Iraq lifted its purchases of Vietnamese rice by 132.4 times year-on-year, entering Vietnam's top 15 export markets, according to the Vietnam Food Association. Traders link the shift to military conflict disrupting Thai rice shipments into the Middle East. Vietnam's overall rice exports still fell in value as Philippine demand paused.
Australia and New Zealand are moving to make the Health Star Rating mandatory for packaged foods, a change Spanish producers and the EU fear will penalise olive oil and table olives. Australia is the seventh-largest buyer of Spanish olive oil, taking 72% of its imports from Spain in 2024-2025. A Greek MEP has asked the European Commission whether the measure breaches WTO rules.
Average day-ahead electricity prices across the zone tracked by Energy Solution reached €98.81/MWh in June 2026, up 8.4% from May. A heatwave drove cooling demand while 17 countries posted prices above €100/MWh.
The Ukrainian government is preparing additional security measures for gas stations in frontline regions as Russian strikes on fuel infrastructure intensify. Official Yulia Svyrydenko said current fuel volumes are sufficient and there is no shortage, according to tsn.ua. More than 150 stations have burned down in attacks over the past two months.
On Thursday, 9 July 2026, wheat futures rose on all three US exchanges, with CBOT September wheat up 1.97% to $227.72 per tonne, zol.ru reported. Corn and soybeans slipped ahead of Friday's USDA WASDE report as traders positioned for lower US stock estimates. Ukraine, Argentina and the EU adjusted their 2026/27 production forecasts.
President Vladimir Putin said Russia's fuel-market difficulties are temporary as the government banned gasoline exports from 2 April and diesel from 8 July. The diesel embargo pushed world prices to multi-year highs, hitting importers such as Brazil and Turkey, while a proposed mini-refinery network could take three to five years to build.
A letter from Deputy Prime Minister Vitaly Savelyev to President Vladimir Putin concludes there is no need for additional support for coal exports through Russia's congested northwestern and southern ports, Lenta.ru reports citing Kommersant. Port and coal industry sources disagree, pointing to a 2.25-fold rise in railway tariffs and falling prices, with Far East coking coal down 6.2 percent in the last week of June.
Russia cut fertilizer shipments to the United States by half in May, to almost $160 million, according to a RIA Novosti calculation based on Rosstat data. The drop was measured month-on-month, underscoring the seasonality and volatility of a trade flow that has stayed outside the main Western sanctions.
Indonesia has become the first country to raise the palm oil share in its diesel to 50%, moving from the B40 to the B50 standard. Officials say the shift will lift crude palm oil consumption to 17 million tonnes, cut diesel imports and save up to Rp170 trillion a year.
Thousands of farmers gathered in Chandigarh under the Samyukt Kisan Morcha banner to oppose a proposed India-US free trade agreement and Punjab's new land pooling policy. Farm unions say the deal would let cheaper foreign farm and dairy goods into the Indian market, hurting incomes and small industry.
Exporters of manufacturing-grade beef face a tougher export market as the new financial year opens, with mounting Brazilian competition, according to Beef Central. The pressure is concentrated on lower-value grinding beef rather than premium cuts, giving importers a cheaper alternative and eroding rival exporters' pricing power.
Wholesale electricity prices in Australia jumped to $19,000 on Wednesday night as an unusually windless evening demand peak met unexpectedly low output from Victoria's two biggest coal generators. The Australian Financial Review reported that energy experts were left puzzled by the size of the move, which underlines how far the grid still leans on coal.
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