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

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| Food & Beverages

Japan unifies beer tax in October as big four brewers split strategies

Japan's final liquor-tax revision in October unifies rates across beer-type drinks, cutting the tax on beer while raising it on happoshu and "third beer". As the price gap narrows, the country's four largest brewers are splitting into two camps: Sapporo and Asahi doubling down on alcohol and exports, Kirin and Suntory pivoting to health science.

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

Mato Grosso Sets Records in Cattle Slaughter and Soybean Crushing in First Half of 2026

Mato Grosso, Brazil's largest farm state, posted record cattle slaughter and record soybean crushing in the first half of 2026, according to Imea data reported by Canal Rural. The results point to stronger beef exports and higher domestic soybean processing, reinforcing Brazil's position as a top global supplier of beef and soy.

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Ana Lucia Fernandes
Agricultural Commodities Analyst
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| Energy & Fuels

Spain's grid bottleneck stalls its renewable energy dividend, El Economista reports

Spain has installed one of Europe's largest fleets of renewable generation but cannot convert that clean power into new industrial demand, investment, housing and jobs, according to El Economista. The paper blames a transmission and distribution network that lags far behind generation, leaving projects stuck without grid connections.

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Daniel Brooks
Lead Energy Markets Analyst
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| Machinery & Automotive

Electric and plug-in hybrid cars overtake diesel in Italy in first half of 2026

Combined sales of battery-electric and plug-in hybrid cars overtook diesel in Italy in the first half of 2026, according to UNRAE data reported by virgilio.it. A year earlier the two categories led diesel by only a few thousand units. ACEA figures show the same crossover across the EU, the United Kingdom and EFTA over the first five months.

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Henrik Johansson
Senior Machinery & Automotive Analyst
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| Agriculture: Crops & Grains

Brazilian beef prices set to rise through year-end as slaughter slows and China quota resets

Brazil has already filled its 1.1 million-tonne reduced-tariff export quota to China, yet analysts expect domestic beef prices to keep rising through the final quarter of 2026. Slower cattle slaughter, holiday demand and the January quota reset are tightening supply, according to auonline.com.br.

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

South Korea to expand soybean tariff quota by 10,000 tons to steady prices

South Korea plans to raise its concession-tariff market access volume for soybeans by 10,000 tons, according to Food News. The Ministry of Finance and Economy issued the draft amendment as a legislative notice on the 13th, aiming to stabilize consumer prices and protect domestic industry.

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

OECD-FAO: Brazil to hold 61% of soybean and 55% of sugar exports by 2035

A joint OECD-FAO outlook projects Brazil will supply 61% of global soybean exports and 55% of the world sugar market by 2035, while becoming the largest exporter of raw cotton. The report also points to Brazil's rising ethanol output and its place among the top three beef exporters.

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

EU takes 83% of Spain's fruit and vegetable exports as non-EU demand fades

Spain shipped 3.7 million tons of fruit and vegetables to the EU between January and April 2026, 83% of total volume, according to FEPEX data reported by fruchtportal.de. Sales to Canada, the United States, Brazil and other non-EU markets fell, deepening the trade's reliance on Europe.

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Martin Keller
Senior Agricultural Commodities Analyst
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