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| Agriculture: Crops & Grains

El Niño threatens Peru's crop and fishery output through mid-2027

A long-running El Niño event that began in January is already cutting the quality, size and volume of key Peruvian crops and fish, from potato and coffee to anchoveta. Agronomist Ulises Osorio warns the anomaly could persist until mid-2027 and hits smallholders hardest.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

FAO ties coffee, cocoa and tea price swings to supply and demand shocks

A new FAO analysis concludes that supply and demand shocks explain most of the recent sharp price swings in coffee, cocoa and tea, and that producers and consumers are affected differently. The report links the volatility to structural weaknesses in these markets and sets out policy options for exporting and importing countries.

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

CBOT wheat eases as corn and soybeans gain in Monday grain trade

Chicago wheat futures fell on Monday 13 July 2026, giving back part of the previous session's rally, while corn and soybeans advanced. US wheat exports remain 17.32% below last year at 1.893 million tonnes, and China booked 136,000 tonnes of new-crop soybeans.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

Weak monsoon cuts India's kharif sowing 16%, threatening rice output and lifting import needs

As of 10 July, India's kharif crop area had fallen 16% year on year to 53.125 million hectares after weak, El Nino-linked monsoon rains, according to Dainik Jagran. Paddy, oilseeds, pulses and cotton all shrank, with only sugarcane expanding. The setback points to higher edible-oil and pulse imports and a tighter outlook for rice and sugar exports.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

EU farm markets remain resilient as energy and fertilizer costs rise

The European Commission expects EU agricultural markets to remain broadly resilient in 2026 despite geopolitical, energy and input-cost pressures. Oilseed, dairy, pig and poultry output is expected to hold up or increase, while cereals, sugar, olive oil and ruminant livestock face weaker production.

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

Malaysia Says Rice Buffer Stocks Can Cover Six Months of Domestic Demand

Malaysian authorities report that the country's staple food supply is stable and sufficient, with buffer rice stocks able to meet domestic needs for six months. The statement, carried by the national news agency Bernama, is a food-security reassurance for a country that leans on imports to top up its rice supply.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Trade Policy & Macro

Gibraltar tobacco distributors stockpile before EU treaty overhaul

Importers, distributors and wholesalers in Gibraltar are building up cigarette stocks before the EU–UK treaty on Gibraltar takes effect on 15 July. A transitional period lets pre-deadline stock sell until 2027 and 2028, while new rules cap the price gap with Spain and impose plain packaging.

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Eleanor Hayes
Lead Trade Policy Analyst
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| Food & Beverages

South Korea's food exports hit record $7.24 billion in first half

South Korea's agricultural and fishery food exports reached a record $7.24 billion in the first half, up 8.8% year on year, according to aT. Instant noodles, chicken, seaweed and oysters led the gains as exporters opened new markets in Europe, Japan and Southeast Asia.

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David Okafor
Food & Beverage Analyst
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