Foodcom Experts

Brazil is preparing for record coffee exports in the 2026/27 season thanks to a projected all-time high in production. However, market participants are concerned about the impact of El Niño on next year’s harvest and producers’ sales strategies.

A new trade agreement between the U.S. and China could reshape global agricultural trade flows. Brazil is considering redirecting its soybean and meat exports.

India's sugar production may turn out to be lower than forecast, limiting exports and affecting domestic prices and global markets.

European dairy markets are entering a calmer phase following recent sharp price fluctuations. However, prices for most products remain high, and market conditions are shaped by varying fundamentals across different segments of the dairy sector.

European dairy markets are entering a calmer phase following recent sharp price fluctuations. However, prices for most products remain high, and market conditions are shaped by varying fundamentals across different segments of the dairy sector.

The global MPC 85 market in 2026 remains highly dependent on processing decisions, technological infrastructure and high-protein food trends. Demand is structural, while supply is constrained by cost, energy and the allocation of milk to competing products.

India's sugar production may turn out to be lower than forecast, reducing exports and affecting domestic prices and global markets.

The WPC 80 market in 2026 remains structurally tight due to limited processing capacity, competition with the WPI segment and low inventories, which maintains elevated price pressure and limited product availability in the spot market.

At the beginning of February, the European dairy market entered a phase of marked price increases for butter, milk powders and proteins, with a continuing tight supply situation, further burdened by epizootic risks in Europe and Asia.

The dairy market is showing increasingly divergent trends: proteins remain the strongest segment, powders are becoming more expensive in the short term, and butter is stabilizing despite high stocks.

China has ended its investigation into subsidies for EU agricultural producers and announced new tariffs on dairy imports from the EU. The maximum rate will be 11.7% and will replace the much higher provisional tariffs previously in place.

High milk supplies are putting pressure on liquid segments, while whey proteins are reaching record price levels. Buyers are mainly focused on securing volumes for late Q1 and Q2, maintaining a cautious approach to the spot market.