Market News

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

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| Food & Beverages

Mexico halts Spanish pork imports over African swine fever outbreak

Mexico suspended imports of pork and pork products from Spain after an African swine fever outbreak, barring hams, sausages, cured products and pet-food raw material. Japan has also closed its market, as neither accepts regionalization. China, Spain's top buyer, may accept it but would still block farms in the outbreak province, exposing fourteen Barcelona meat companies.

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Isabella Romano
Senior Food & Beverage Trade Analyst
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| Agriculture: Crops & Grains

EU-Australia trade deal opens 25,000-tonne duty-free sheep meat quota, sparking farmer backlash

The EU-Australia free trade agreement signed on 24 March opens the European market to 25,000 tonnes of duty-free sheep meat. Spain's Interovic warns the deal could erase close to 770,000 hectares of pasture and wants sheep named a sensitive sector, while France's meat interprofession has appealed to Emmanuel Macron.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Chemicals & Fertilizers

SABIC Agri-Nutrients Nears FID on Seventh Ammonia and Urea Plant

SABIC Agri-Nutrients is preparing to take a final investment decision on its seventh ammonia and urea plant, projected to lift sales volumes by about 54 percent. The facility would add 1.2 million mtpa of ammonia and roughly 2.6 million mtpa of urea, according to ChemAnalyst.

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Rajesh Nair
Chemicals & Fertilizers Analyst
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| Machinery & Automotive

Heritage Foundation Warns Over Carney's EV Bargain With China

The Heritage Foundation has published a commentary criticizing Canadian Prime Minister Mark Carney's electric vehicle arrangement with China and calling it dangerous for North American auto trade. The piece is framed around the integrated Canada-US-Mexico automotive market, without quantifying tariffs or volumes.

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Henrik Johansson
Senior Machinery & Automotive Analyst
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| Agriculture: Crops & Grains

Cameroon bans raw log exports for 91 tree species

Cameroon has prohibited the export of unprocessed logs from 91 tree species under a decree signed on 28 April 2026 by Forests Minister Jules Doret Ndongo. The move deepens the country's push toward local wood processing and forces international buyers toward sawn or semi-finished timber.

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

Russian meat exports to China rise 40% in first five months of 2026

Russian exports of pork, beef and edible offal to China rose 1.4 times in the first five months of 2026, exceeding 53,000 tonnes worth almost $156 million, according to Agroexport data cited by Interfax. Pork dominated with 46,500 tonnes, while beef and cattle offal reached 6,700 tonnes.

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Ana Lucia Fernandes
Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

Morocco explores European sheep imports to cool red-meat prices

Morocco's government is examining the import of live sheep from Europe to ease persistent red-meat inflation, according to informed sources cited by Hespress FR. The measure is under study, with no confirmed volumes, suppliers or timeline.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Metals & Mining

Aperam to invest nearly R$1.5 billion in charcoal and low-carbon steel with IFC backing

Steelmaker Aperam will invest almost R$1.5 billion to expand charcoal production and decarbonization projects, funded through a package from the World Bank's IFC. The money will modernize charcoal furnaces, buy eucalyptus plantations and scale bio-oil output. It is the IFC's first sustainability investment in Brazil's steel and metals sector.

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Thomas Reid
Senior Metals & Mining Analyst
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