Skim milk powder gained 4.3% at GDT Event 413 while butter, milk fat and cheddar fell. USDA's October forecasts extend the divergence in protein and fat pricing into 2027.
FAO's maize measure rose 5.6% in September, while USDA put US corn stocks at 2.10 billion bushels. The divergence points to export logistics and origin risk, not just crop size.
FAO's maize measure rose 5.6% in September, while USDA put US corn stocks at 2.10 billion bushels. The divergence points to export logistics and origin risk, not just crop size.
Malaysian palm oil stocks reached 2.82 million tonnes in August. Oil World's 2027 output cuts, relayed by MPOC, remain an early forecast rather than a confirmed supply decline.
Global Dairy Trade's price index fell 1.1% at Event 412 on 15 September, its first decline since early July. The composition matters more than the headline: butter fell 5.7% to $4,760 per tonne and anhydrous milk fat fell 3.0% to $5,739, while skim…
The GDT Price Index rose 0.9% at Global Dairy Trade's Event 411 on 1 September, its fourth consecutive gain, but the composition of that increase is the more significant reading than the headline number. Skim milk powder rose 5.3% to $3,695 per…
The FAO Food Price Index averaged 133.3 points in August, up 1.9% from a revised July level and 2.5% year-on-year — its highest reading since late 2022 (FAO, Supply concerns drive Food Price Index higher, 4 September 2026). FAO Chief Economist…
Cocoa futures rose to $6,634.61 per tonne on 28 August, up 7.48% on the day and 27.96% over the trailing month (Trading Economics, 28 August 2026). The move follows a run of gains rather than a single-headline spike: December ICE New York cocoa…
The GDT price index rose 2.3% at Event 410 on 18 August, the third consecutive increase and the largest single-event lift since March. The average winning price across all products was USD 3,873 per tonne, with 176 participating bidders and 130…
For three years the US cattle market has run on a single logic: the herd is contracting, supply is falling, price goes up. The August WASDE breaks that chain. USDA lowered its 2026 beef production forecast by 321 million pounds, attributing the cut…
The FAO Food Price Index posted its highest July reading since January 2023, yet meat recorded its first monthly decline of 2026 and dairy sits a quarter below year earlier levels, meaning the headline number is measuring input and geopolitical cost rather than consumer pull.
Ghana's regulator has projected a decline of at least 16% in 2026/27 production while Cote d'Ivoire is also expected lower, sending London cocoa up 6.9% in a single session and reversing the demand led logic that had governed the market since grindings collapsed in the first quarter.