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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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| Food & Beverages

Iraq bans all tomato imports to support domestic growers

Iraq's agriculture minister has ordered a complete prohibition on tomato imports, according to the Iraqi outlet mawazin.net, which reported the decision on Wednesday. The stated aim is to support local farmers and ease the marketing of their crop on the domestic market. The report does not specify the duration of the ban, transit rules or whether processed tomato products are covered.

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

South Korea sets garlic and onion reference price at 80% of normal-year wholesale price

Garlic and onions will be the first crops covered by South Korea's new agricultural price stabilization scheme, starting with the 2027 harvest, with the payout trigger set at roughly 80% of the normal-year wholesale price. Four producer federations issued a joint statement on 15 September demanding that full production cost be guaranteed instead. Reference prices will be published only after the production cost survey is released around October next year.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Metals & Mining

Oman Exported 14.02 Million Tonnes of Gypsum Ore in 2025

Oman shipped about 14.02 million tonnes of gypsum ore in 2025, according to Argaam, with mining activity tied to the mineral generating around 3.11 million Omani rials in revenue. A newly created state trading arm will hold exclusive rights to export gypsum and chrome ore from June 2026, after lifting average export prices by 8 percent.

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Chen Wei
Metals & Mining Analyst
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| Agriculture: Crops & Grains

USDA expects EU cattle herd to keep shrinking through 2027 as ASF shapes pork outlook

The United States Department of Agriculture forecasts a continued contraction of the European Union cattle herd in 2026 and 2027, driven by high production costs, tighter regulation and the spread of animal diseases, according to eurocarne.com. The same outlook describes an EU pork sector whose production and trade prospects remain conditioned by African swine fever.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Energy & Fuels

China and India cut green hydrogen costs to €3/kg as Spain remains Europe's only price-competitive producer

Green hydrogen produced in China and India has fallen to around €3 per kilogram, roughly half the level available in the European Union, according to EL ESPAÑOL-Invertia. Spain is the exception in Europe at €5.5/kg against €9.4/kg elsewhere on the continent, and holds 65% of European projects that have reached a final investment decision. Rising European gas prices are narrowing the gap between green and grey hydrogen in industrial applications.

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Daniel Brooks
Lead Energy Markets Analyst
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| Food & Beverages

Poland's illegal alcohol trade estimated at 3.2% of the market in 2025

Poland's Ministry of Finance says ethyl alcohol in illegal circulation equalled about 3.2% of supplies to the legal consumer market in 2025, down from about 3.8% in 2024, citing estimates by the National Revenue Administration. Strefabiznesu.pl put the volume at around 23 million litres and said budget losses may run into billions of zlotys. The ministry stressed the methodology was built solely for internal trend monitoring.

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

European lime arrivals fall to a fifth of normal as Brazilian shipments are cut

Only 18 containers of lime are due to reach Europe in week 39 of 2026, against a weekly average of 120-140, as phytosanitary rejections in Brazil and a Maersk vessel under repair cut shipments. Purchase prices in the Netherlands have moved from €5.50-6 to €9, with €11-12 indicated for the week ahead.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Trade Policy & Macro

South Korea producer prices rebound 0.2% in August as heatwave lifts spinach 51.9%

South Korea's producer price index rose 0.2% in August to 129.64 from 129.43 in July, reversing the previous month's decline, according to the Bank of Korea. A summer heatwave pushed spinach up 51.9% and pork up 5.4%, while higher international oil prices raised the cost of electricity, gas, water and waste services.

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Yusuf Demir
Senior Trade Policy Analyst
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