South Korea will intensify support for fresh produce, processed food and agricultural industries after K-Food+ exports reached a record $8.25 billion through July, up 4.8% year on year. The government’s BOOST strategy targets $16 billion in annual exports, including a first $100 million export year for Korean grapes.
An ASSOCHAM report says India has an opportunity to become a more important participant in the global wheat market. A bumper crop, strong government buffer stocks, competitive prices and a gradual easing of export restrictions could support overseas sales.
Severe rainfall shortages in Japan’s Wakayama Prefecture have left some mandarins at the very small 3S grade, comparable in size to sudachi citrus. August rainfall in Wakayama reached only 10.5 millimeters, about one-tenth of the normal level, raising concerns over yields, marketable packout and regional supply.
Indonesia’s Food Coordinating Ministry is promoting downstream goat-milk processing to broaden demand and raise the value captured by small farmers. National output remains at about 20,000–25,000 tonnes a year, leaving processors to address limited scale, relatively high prices and uneven consumer acceptance.
Mexico is accelerating domestic fertilizer-production projects as elevated urea prices and disruptions to international trade routes increase supply concerns. Topolobampo, Sinaloa, is emerging as a strategic location in efforts to strengthen national availability and reduce dependence on imports.
Spain’s vehicle trade surplus declined to €3.344 billion in the first half of 2026 as imports grew much faster than exports. Purchases from China and Japan increased sharply while domestic production fell during factory conversions for electrified models.
Iran is coordinating the release of more than 20,000 tons of potatoes held in cold storage in Hamadan to increase supply and reduce retail prices. Officials say the country has no underlying shortage, while excessive markups and unnecessary intermediaries have widened the gap between farmgate and consumer prices.
Russia remained India’s largest crude oil supplier in August 2026 despite a slight decline in volumes. The United States supplied 51% of India’s LPG imports and 38% of its LNG imports as buyers diversified away from Gulf routes.
Plans to reopen a major abattoir in Western Australia have been suspended because the operator cannot recruit enough local workers. Changes to visa-processing priorities have also restricted access to overseas labour, delaying the return of regional livestock-processing capacity.
Rice use for ethanol in India increased from 2.36 lakh tonnes in FY 2024-25 to 52.22 lakh tonnes in FY 2025-26, according to Kanak News. Analysts cited by the broadcaster estimate that tighter open-market supply could raise rice prices by ₹5–₹10 per kg.
Gimcheon has dispatched 26 tons of grapes worth 250 million won to Taiwan. The shipment follows exports of 2,599 tons valued at 36.4 billion won last year, while the city is strengthening quality controls and overseas distribution support.
Kenya’s sugar regulator has introduced a seven-day payment deadline for cane delivered to millers, with penalties for non-compliance. The wider reform includes independent weight verification, quality-based payments and measures to improve harvesting and refining capacity.
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