Market News

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

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| Trade Policy & Macro

South African fruit exporters pivot to China and BRICS markets as AGOA margins narrow

Food and agricultural exporters in South Africa's Coega Special Economic Zone say China, India and Russia have become their main growth markets. Frozen fruit and sorbet maker DC Foods is finalising Chinese regulatory approval after about a year of compliance work, while fruit exporter Coegapack points to China's new zero-tariff scheme for eligible African goods.

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

Zambia wins Kenya's 540,000-tonne maize deal as South African surplus stays blocked

Zambia's Food Reserve Agency signed a deal on 10 September 2026 to ship 540,000 tonnes of white maize to Kenya, whose own harvest is set to fall 40% this year. South Africa could export more than 3 million tonnes by April 2027, but a Kenyan court suspension on genetically modified imports and a 50% tariff keep its maize largely out of the market.

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

Odisha plans eightfold expansion of nutrient-dense rice cultivation

Odisha aims to expand healthier rice cultivation from 1,200 to 10,000 hectares within four to five years. Commercial commitments covering around 1,000 metric tonnes, worth about Rs 6 crore, indicate early demand from processors and buyers.

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

Iranian rial weakens as dollar tops 266,000 tomans and euro passes 300,000

The dollar exceeded 266,000 tomans and the euro passed 300,000 tomans in Iran’s free market on 11 Mehr, Iran International reported. The renewed currency decline raises procurement risks for importers, particularly in sectors dependent on foreign currency for medicines and medical equipment.

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Yusuf Demir
Senior Trade Policy Analyst
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| Food & Beverages

Currency weakness lifts imported rice costs in Iran as Indian and Pakistani prices diverge

Imported rice prices in Iran range from 1.55 million to 3.799 million tomans per 10-kilogram pack as currency and replacement costs pressure the market. Continued order registration and the suspension of seasonal customs restrictions could support supply, but importers remain exposed to exchange rates, freight and clearance costs.

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David Okafor
Food & Beverage Analyst
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| Food & Beverages

Ukraine's buckwheat supply tops 275,000 tonnes, yet retail prices keep climbing

The Ministry of Agrarian Policy puts Ukraine's buckwheat supply this season at 275,000 tonnes against domestic demand of no more than 220,000 tonnes. Even so, a kilogram of groats gained 10 to 23 hryvnias in September in major retail chains, and some lines have more than doubled over the year. Industry experts rule out a shortage but expect prices to stay high.

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

Japan grants Ethiopia $2.3 million to mechanise rice production

Ethiopia has secured a 360 million yen ($2.3 million) JICA grant for machinery across its rice production and processing chain. The investment supports a national drive to reduce imports, which currently supply about 80% of domestic rice consumption.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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| Metals & Mining

Afghanistan Says Domestic Salt Output Has Eliminated Import Need

Afghanistan’s industrial association says annual salt production has reached 344,000 tonnes, exceeding estimated domestic demand of 300,000 tonnes. Authorities have stopped imports, potentially displacing supplies previously sourced from Pakistan and Iran, while the industry prepares for possible exports.

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Chen Wei
Metals & Mining Analyst
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| Agriculture: Crops & Grains

South Korea's NH Feed buys 50,000-60,000 tonnes of soybean meal from COFCO at $480.19 C&F

NH Feed, a subsidiary of South Korean feed producer NOFI, purchased 50,000-60,000 tonnes of soybean meal in an international tender on 29 September, APK-Inform reported citing market operators. COFCO won the business at $480.19 per tonne C&F plus $1.50 per tonne for port discharge, with origin open to the United States, China or South America. Delivery must be completed by 1 January 2027.

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Ana Lucia Fernandes
Senior Agricultural Commodities Analyst
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