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

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| Food & Beverages

Galician milk prices frozen at Spain’s lowest level until end-November

Dairy processors have extended Galicia’s reduced farmgate milk prices through November after rejecting producers’ calls for an increase. Galicia Press reports that farms are losing up to €19 million a month compared with March revenue, despite the region supplying 42% of Spain’s milk.

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Isabella Romano
Lead Food & Beverage Analyst
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| Food & Beverages

Japanese beer takes 46.9% of South Korea’s imported beer market

Japanese beer accounted for 46.9% of South Korea’s beer imports in the first half of the year. Its average price of $0.79 per kilogram, the lowest among imported beer, supported the advance despite the legacy of the Korean boycott of Japanese products.

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David Okafor
Food & Beverage Analyst
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| Food & Beverages

Pilgrim’s Pride Q2 operating profit falls 87% as chicken prices decline

Pilgrim’s Pride reported second-quarter revenue of $4.6 billion, while operating profit fell 87% and net profit dropped 96%. The decline followed a fall of more than 25% in prices for large chicken commodity products, although processed foods grew and margins improved from the previous quarter.

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

Canfor expects North American lumber demand and prices to soften later in Q3

Canfor expects North American lumber markets to remain firm early in the third quarter before housing affordability pressures and economic uncertainty weaken demand. The forecast follows a profitable second quarter for lumber, while weak pulp markets and elevated inventories deepened losses in the company’s pulp and paper segment.

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

Italian paddy rice prices fall over 50% as imports rise 20%

Italian producer prices for paddy rice have fallen by more than 50% during the 2025-2026 marketing year as foreign rice imports increased 20%, according to Coldiretti. The farmers’ association is seeking €12 million for Italian rice purchases, tighter origin controls and stronger support for growers facing high costs, drought and Asian competition.

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Martin Keller
Senior Agricultural Commodities Analyst
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