Grupo Nutresa has signed an agreement to acquire 100% of Industrias Tío Rico, Venezuela’s leading ice cream producer, for about $30 million. The deal includes a plant in Guacara, five distribution centers and a portfolio controlling more than 55% of the Venezuelan market, but remains subject to closing conditions and regulatory approvals.
Burkina Faso has reopened exports of millet, maize and sorghum flour after suspending them in February 2022. The decision restores regional market access for millers while making domestic supply and prices the key risks to monitor.
Vietnam’s average rubber export price reached $2,130 per tonne in June, the highest level recorded in several years. Higher prices supported revenue, but weaker Chinese demand kept first-half export volume below its 2025 level.
Cocoa futures are down about 34% from a year ago, yet retail chocolate remains costly. Lindt, Barry Callebaut and Nestlé are protecting margins bruised by a two-year rally, while price hikes cut sales volumes and makers chase younger, premium buyers.
Experts warn that tightening rice and tomato supplies could cause scarcity and higher food prices in Nigeria within six months. They are calling for urgent government intervention to contain inflation and prevent shortages.
Wood pellet prices in Poland rose to 1,500-2,100 zł per tonne in July as strong demand collided with limited supplies of sawdust and wood chips. The Polish Pellet Council is proposing a personal income tax credit for households buying certified A1 pellets, while the Energy Ministry has asked the competition authority to examine the market.
The Peru-Guatemala free trade agreement took effect on July 1, immediately removing tariffs from 45 product categories of interest to Peru. Peruvian food exports to Guatemala reached a record $69.5 million in 2025, leaving substantial room for growth in a market with import potential exceeding $2 billion.
Moroccan rice growers and industry professionals are raising concerns over a sharp increase in imported rice, particularly supplies from Egypt. The additional competition is putting the domestic sector under pressure and prompting questions about the position of locally grown and processed rice.
Italian olive oil mills are seeking government intervention as unsold oil fills storage and restricts working capital before the next campaign. Industry associations warn that processors may have to refuse new olives unless authorities support stock clearance, credit lines and liquidity.
Brazilian cotton lint prices remain firm as more buyers enter the physical market and quotations strengthen abroad. The combination is supporting prices across Brazil’s main trading regions, according to the Center for Advanced Studies in Applied Economics.
Fruit and vegetable prices in Russia increased by an average of 39% over the year, Pravda.ru reports. Higher spending on seeds, fertilizer, fuel and delivery has weakened the price competitiveness of produce shipped from other Russian regions and CIS countries.
Indian manufacturers and retailers are preparing phased price increases across passenger cars, consumer electronics, branded apparel and everyday goods from August 2026. Reported increases range from 4% to 8% in several categories, while Maruti Suzuki will raise vehicle prices by up to ₹30,000.
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