The USDA has raised its forecast for Vietnam's 2026 rice exports to 8.1 million tons, up 200,000 tons from its previous estimate, citing stronger demand from China and the Philippines. Vietnam exported 5.2 million tons of rice in the first half of the year, up nearly 10% from a year earlier.
Moroccan olive oil shipments to Spain jumped from 103 to 10,384.7 tonnes between January and April 2026, a rise of almost 10,000% year on year, worth €32.76 million. The gain reflects a recovered Moroccan harvest, but the country still supplies only 7.48% of Spanish imports and remains far behind Spain's own output.
Mercedes-Benz sold 417,800 cars in the second quarter, down 8 percent, as Chinese sales dropped 30 percent. In Europe, battery-electric demand surged, with one in four new Mercedes now fully electric and 43,500 of the brand's 52,900 electric cars sold on the continent.
Egyptian sugar factories are lowering their sale prices to raise cash, Al Arabiya reported exclusively. The mills need liquidity to pay financial obligations and to fund purchases of the beet crop, signalling financial stress across the domestic sugar supply chain.
Greece's AKTOR Group has signed a framework of key terms with Motor Oil to acquire 50% of Dioryga Gas, developer of the Agioi Theodoroi FSRU. The unit would add up to 210,000 cubic metres of LNG storage and link to Greece's national gas grid. The deal remains subject to final contracts and regulatory approvals.
Greece's government, food industry and supermarket chains have agreed a voluntary framework to cut retail prices by at least 5% on 12 categories of basic goods starting August 31, for a period of two to four months. Fresh meat, dairy, bread, olive oil, coffee, cleaning products and school supplies are among the categories covered, while fresh fruit and vegetables are excluded. The deal follows the expiration of a profit-margin cap on June 30 and comes as Greece's June inflation eased to 4.4% even as beef, lamb and coffee prices kept rising.
President Prabowo Subianto has set a target for Indonesia to produce gasoline from palm oil and ethanol made from cassava, corn and sorghum within three to four years. He said the plan builds on the recent launch of B50 palm biodiesel and that the country stopped importing diesel this month.
Indonesia's state logistics agency Bulog has proposed a premium-grade version of its SPHP price-stabilization rice to rein in rising premium rice prices. The proposal is before the Agriculture and Food ministers, with price and volume still undecided. The Rp14,900 per kilogram premium retail ceiling will serve as a reference.
Nepal's tea industry, which supports thousands of jobs and earns billions of rupees in foreign exchange, faces continued uncertainty as India repeatedly restricts imports. Weak government support for quality improvement adds to the pressure on exporters.
Indian resources group Vedanta has restated its goal of producing 500,000 barrels of oil and gas a day in India. The company says the country holds 300 billion barrels of hydrocarbon resources and frames the push as a way to cut dependence on imported crude.
Israel is on track for its strongest wheat harvest in ten years, with output estimated near 140,000 tons — about 50% above an average season, according to Ynet. A rare mix of early and late rains lifted both volume and grain quality, easing near-term reliance on imports.
Central date markets across Saudi Arabia have begun receiving the first arrivals of the 2026 season, led by early rutab and local varieties in Riyadh, Medina, Al-Ahsa and Qassim. The kingdom produced about 1,922,932.5 tonnes of dates in 2024, with Qassim the top region.
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