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

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| Chemicals & Fertilizers

Urea in Brazil Climbs for a Fifth Straight Week, Up Nearly 20% at Ports

Urea prices at Brazilian ports have risen for five consecutive weeks, accumulating a gain of close to 20%, according to a StoneX analysis reported by Notícias Agrícolas. The increase hits just as buyers need to rebuild nitrogen inventories for the 2026/27 safrinha corn crop. StoneX cites Brazilian demand, high natural gas costs, the US-Iran talks and rumours of an Indian return to the market.

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Katrin Vogel
Lead Chemicals & Fertilizers Analyst
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| Agriculture: Crops & Grains

Turkey opens inquiries into hazelnut trades below the TMO purchase price

Turkish authorities have opened investigations after reports that hazelnuts are changing hands on the free market at 170–180 lira, against a TMO purchase price of around 250 lira. Inspectors are reviewing the records and stocks of traders in Ordu, while TMO warehouses have taken in some 60,000 tonnes in under a month of harvest.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Chemicals & Fertilizers

Telix to acquire ITM in radiopharmaceutical deal worth up to $2.35 billion

Telix Pharmaceuticals has agreed to acquire 100% of ITM Isotope Technologies Munich, combining drug development and commercialization with large-scale radioisotope production. The transaction includes $1.65 billion upfront and up to $700 million linked to ITM-11 milestones.

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Katrin Vogel
Lead Chemicals & Fertilizers Analyst
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| Food & Beverages

Higher feed, oil and freight costs squeeze Dominican poultry producers

Rising corn, soybean meal, oil and maritime freight costs are increasing the cost of producing chicken and eggs in the Dominican Republic. The Dominican Poultry Association says domestic supply remains high, at more than 400 million eggs per month and an average of 23 million chickens.

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Katrin Vogel
Lead Chemicals & Fertilizers Analyst
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| Food & Beverages

Thailand proposes tripartite model to address school-milk procurement crisis

Thailand’s National Farmers Council has proposed bringing producers, cooperatives and the state together to address problems in the school-milk market. The plan targets procurement agreements, pricing gaps and dairy-sector legislation while seeking stronger links between cooperatives, the state dairy organization and capital markets.

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David Okafor
Food & Beverage Analyst
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| Trade Policy & Macro

Kazakhstan extends seasonal apple import ban to EAEU partners

Kazakhstan has banned apple imports from both third countries and fellow EAEU members from September 3 through December 31, 2026. The measure may support orchard growers during the harvest, but limited commercial output and storage capacity create risks for winter availability and prices.

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

Ghana launches GHATSI, targeting 400,000 tonnes of annual tomato output

Ghana has launched the Ghana Tomato Self-Sufficiency Initiative (GHATSI), a public-private programme targeting annual national tomato production of 400,000 tonnes. The first phase in the 2026/2027 cycle aims for about 100,000 tonnes across more than 10,000 acres, with farmers accessing GH¢20,000 per acre in financing. The ministry says Ghana currently spends over $400 million a year importing fresh tomatoes and paste.

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Mei Tanaka
Senior Machinery & Automotive Analyst
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