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

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| Energy & Fuels

Denmark's Greensand seabed CO2 storage project enters regular operation

The Greensand project, which stores carbon dioxide beneath the Danish seabed, has moved into regular operation after several years of test injections, according to those responsible for it. Zeit Online reported that the project has not yet reached its target. Injected volumes, licensed capacity and storage prices were not disclosed.

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Daniel Brooks
Lead Energy Markets Analyst
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| Food & Beverages

Italian wine exports to the United States rebound in July, EU Commission data show

Shipments of Italian wine to the United States rose in July, the first significant rebound for the destination after a weak run. The reading is based on European Commission trade data processed by the Osservatorio of Unione Italiana Vini. The published summary does not detail the split between volume and value.

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Isabella Romano
Lead Food & Beverage Analyst
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| Energy & Fuels

Kazakhstan's phased rail tariff increase squeezes coal export margins

Kazakhstan is raising access tariffs on its mainline railway network in stages, changing the delivery economics of bulk commodity exports, Pravda.ru reports. Coal, ore, grain and fertilizer shippers have no alternative transport mode and little margin to absorb higher freight. Exporters competing on price in China and Central Asia are the most exposed.

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Priya Raghavan
Energy Markets Analyst
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| Textiles & Consumer Goods

EU perfume exports to Russia fall 37% in July, cosmetics down 16%

Eurostat data show European Union perfume shipments to Russia fell 37% year-on-year in July to €26.4 million, while cosmetics exports dropped 16% to €34.5 million. France remained the largest supplier in both categories as Russian domestic production continues to expand.

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Charlotte Dubois
Senior Consumer Goods Analyst
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| Agriculture: Crops & Grains

Iran exempts dates, pistachios, figs, grapes and tea from export duties

Iran has removed dates, pistachios, figs, grapes and tea from its list of water-intensive agricultural products, a reclassification that ends the export duty tied to that status. The change was reported by negarmag.com, citing the deputy for commercial affairs and trade development at the Directorate General of Industry, Mine and Trade of Bushehr Province. No effective date or previous duty rates were given in the announcement as reported.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Food & Beverages

Romanian mountain dairy farmers find new milk buyers after Lactalis withdrawal — at a better price

Lactalis closed all of its milk collection centres in the Vatra Dornei and Câmpulung Moldovenesc mountain areas of Romania's Suceava county starting in August. According to Monitorul de Suceava, the feared collapse did not happen: farmers found other buyers and are now paid more than before the French group left.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

Castilla y León now makes one in three cheeses produced in Spain

Regional president Alfonso Fernández Mañueco said Castilla y León accounts for one in every three cheeses made in Spain, with dairy exports up 53% in five years to more than €376 million in 2025. Cheese exports reached 47,000 tonnes worth over €235 million, or 27% of Spain's total. The figures were presented at the opening of the third Fromago Cheese Experience fair in Zamora.

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

China opens its market to Russian mustard powder and prepared mustard

Rosselkhoznadzor says the Chinese side has confirmed that Russian mustard powder and prepared mustard may be shipped to China. Access is plant-by-plant: exporters must register in China's CIFER system under category 11, plant spices, and obtain a Chinese registration number. Producers in Primorsky Krai, on the Chinese border, are positioned to move first.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Energy & Fuels

Indonesia's upstream oil and gas push runs into regulatory and capital-competition hurdles

Indonesia's upstream oil and gas potential is not translating automatically into investment, with regulatory certainty, permitting and the lag between discovery and first production cited as the main obstacles. Analysts and operators including bp and ExxonMobil say projects must compete for global capital on returns, risk and execution certainty.

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Priya Raghavan
Energy Markets Analyst
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