for more than 80% of US pepper imports, yet the average export price fell 4.2% to $6,503 per tonne in the year to 15 September 2026. A 12.5% US import tariff and a domestic crop estimated 12.8% lower are pressing margins, pushing processors to buy raw material from Cambodia and Brazil.

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

Coffee futures rebound from three-month low as US and China extend Busan trade truce

Coffee futures rebounded from a three-month low on 23 September, with London robusta for November 2026 up 57 dollars at 3,317 dollars per tonne and New York arabica for December up 3.6 cents at 275.90 cents per pound. Certified arabica stocks remain near a 27-year low at 254,480 bags. The same day, US Treasury Secretary Scott Bessent said Washington and Beijing would extend the Busan trade truce to 10 January.

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

Vietnam's 7.7 million tonne rice export target meets weather, supply and price headwinds

Vietnam shipped about 5.5 million tonnes of rice worth $2.64 billion in the first seven months of 2026, with volume up 0.5% but value down 6.7% year on year. Reaching the 2026 target of roughly 7.7 million tonnes depends on Philippine demand, which is exposed to El Niño, while India's $360-a-tonne offers and importers' self-sufficiency drives narrow the room to manoeuvre.

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

Sugar imports take larger share of South African market as local sales fall

South African cane growers say rising sugar imports are displacing domestic production despite the country producing enough to meet local demand. Duty-paid imports reached 124,594 tonnes in the first half of 2026, while local sales have fallen by about 188,000 tonnes over three seasons.

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

Gilan tea under pressure: output falls, grower payments unsettled, imports continue

Tasnim News Agency, reporting from Lahijan, describes a combined crisis in the tea sector of Iran's Gilan province: production has declined, money owed to growers remains unpaid, and imported tea keeps entering the market. The crop underpins the livelihoods of tens of thousands of rural households in northern Iran.

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

India cuts import duties on palm, soybean and sunflower oil; crude sunflower goes duty-free

India reduced the basic customs duty on crude and refined palm, soybean and sunflower oil with effect from 24 September 2026, removing the levy on crude sunflower oil entirely. Total duty on crude palm and crude soybean oil falls to 11% from 16.5%, and on crude sunflower oil to 5.5%. Refiners that had deferred purchases are expected to accelerate festival-season imports.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Textiles & Consumer Goods

Investigation links barbecue charcoal sold by B&Q and Waitrose to Chaco deforestation in Paraguay

An investigation into the charcoal trade has traced barbecue charcoal sold by major British retailers, including B&Q and Waitrose, to trees felled in Paraguay's Chaco to clear land for agriculture. The available material does not quantify volumes, name exporters or importers, or specify the period covered. The case puts chain-of-custody documentation for a low-value, hard-to-trace commodity under scrutiny.

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Charlotte Dubois
Senior Consumer Goods Analyst
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| Energy & Fuels

Spain opens permitting for first four segments of hydrogen trunk network, €389 million attached

Spain's Ministry for the Ecological Transition and the Demographic Challenge is preparing to start the authorisation process for the first four segments of the planned Renewable Hydrogen Trunk Network. The first tranche carries €389 million of investment. The move takes the network from planning documents into a formal permitting track.

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Daniel Brooks
Lead Energy Markets Analyst
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| Trade Policy & Macro

Indian rice exporters ask New Delhi to apply unit-level approval to farm imports

A section of India's rice export trade wants New Delhi to clear agricultural imports factory by factory rather than country by country. The demand follows tighter certification requirements imposed by China and Saudi Arabia on incoming farm goods. No commodity list or government response has been reported.

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Yusuf Demir
Senior Trade Policy Analyst
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| Agriculture: Crops & Grains

Malaysian palm oil futures fall for a fourth straight session as rival oils and crude weaken

Palm oil futures on the Bursa Malaysia Derivatives Exchange declined on Wednesday for the fourth consecutive session. The weakness was attributed mainly to falling prices for other edible oils, including soybean oil, and for crude oil. With no fresh domestic trigger reported, the direction of the market remains in the hands of the wider oils complex.

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

Ukraine exhausts EU duty-free quota for apple concentrate; Moldova route in focus

Ukraine has fully used its 30,000-tonne annual duty-free quota for apple juice concentrate exports to the EU, according to sad24.pl, which cites European Commission data showing a zero balance. Shipments for the rest of the year face the base EU duty of 18% or more, erasing a EUR 200-300 per tonne discount to Polish material. Duty-free, quota-free access for Moldova opens an obvious rerouting option.

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Martin Keller
Senior Agricultural Commodities Analyst
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