Market News

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

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| Trade Policy & Macro

Ecuador and Canada Sign Free Trade Agreement Covering 99.6% of Ecuadorian Exports

Ecuador and Canada signed a free trade agreement in Ottawa on Friday that will let 99.6% of Ecuador's exportable goods enter the Canadian market tariff-free once it takes effect. More than 600 products, including bananas, cacao and shrimp, gain duty-free access, while 227 sensitive agricultural lines keep protection.

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Eleanor Hayes
Lead Trade Policy Analyst
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| Agriculture: Crops & Grains

Spain’s sheep milk output falls 1.7% as tighter supply lifts prices

Spanish sheep milk production fell 1.7% year on year to 215.76 million litres between January and May. Interempresas reported that tighter supply lifted the average price by 5.7% to €11.09 per hectograde, while the number of farmers making deliveries declined by 6.8%.

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

Brazilian cocoa cultivation spreads to new states as prices stay high

High international prices and a domestic supply deficit are pushing cocoa cultivation into all 26 Brazilian states, including Paraná and Santa Catarina. Output in these new areas jumped 1,358% in 2025 to 175 tonnes, though Brazil still imported 42,100 tonnes of beans that year.

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

Ethiopia seeks to connect cotton farms with textile and garment factories

Ethiopia is trying to build an integrated industry spanning cotton cultivation, ginning, spinning, textiles and garment manufacturing. Around three million hectares are suitable for cotton, but inconsistent local supply and fibre quality still force some manufacturers to import lint or yarn.

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Arjun Mehta
Consumer Goods Analyst
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| Food & Beverages

Cost of cooking jollof rice in Nigeria rises 624% over decade

The average cost of cooking a pot of jollof rice in Nigeria has reached N29,578 after rising 624% in ten years. Climate stress and insecurity are deepening food-cost pressures, prompting families to abandon bulk buying and change meat choices.

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

India emerges as fast-growing market for Brazilian agribusiness

Brazilian farm exports to India reached US$2.8 billion in 2025 and could hit US$9 billion by 2030, according to Valor, citing Brazil's agriculture ministry. Cotton, ethanol, soybean oil and bovine genetics are driving the expansion.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Machinery & Automotive

Italian boatbuilders face tariffs and resin inflation as Genoa show shifts to October

Italy’s recreational boating industry is entering a third difficult season as geopolitical risks, US tariffs and rising input costs pressure smaller manufacturers. Large yachts, charter activity and nautical tourism remain stronger, while the Genoa International Boat Show is moving to 1-6 October to attract more shipyards and larger vessels.

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Henrik Johansson
Senior Machinery & Automotive Analyst
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