Electricity generated from coal in India rose 14.70% while output from oil and gas fell 29.33%, according to a report by India's Ministry of Coal. Coal is consolidating its role in the power mix as costlier, import-dependent fuels lose ground.
The IMF expects world crude prices to fall only slowly, raising costs for fuel importers and weighing on currencies like Indonesia's rupiah, which slid to Rp18,066 per dollar. OPEC+ is adding just 188,000 barrels a day in August.
Brazilian white crystal sugar prices remained broadly stable, while ethanol prices declined again. Globo Rural reported that rain in May and June slowed sugarcane harvesting and milling but supported crop development.
Imported Tunisian extra virgin olive oil now trades in Europe at about €4.20/kg, above Spanish extra virgin at €3.65/kg and even some Italian lots. The unusual inversion reflects Tunisia's sold-out export crop, a Spanish deodorization glut and heat-stressed harvests.
Egypt is preparing legislation to reduce added sugar in manufactured food and beverages as part of its strategy against non-communicable diseases. Food industry representatives support a phased rollout and see stevia as a potential way to curb sugar imports, although reformulation costs and consumer acceptance remain key challenges.
Morocco shipped only about 8,700 tonnes of fresh strawberries between October 2025 and April 2026, nearly 50% less than the previous season and the fourth consecutive annual decline, according to EastFruit. Egyptian competition, drought, labour shortages and floods drove the drop, while producers shift toward blueberries, raspberries and IQF frozen strawberries.
Chicago soybean oil futures gained more than 3.5% as crude oil surged 6%, strengthening the biofuel-linked vegetable oil market. USDA also reported sales of 136,000 tonnes of soybeans to China for the next marketing year.
OSM Prudnik, a Polish dairy cooperative operating since 1946, has collapsed, costing dozens of jobs. The failure highlights pressure from lower farmgate milk prices, high energy costs, retail competition and growing regulatory requirements.
Indian food exports are finding their largest reported markets in the UAE and Saudi Arabia, led by products including non-basmati rice, basmati rice and buffalo meat. Vietnam, the United States and Malaysia complete the five leading destinations identified by Jagran from APEDA data.
Uzbekistan multiplied its potato imports from Kazakhstan in the first half of 2026, with supply volumes rising several times over year on year, according to Lada.kz. Strong Uzbek demand and ample Kazakh harvests drove the shift, while authorities in Kazakhstan monitor domestic stocks and prices.
The CMA CGM Iron departed Santos running on Brazilian ethanol, sailing to China via Sri Lanka and Singapore in the first voyage of its kind. The test comes as the IMO prepares net-zero shipping rules and Brazilian producers eye a market that could absorb billions of liters of ethanol.
Petrobras concluded the acquisition of a 75% stake in Block 3 offshore São Tomé and Príncipe on 9 July and took over as operator. It is the company's first offshore operatorship outside South America, with Oranto Petroleum holding 15% and the local ANP-STP 10%. The financial value of the deal was not disclosed.
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