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

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| Agriculture: Crops & Grains

Buraidah Date Festival Builds Commercial Platform for Saudi Producers and Exporters

The Buraidah International Date Festival has developed from a seasonal market into an organized commercial platform connecting growers, processors, investors and buyers. Qassim accounts for about 85% of Sukkari date production, while sorting, packaging, processing and marketing are expanding the sector’s access to domestic and international markets.

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

FEFAC: heatwave losses to push EU maize imports above 26 million tonnes

Repeated heatwaves and drought have caused heavy losses in forage and summer crops across the EU, and the feed industry association FEFAC expects additional maize import needs of more than 7 million tonnes. That would lift total EU maize imports above 26 million tonnes, sourced mainly from Ukraine, the United States and Brazil. FEFAC is asking Brussels to reactivate the crisis measures introduced in 2022.

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

Thailand Places Aromatic Coconut Under Fruit Board Oversight as Output and Price Risks Grow

Thailand is bringing aromatic coconut under the Fruit Board’s oversight after production reached 731,094 tonnes in 2568 and prices continued to fluctuate. Authorities plan to improve crop forecasts and coordinate production and marketing across a sector that exports 80% of its output.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Energy & Fuels

Russian gasoline shortage drives propane-butane prices to five-year high

Russia’s gasoline shortage has pushed motorists toward propane-butane, lifting second-quarter LPG demand by almost 9% to 1.65 million tonnes. Exchange prices reached 44,500 rubles per tonne before trading restrictions and improved supply expectations brought a correction.

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Daniel Brooks
Lead Energy Markets Analyst
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| Food & Beverages

South Korea’s online bakery market nearly doubles as overnight delivery expands

South Korea’s online bakery market grew from 320 billion won in 2021 to 625 billion won last year, according to NewDaily Biz, citing Korea Agro-Fisheries & Food Trade Corporation data. The market is expected to reach 710 billion won this year as bakery brands expand overnight delivery and offer premium products online.

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

Egypt’s Sakata watermelon draws overseas demand on export-friendly quality

Egyptian Sakata watermelon is attracting international demand because of its sweetness, firm red flesh, uniform shape and transport-resistant rind. Production is concentrated in sandy, well-drained areas around and east of the Suez Canal, while Egypt’s climate can provide fruit when supplies from some competing origins are lower.

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

Ukraine Sunflower Purchase Prices Rise $23 a Tonne in One Week

Ukrainian sunflower purchase prices rose 5% to $483 per tonne CPT plant, the strongest weekly move among the country’s main oilseeds. The increase is intensifying competition for seed as August exports remained concentrated in sunflower oil and meal.

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Martin Keller
Senior Agricultural Commodities Analyst
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