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

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| Agriculture: Crops & Grains

Turkey cuts onion import duty as prices surge and domestic planting declines

Turkey reduced its dried-onion import duty from 49.5% to 5% after two years of farmer losses reduced planting and prices climbed sharply. Producers say imports may ease short-term pressure but will not resolve a domestic cost gap that has pushed production costs above 15 TL per kilogram.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Food & Beverages

Falling US demand cools Spain's olive oil market as Jaén stocks pile up

Monthly olive oil sales in Spain slipped to around 95,100 tonnes, below sector expectations, as ASAJA-Jaén links the slowdown to weaker Spanish olive oil consumption in the United States. Jaén's mills could end the campaign holding some 156,000 tonnes, about 40% of the oil available before the new harvest.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

Korea widens duty-free access, imported UHT milk gains ground

South Korea has extended duty-free treatment to US and European dairy, sharpening the price edge of imported sterilized milk. Korea Economic Daily and etnews report growing market share alongside concerns over quality control, supply stability and a Polish milk-fraud case.

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

Romanian Meat and Dairy Processors Warn Sheep Vaccination Could Freeze EU Exports for Years

Romanian abattoir owners and dairy processors are opposing a planned mandatory collective vaccination of sheep against PPR, warning it would extend the EU's existing ban on live animal exports to meat and milk. Processors say vaccinated-animal milk could not be sold in the EU, forcing imports of raw milk, while abattoirs could face up to three years of restrictions on raw meat exports to a market that takes over 90% of Romania's output.

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Martin Keller
Senior Agricultural Commodities Analyst
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