Foodcom News

In September, sugar and grain price indices rose the most. At the same time, restrictions on trade through the Black Sea worsened the outlook for global grain trade.

Brazilian sugar mills currently have a greater incentive to produce sugar than ethanol, but weather conditions are making it difficult to shift production. High cane moisture content and harvest delays could limit sugar supplies from Brazil toward the end of the season.

India has lowered import tariffs on key edible oils following a nearly 20 percent increase in prices over the past year. The change could boost imports ahead of the holiday season and affect the demand mix for palm, soybean, and sunflower oils.

India may harvest about 10 million metric tons less rice in the 2026/27 season than in the previous year. Lower rainfall and a smaller area planted with summer crops are hurting production, but record-high stocks continue to support exports.

India may harvest about 10 million metric tons less rice in the 2026/27 season than in the previous year. Lower rainfall and a smaller area under summer crops are affecting production, but record-high stocks continue to support exports.

The harvest in western Canada is proceeding much more slowly than usual this year. Prolonged wet conditions are increasing the risk of a decline in the quality of wheat and durum.

China purchased approximately 1 million metric tons of U.S. soybeans this week, significantly increasing the scale of its purchases from the U.S. At the same time, supply in the global oilseed market is tightening, and stocks in Brazil are declining.

Global food prices in August climbed to their highest level since November 2022. All major categories saw increases, with sugar posting the sharpest rise.

The 2026/27 cocoa season has begun in Ghana and Côte d'Ivoire amid growing uncertainty surrounding supply. Lower production forecasts, potential delivery delays, and expectations of a significantly smaller global surplus are once again drawing the market’s attention to West Africa.

Russian grain exports are increasingly shifting among different transport routes, altering the existing wheat trade landscape. For the global market, this means that logistics and the availability of export infrastructure are becoming more important.

Wheat prices on the U.S. market have risen to their highest levels in three years, while in Europe prices are approaching the equivalent of $300 per metric ton. At the same time, limited exports from Russia and Ukraine are keeping trade tensions high, despite good harvests and falling local prices.

The condition of corn in France is the worst it has been in 20 years, and harvest forecasts have dropped significantly. With lower production in the EU, Europe will need to import more corn.