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

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| Agriculture: Crops & Grains

El Nino Threatens South African Crops After Record Maize Harvest

South Africa's record maize harvest and improved water reserves have reduced the near-term risk of food shortages. A returning El Nino cycle, however, threatens agricultural output and could push food prices higher. The buffer is real but works for a single season.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Food & Beverages

Russian confectionery exports rose 14% to more than $2 billion in 2025

Russia’s confectionery exports increased by 14% and exceeded $2 billion in 2025, according to the Russian Export Center. China remained a prominent market, with demand for Russian chocolate and biscuits, while export growth reportedly continued at a high rate in 2026.

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Isabella Romano
Lead Food & Beverage Analyst
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| Agriculture: Crops & Grains

Argentina’s sunflower seed exports jump 875.4% as industry revenue reaches $2.075 billion

The value of Argentina’s sunflower seed exports rose 875.4% year on year in the first half of 2026, driven primarily by a 754.5% increase in volumes. Export revenue across the sunflower complex reached a record $2.075 billion as buyers sought supplies following a weak Northern Hemisphere harvest.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Food & Beverages

Japan to unify beer taxes at ¥54.25 per 350 milliliters in October

Japan will apply a single ¥54.25 tax to 350-milliliter containers of beer-type beverages from October 1. The change cuts the levy on conventional beer by about ¥9 while raising it on happoshu and third-category beer by about ¥7, narrowing retail price gaps.

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David Okafor
Food & Beverage Analyst
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| Food & Beverages

Penza dairy plant adds filling and storage capacity with exports in view

Penzensky Dairy Plant has commissioned a milk filling line capable of handling 12,000 bottles per hour and a warehouse with almost 1,000 pallet positions. The expansion is intended to support milk processing of up to 500 tonnes per day, wider Russian distribution and the future development of exports.

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Isabella Romano
Lead Food & Beverage Analyst
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| Agriculture: Crops & Grains

Malaysia Monitors 2027 Palm Oil Output as Super El Niño Risk Exceeds 90%

Malaysia is monitoring rainfall as the probability of a very strong El Niño between October and December has risen above 90%. MPOC says the December monsoon could ease drought pressure, while any production impact would probably emerge after a nine-to-12-month lag.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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