Commodity & Trade Updates

FAS now projects imports at 8 million tonnes, down 2 million tonnes from its previous estimate but still 1 million tonnes higher than the 2024-25 figure

The FAS report highlights that low rainfall, warmer-than-average winter temperatures, and an unseasonal spring frost have reduced yield potential

This marks the first time the duty has been eliminated since it was introduced in 2021.

By reducing its reliance on traditional suppliers such as Brazil, Argentina, Russia, and Uruguay, China aims to secure more stable and diverse feed protein sources

The FAO attributes the expected bumper crop to higher yields in major staples, maize (corn), rice, and wheat, which collectively account for over half of global caloric intake