Market News

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

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| Food & Beverages

Spain’s Wine Consumption Falls 8.1% Below Nine Million Hectoliters

Spain’s apparent wine consumption fell 8.1% to 8.96 million hectoliters in the 12 months through July. The decline points to weaker domestic absorption, with potential consequences for inventories, producer margins and pressure to find alternative sales channels.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

Spain Overtakes Chile as South Korea's Largest Wine Supplier by Volume

Spain shipped 6.29 million litres of wine to South Korea in the first half of 2026, up 13.1%, passing Chile to become the market's largest supplier by volume. Revenue barely moved, rising by just 288 euros to 13.21 million euros, as bulk wine and formats above 10 litres drove the gain. The wider Korean market bought 27.63 million litres worth 184.22 million euros, down 0.8% and 4.7% respectively.

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

Polish dairy farming consolidates as small herds disappear

Poland has about 150,000 farms keeping cows, 5–6% fewer than a year earlier, with most exits occurring among the smallest producers. Larger specialized farms are expanding as processors seek regular deliveries of uniform milk, while limited capital and land constraints hinder smaller operators.

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

Land Degradation Threatens 33% of India’s Farmland Base

Around 33% of India’s land has been degraded in some form, News18 reported. The deterioration threatens agricultural productivity, farm incomes and the country’s long-term food security.

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

Brazil expands corn ethanol capacity as Chinese grain demand weakens

Brazil is developing domestic outlets for corn as China increases production and reduces import demand. New ethanol plants in Mato Grosso are expanding processing capacity, although rising national fuel stocks mean producers must also secure new markets.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Food & Beverages

Russian alcohol sales fall 2% as beer declines and cider expands

Russian retail alcohol sales fell 2% year on year to 613.5 million decalitres in January–August 2026, according to Rosalkogoltabakkontrol data reported by Logistics.ru. Beer, beer-based drinks, still wine and cognac declined, while cider grew 25.1% and spirits rose 11%.

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Isabella Romano
Lead Food & Beverage Analyst
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| Chemicals & Fertilizers

Russian pharmaceutical exports to EU rise 66% in July

EU imports of Russian medicines reached €5.99 million in July, rising 66% from the previous month and 36% year on year. The monthly value was the highest since September 2025, while EU pharmaceutical exports to Russia remained far larger.

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Katrin Vogel
Lead Chemicals & Fertilizers Analyst
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| Energy & Fuels

Spain added 10.1 GW of solar capacity in 2025 as captured prices fell

Spain installed 10,105 MW of solar capacity in 2025, becoming the European Union’s second-largest photovoltaic market. Solar supplied nearly 23% of national electricity generation, but falling captured prices and more zero or negative-price hours increased pressure on project returns.

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Daniel Brooks
Lead Energy Markets Analyst
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