Market News

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

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| Energy & Fuels

Ukraine’s diesel market tightens as wholesale prices outpace retail

Ukraine remains adequately supplied with fuel, but expensive diesel and difficult logistics are putting the market under pressure. Filling-station operators deny nationwide sales restrictions, while analysts warn that wholesale prices near 100 hryvnias per litre could push more commercial buyers into retail outlets.

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Daniel Brooks
Lead Energy Markets Analyst
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| Trade Policy & Macro

South Korea moves toward CPTPP membership as farmers warn of market-opening risks

South Korea has formally signaled that it will consider joining the CPTPP to expand access to markets including Mexico and support exports of consumer goods and Korean content. Agricultural groups oppose the move, citing the pact’s 96.3% average tariff-elimination rate for food and agricultural products.

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Yusuf Demir
Senior Trade Policy Analyst
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| Agriculture: Crops & Grains

Cattle herd declines recorded across 70 Russian regions

Cattle numbers declined in 70 Russian regions, according to an Izvestia analysis of Rosstat data for June. Russia’s Agriculture Ministry attributed the contraction to production optimization, but the available source material does not specify the nationwide decline.

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Thomas Reid
Senior Metals & Mining Analyst
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| Trade Policy & Macro

US-India trade framework cuts tariffs and opens new opportunities for Indian MSMEs

An interim US-India trade framework agreed in February 2026 reduced US tariffs on Indian goods from 50% to 18%, according to Patrika. Textiles, leather, footwear, engineering goods and other labor-intensive sectors could benefit, although infrastructure, financing and quality-control constraints remain significant.

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Yusuf Demir
Senior Trade Policy Analyst
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| Food & Beverages

Bulog releases premium rice at 14,900 rupiah per kg ahead of possible recall of 40 fortified brands

Indonesia's state logistics agency Perum Bulog is pushing its Befood premium rice lines into modern and traditional retail at the ceiling price of 14,900 rupiah per kilogram. The move anticipates a possible withdrawal of 40 fortified rice brands found to be sold outside standards. Bulog says it controls almost 5.3 million tonnes of rice nationwide.

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David Okafor
Food & Beverage Analyst
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| Trade Policy & Macro

US reviews duties on seamless steel pipe from Russia, Ukraine and other suppliers

The US International Trade Commission has opened a review of trade measures covering seamless carbon and alloy steel pipe from Russia, Ukraine, Czechia and South Korea. Russian pipe currently faces anti-dumping duties of 209.72% and a countervailing duty of 48.38%, while the anti-dumping rate for Ukrainian products is 23.75%.

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

Iranian premium rice prices rise as output is forecast at up to 2.4 million tonnes

Iran’s rice production is forecast to increase by 150,000-200,000 tonnes to 2.3-2.4 million tonnes this season. Consumer prices for premium domestic varieties range from 450,000 tomans per kilogram for Tarem Hashemi to 550,000 tomans for Gilan Domsiah, while the country is still expected to require 500,000 tonnes of imports.

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Martin Keller
Senior Agricultural Commodities Analyst
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