Maize prices in India have slipped about 24% below the Minimum Support Price (MSP) as record arrivals meet weak demand and gaps in official procurement, according to BusinessWorld. The decline is squeezing farm incomes and rural spending across producing regions.
Vietnam's 5% broken rice climbed to 445-450 USD per tonne from 410-415 the previous week as the Philippines moved to build reserves before the storm season and domestic supply stayed tight. Thai prices fell to 465 USD after Manila paused buying, while Indian offers edged higher on crop worries, according to danviet.vn.
Assam's FY 2026-27 state budget introduces a first-ever subsidy for export-oriented, quality CTC tea and raises the orthodox tea subsidy under ATISIS 2020 from Rs 10 to Rs 15 per kg. The Tea Association of India called the budget progressive and forward-looking for the sector.
China harvests tens of millions of tons of tomatoes each year, far ahead of India, Turkey and the United States, according to Media Indonesia citing Food Republic. Much of that crop becomes paste and puree, and China exports millions of tons of tomato paste annually to Africa, the Middle East and Europe.
A roughly 3.5% weekly drop in the rial's free-market rate revived inflation expectations in Iran, driving gains across eight of nine deposit certificates traded on the Iran Mercantile Exchange. Bitumen led with a 17% jump, partly on Brent crude volatility, while gold bullion and gold coin certificates rose 5% and 4% as global gold held near $4,100 an ounce. Zinc ingot was the sole decliner, down 1%, amid global oversupply and weak Chinese construction demand.
Mining and Energy Union members staged a 12-hour strike on July 10 at Peabody Energy's Metropolitan coking coal mine in New South Wales, according to Metal.com. It is the latest in a series of stoppages at the operation. A single half-day strike is unlikely to move prices, but repeated action signals unresolved bargaining.
The USDA now estimates the United States will import up to 1,152,000 tonnes of Mexican sugar in the 2026/27 cycle, a 512% jump over the prior estimate. Mexico's government says the increase follows bilateral talks and could add up to 4,760 million pesos in payments to cane growers.
Crude palm oil tender prices in Indonesia firmed again on 9 July, with CPO Franco Kuala Tanjung set at Rp15,600/kg, while fresh fruit bunch prices in North Sumatra held at high levels. Malaysian benchmark futures also rose slightly to RM4,615/tonne, supported by firmer vegetable oils and crude oil.
Rising demand for AI computing power is colliding with a slow-moving industrial supply chain for specialty steel, copper and qualified labour, Italy's Linkiesta reports. Long equipment lead times add to the strain. The bottleneck raises the risk of delays to data-centre construction.
Saudi Arabia appeared as guest of honor at the Fancy Food International fair in the United States with 13 national date companies. The campaign stressed quality and variety, with date exports already valued in the billions of riyals.
South Korea and Mongolia have reached an agreement in principle on a Comprehensive Economic Partnership Agreement that will remove tariffs on Korean consumer exports, according to Ajunews. Cosmetics, ramen and seasoned seaweed are among the products whose duties will be eliminated, strengthening the price competitiveness of K-food and K-beauty in Mongolia.
The Indian government on Friday defended its Ethanol Blended Petrol (EBP) program, saying it has saved ₹1.90 lakh crore (about $23 billion) in foreign exchange. Officials said the scheme has strengthened the sugar industry and raised farmer incomes, according to PTI.
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