Market News

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

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| Food & Beverages

FSSAI crackdown revives dispute over rum and whisky labels in India

India’s food-safety regulator has prohibited several well-known rum and whisky labels after tests found neutral alcohol and added flavouring. The action renews scrutiny of molasses-based spirits, ageing claims and the definitions applied to Indian-made foreign liquor.

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David Okafor
Food & Beverage Analyst
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| Agriculture: Crops & Grains

Russian strikes on Danube ports disrupt Ukrainian grain exports

A Russian strike on Izmail has increased pressure on a major alternative route for Ukrainian grain exports. Ukraine’s grain shipments fell 76% in the first two weeks of August, while disruption around both Ukrainian and Russian ports is raising costs and supply concerns.

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

Drought, heat and pests cut Piedmont IGP hazelnut output

Piedmont IGP hazelnut production fell from 3.834 million kilograms in 2020 to 1.543 million kilograms in 2024 as drought, heat and biological threats damaged orchards. Lower domestic supply is raising prices and increasing Italy’s reliance on imported nuts.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Trade Policy & Macro

India Sets First Reserve Price for Broken Rice Under OMSS-D

India has set a reserve price of ₹2,100 per quintal for broken rice sold under the Open Market Sale Scheme-Domestic. The price applies to the July-September quarter and establishes a government benchmark for domestic buyers.

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Yusuf Demir
Senior Trade Policy Analyst
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| Energy & Fuels

India’s Ethanol Program Redirects Sugar Surplus and Reshapes Mill Finances

India’s ethanol blending program is redirecting excess sugarcane from sugar production and changing the financial dynamics of the country’s mills. The shift has implications for domestic sugar availability, export capacity and fuel demand, although the available material provides no production, blending or financial figures.

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Priya Raghavan
Energy Markets Analyst
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| Trade Policy & Macro

Madagascar Temporarily Suspends 20% Duty on Premium Rice Imports

Madagascar has temporarily removed the 20% customs duty on imported premium rice because local production is not yet sufficient to meet market needs. The measure should reduce import costs and support availability, while increasing competitive pressure on domestic rice producers.

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Yusuf Demir
Senior Trade Policy Analyst
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