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| Agriculture: Crops & Grains

Russian grain exports forecast to fall by a factor of 1.6 in the first quarter of 2026/27

Grain exports from Russia are projected at 8.5 million tonnes in July-September, down 1.6 times year on year, with wheat shipments falling to 4.8 million tonnes from 10.6 million. With the main transshipment capacity in Novorossiysk idle, Iran has become the top buyer with a 17.2% share, while Turkey's share has fallen to 2%.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Food & Beverages

Austria's Organic Share of Fresh Food Hits Record 13% as Grocery Volumes Fall 4.6%

Organic products reached 13% of fresh food sales in Austria in the first half of 2026, an all-time high, according to RollAMA half-year data reported by ad-hoc-news.de. The record came in a contracting market: purchase volumes fell 4.6% and spending on agricultural products dropped 3.2% to 5.4 billion euros. Drought has cut the autumn harvest by 50-70%, with potato stocks potentially exhausted by February.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

India sugar ex-mill prices fall about 30%, mills press for MSP hike to Rs45/kg

Ex-mill sugar prices in India have dropped roughly 30% from their August peak to about Rs4,450 per quintal, while retail prices are down 11–12% to around Rs57.50 per kilogram. Mill associations ISMA and NFCSF have renewed their demand for the minimum sale price to be raised to Rs45 per kilogram, as NITI Aayog recommends an immediate increase to Rs40 from the current Rs31.

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

South African maize surplus eases feed costs as fuel and drought risks rise

South Africa’s record maize harvest and substantial carryover stocks are limiting near-term price pressure and offering relief to livestock and poultry producers. However, possible El Niño-driven drought, rising fuel costs and other inputs could prevent a comparable fall in finished-feed prices.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Trade Policy & Macro

Spain's cement consumption growth moderates to 4.7% after August contraction

Cement consumption in Spain rose 4.7% in the first eight months of 2026, a slower pace than earlier in the year, after falling 5.2% in August. The figures come from Oficemen, the Spanish cement manufacturers' association, and were reported from Madrid by Europa Press. The series is one of the earliest available reads on construction activity in the country.

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Eleanor Hayes
Lead Trade Policy Analyst
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| Chemicals & Fertilizers

Italy's recycled-plastics chain warns of collapse as cheap virgin resin floods the market

EcoAmbiente Salerno has warned that the crisis in Italy's recycled plastics sector threatens the entire packaging recovery chain and the municipal separate-collection system. Recycled material is accumulating in plant yards as low-cost virgin plastic from Asian markets undercuts it, with Campania, Lazio, Puglia, Marche, Emilia-Romagna and Sardinia most exposed. Operators are calling on national institutions for incentives to make secondary raw material competitive.

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Katrin Vogel
Lead Chemicals & Fertilizers Analyst
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| Food & Beverages

Polish Poultry Purchase Prices Set to Fall to 5.80 Zloty/kg by End-2026 as Supply Rebounds, Credit Agricole Says

Credit Agricole expects Polish poultry purchase prices to remain under downward pressure as output recovers in Poland and across the EU and the animal-health situation improves. The bank forecasts about 5.80 zloty per kilogram at the end of 2026 and 5.45 zloty at the end of 2027, against 6.53 zloty in July. Egg prices are stabilising after a summer slide but profitability has weakened year on year.

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

Kenya milk shortage drives prices up and forces rationing in supermarkets

Milk deliveries to Kenyan processors fell from 88.89 million litres in May to 81.3 million in July as late rains, thin pasture and costlier feed cut yields. Unpackaged fresh milk in Nairobi has risen from Ksh70 to Ksh90 a litre and some supermarkets are capping purchases. Agriculture Cabinet Secretary Mutahi Kagwe blames poor grazing conditions and brokers outbidding processors.

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Fatima Al-Rashid
Logistics & Freight Analyst
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| Energy & Fuels

France asks Brussels for temporary diesel and kerosene spec waivers to lift refinery output

President Emmanuel Macron has asked the European Commission to temporarily relax quality requirements for diesel and kerosene, in a letter dated 18 September 2026 seen by Reuters. French refiners estimate output could rise by five to twenty percent per plant, and Paris also wants wider use of B10 diesel in place of B7.

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Daniel Brooks
Lead Energy Markets Analyst
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| Energy & Fuels

Gadkari urges Indian sugar mills to move beyond sugar into ethanol and compressed biogas

Union Minister Nitin Gadkari told Indian sugar mills to build revenue around ethanol, compressed biogas and other by-products instead of depending on sugar alone, Dainik Jagran reported. He cited government data showing 1,908 registered CBG plants with only 132 active, and pointed to roughly 22 million tonnes of paddy straw burned annually in Punjab and Haryana as untapped feedstock.

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Priya Raghavan
Energy Markets Analyst
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