EU Council formally enacts the agricultural safeguard mechanism for EU-Mercosur. Provisional application begins with preferential tariffs for beef, poultry, soy, sugar and ethanol.
A new HPAI outbreak in Pennsylvania threatens the fragile US egg market recovery. Supply chain vulnerability and biosecurity gaps keep egg prices structurally elevated.
Argentina has extended its grain export tax regime through December 2026, defying IMF pressure and locking in a 33% soy levy and 12% corn/wheat levy. Exporters face margin compression as the devalued peso compounds the tax burden on already tight spreads.
The EU Deforestation Regulation has formally begun blocking non-compliant Brazilian soy shipments at Rotterdam, Hamburg, and Antwerp. Exporters without verified due diligence documentation face rejection or costly re-routing to alternative markets.
Lloyd's of London syndicates have raised war-risk premiums for vessels calling at Odesa, Chornomorsk, and Pivdennyi to 4.2% of cargo value as of March 18, 2024, up from 1.4% in late February following a sustained campaig
HPAI H5N1 has been confirmed in dairy cattle in the Netherlands — the first European case of cross-species transmission. US depopulations have exceeded 12 million commercial layers year-to-date, with active outbreaks now spanning 14 states.