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

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| Food & Beverages

Russia Blocks More Than 602 Million Noncompliant Dairy Sale Attempts

Russian checkout controls have prevented more than 602 million attempted sales of noncompliant dairy products since May 2024. Expired goods accounted for 357.4 million blocks, while duplicate sales and invalid marking codes were also major sources of rejection.

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

South Korean mushroom producers seek dedicated law and regulatory relief

South Korean producers are pressing for a dedicated mushroom industry law and revisions to waste, farmland and origin-labeling rules. They argue that regulatory changes could lower substrate disposal costs and support expansion into mycelium-based food, materials and biotechnology.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Trade Policy & Macro

Canada-US trade talks revive dispute over dairy tariffs and market access

Donald Trump says Canada will lower agricultural tariffs for US farmers, while Ottawa maintains that its dairy protections will remain. Any concession involving dairy ingredients could affect Canadian processors and increase the use of US milk products in foods such as yogurt.

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Eleanor Hayes
Lead Trade Policy Analyst
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| Agriculture: Crops & Grains

Minas Gerais sugarcane crop seen at 82.5 million tonnes in 2026/27 as ethanol output jumps 27.5%

Conab's second survey of the 2026/27 sugarcane crop puts Minas Gerais at 82.5 million tonnes, 7% above the previous cycle, on a 5% yield gain and 2% more planted area. Sugar output in the state stays essentially flat at 5.56 million tonnes, while total ethanol rises 27.5% to 3.4 billion litres. Brazil's national crop is estimated at 705.2 million tonnes.

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

South Africa secures 200,000-tonne soybean export deal with China

South Africa is preparing to ship approximately 200,000 tonnes of soybeans to China in November 2026. Zero-tariff access and shorter freight distances improve its competitiveness, while port capacity and domestic crushing demand remain constraints.

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

North Sumatra Rice Supply Disruptions May Persist into Early 2027

North Sumatra could face rice shortages and higher prices through the first quarter of 2027 as El Niño threatens harvests and production. The September-October main harvest may provide temporary relief, but local supply is not expected to cover demand through February and the Eid al-Fitr period.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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