Smartphone sales in India fell 11.1% in the second quarter as higher memory-component costs pushed device prices upward. Chinese brands suffered the greatest impact, indicating growing pressure on suppliers serving the Indian market.
Indonesia set its July 2026 crude oil benchmark at $81.68 a barrel, down $1.77 from June. Easing Middle East tensions and a recovery in global supply reduced the risk premium across major oil benchmarks.
India’s Tripura has exported its first shipment of mustard honey to Dubai, with the consignment weighing 1 metric tonne. The Ministry of Commerce and Industry said the shipment could open new international market opportunities for local beekeepers.
South Korea has secured 15,000 tonnes of cabbage and 6,000 tonnes of radish for release if adverse weather disrupts supplies before Chuseok. Early-August wholesale prices for cabbage, radish and head cabbage remained 31%-43% below normal after favorable growing conditions increased yields.
World rice production is forecast to decline by 9 million tonnes to 536.4 million tonnes in the 2026-27 marketing year. Malaysia Sun reported that a potentially strong El Niño, rising input costs and geopolitical pressures are weighing on the outlook.
South Korea’s bean coffee market has expanded 2.4-fold in six years, while the country’s coffee-product market reached 3.7359 trillion won. More than 100,000 cafes are now operating as both specialty coffee and low-cost, large-volume formats gain ground at the expense of instant coffee mix.
Russian consumption of sugar and confectionery fell to 28.2 kg per person in 2025, down from 28.8 kg in 2024 and the lowest level since 2004. Pure sugar, jam and honey declined, while consumption of chocolate and other confectionery remained unchanged.
Seoul Milk Cooperative, Maeil Dairies and Namyang Dairy Products are expanding into bakery, frozen desserts, functional nutrition, B2B products and exports. The restructuring responds to declining domestic milk consumption and a prolonged imbalance in raw-milk supply and demand.
Spanish meat production reached 4,162,681 tonnes in the first half of 2026, up 3.8% from the same period a year earlier. Eurocarne reported that stronger poultry and pork output drove the increase.
Saudi Arabia ranks first among date-exporting countries and ships to more than 125 markets. With the National Center for Palms and Dates counting more than 300 varieties, protection of product names and commercial brands is becoming a central issue for the sector.
Thailand’s trade with 18 FTA partners reached $243.669 billion in January-June 2026, up 21.8% year on year. Imports rose faster than exports, while fruit, processed chicken, electronics and jewelry recorded growth.
Australian farmers and meat exporters are mobilising against a Trump administration trade probe that could restrict lamb shipments to the United States. The Australian Financial Review reports that the market is worth $1.4 billion and Australian imports account for about three-quarters of US supply.
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