Market News

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

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| Energy & Fuels

Heat and drought push Germany toward more coal-fired power

German hard-coal generation rose in July as expensive gas, weak hydropower and heat-related constraints elsewhere in Europe increased demand for thermal power. The shift may support coal plant margins and reduce gas burn, but it also raises emissions and exposes consumers to higher wholesale electricity prices.

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Daniel Brooks
Lead Energy Markets Analyst
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| Trade Policy & Macro

Vietnam Tightens Enforcement Against Illicit Tobacco Across Borders, Retail and Online Channels

Vietnam is expanding enforcement against illicit tobacco under Directive No. 25/CT-TTg, covering borders, the domestic market and online channels. Officials are also considering risk-based monitoring and tighter retail display rules, although the tobacco industry warns that a total display ban could make legal products harder to distinguish from illicit ones.

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Yusuf Demir
Senior Trade Policy Analyst
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| Trade Policy & Macro

Russian agricultural exports to China rise 44% as market barriers persist

Russian food exports to China increased 44% year on year in the first half of 2026 after agricultural shipments approached $8 billion in 2025. Fish, vegetable oils, grain and meat are driving growth, but certification, duties and logistics continue to restrict market access.

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Yusuf Demir
Senior Trade Policy Analyst
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| Food & Beverages

Vietnamese pangasius exports shift toward China as US tariffs rise

Vietnam’s pangasius exports reached $1.3 billion in the first seven months of 2026, up 10% year on year. Sales to China rose 31% to $357 million, while shipments to the United States fell 8% as exporters faced higher anti-dumping duties and an additional 12.5% Section 301 tariff.

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

Chinese Market Access Drives Expansion of Brazil’s Sorghum Production

Brazilian sorghum production has increased by 20%, with Maranhão recording growth of 115%, according to Conab data cited by Notícias Agrícolas. The industry expects exports to China to reach 30 vessels this year following the completion of a bilateral export protocol.

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Ji-won Park
Electronics & Technology Analyst
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| Metals & Mining

Coking coal surge squeezes Indian steel margins as supply risks mount

Premium hard coking coal averaged $236 per metric tonne FOB Australia in the first seven months of 2026, up 25% from a year earlier. Supply disruptions in Australia and China, Middle East conflict risks and higher freight costs are raising expenses for Indian steelmakers.

C
Chen Wei
Metals & Mining Analyst
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