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

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| Energy & Fuels

Houthis Claim Attack on Saudi State Oil Facility in Riyadh

Yemen’s Houthis claimed a successful attack on a facility belonging to a Saudi state oil company in Riyadh, NHK reported. Smoke was reportedly seen near the site, but the available source material provides no confirmation of damage, casualties or disruption to oil operations.

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Priya Raghavan
Energy Markets Analyst
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| Agriculture: Crops & Grains

Croatia forecasts lower maize, soy and sugar beet crops in 2026

Croatia expects 2026 maize production to fall 8.6% to 1.5 million tonnes, while soy and sugar beet output are forecast to decline more sharply. Sunflower is the exception, with production projected to rise 20.3% to 243,000 tonnes.

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Rajesh Nair
Chemicals & Fertilizers Analyst
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| Energy & Fuels

High European gas prices make coal-fired power more competitive

European gas prices above €75/MWh are improving the economics of coal-fired generation despite carbon costs. WNP reports that switching could intensify toward winter as Europe rebuilds gas stocks and competes with Asia for tight LNG supplies.

D
Daniel Brooks
Lead Energy Markets Analyst
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| Food & Beverages

Vietnam targets 2.6 billion litres of domestic raw milk a year by 2030

Vietnam plans to raise domestic raw-milk output to about 2.6 billion litres a year by 2030, covering 60-65% of processors’ demand. The strategy combines herd and feed-zone expansion with investment reform, stronger cold-chain links, updated standards and tighter market oversight.

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David Okafor
Food & Beverage Analyst
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| Chemicals & Fertilizers

Vietnam targets 20% domestic supply of pharmaceutical ingredients by 2030

Vietnam has approved a pharmaceutical chemicals program targeting domestic production of about 20% of the ingredients needed by its drug manufacturers by 2030. The plan also calls for at least two advanced research centers, universal compliance with quality and safety requirements, and annual export growth of at least 10% for high-value pharmaceutical chemicals.

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Rajesh Nair
Chemicals & Fertilizers Analyst
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