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Market Insights

Record Trade Expected on Export Policy Shifts

42.5Mt

India resumes exports amid strong Asian demand, pushing global rice trade to historical highs. Thailand and Vietnam benefit from premium pricing as quality concerns over Indian rice persist. Bangladesh and Philippines lead import surge, with African countries also increasing purchases due to local production gaps. Read full analysis →


Soybean Stocks Reach 5-Year High

-12%

Brazil harvest reaches 169 Mt, creating global oversupply pressure. Argentina's recovery from drought adds to South American surplus, while US farmers reduce plantings in response to lower prices. China's strategic reserve building provides floor to prices, but processing margins remain compressed globally. Read full analysis →

Vegetable oil price index at its highest level since 2022

+5.9%

In April 2026, all three FAO oilcrops price indices continued to strengthen. The oilseed and oilmeal indices increased by 3.1 and 3.9 points (2.6 and 4.1 percent), respectively, from the previous month, remaining above their year-earlier levels by 9.1 and 12.7 percent. Meanwhile, the vegetable oil price index rose sharply, gaining 10.9 points (5.9 percent) month on month to reach its highest level since July 2022.

Butter Prices Hit Historic Records

$7,125/t

EU production down 2.3% drives prices to unprecedented levels as heat stress affects milk yields. New Zealand's seasonal decline coincides with strong Asian demand, particularly from China's food service recovery. Cheese and powder markets remain relatively stable, creating unusual dairy market dynamics. Read full analysis →

Global Market Outlook

FAO has raised its latest 2025 production forecast for most major cereals this month, further strengthening indications of a generally favourable supply situation in 2025/26. Global cereal production is now pegged at 3 040 million tonnes, representing an increase of 6.0 percent compared to the previous year.

Top 10 Countries

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