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- Chinese pig producer Muyuan posts 9.3 billion yuan loss as prices fall below costs Chinese pig producer Muyuan Foods reported a 9.319 billion yuan net loss for January to September 2026, as hog prices fell below its production costs. Its September selling price of 10.36 yuan/kg, against costs slightly below 11.5 yuan/kg, was down 19.57% year on year. Price weakness is not confined to China: EU prices for the leanest pig carcasses fell 12.6% year on year, the European Commission reported on 29 October. Separately, in the US,
- Michoacán avocado strike could cut US-bound shipments to 600 containers this week Small growers in Michoacán, Mexico, have halted avocado harvesting in parts of the state, seeking up to 45 pesos per kilogram, EL PAÍS reported. Valentín Rodríguez, manager of the packer Avocados Don Goyo, told the newspaper US-bound shipments could fall to about 600 containers this week from up to 1,100. A meeting with the exporters' association APEAM on Wednesday 28 October ended without agreement and growers kept harvesting halted, with a further
- India's 11% cotton import duty waiver expires October 31, with no extension confirmed India's 11% duty exemption on raw-cotton imports expires on October 31, as trade estimates put the 2026/27 crop below 29 million bales, down 12-18% after a deficient monsoon. A government source told Moneycontrol an extension to December is likely, but no decision has been taken. The Southern India Mills' Association (SIMA) expects 2026/27 demand above 36 million bales and says output may fall below 28 million bales. In Telangana's Adilabad
- USDA corrects September corn yields for Nebraska and Kansas but keeps its October forecast The U.S. Department of Agriculture (USDA) corrected September corn yield estimates for Kansas and Nebraska after its National Agricultural Statistics Service (NASS) used incorrect acreage weights to combine irrigated and non-irrigated yield observations. Nebraska's yield rose 5 bushels per acre to 182, Kansas's fell 3 and the national September average rose to 178.8. USDA left its 9 October forecast of 181.2 bushels per acre and a crop
- What we're watching in agrifood markets this week: interest-rate decisions in the US, Canada and Egypt, and the US tariff changes on Canadian goods. Tuesday, October 27: The Fed meets October 27-28. September's 3.7% inflation reading will likely add pressure on the Fed to lift its key interest rate at the meeting. Wednesday, October 28: The Bank of Canada sets its policy rate; a Reuters poll found 19 of 34 economists expect a quarter-point rise to 2.50%, the first increase in three years. RBC Economics notes that policymakers
- Chicago soybean futures fall as much as 1.7% after Lula wins Brazil's presidential runoff Chicago Board of Trade soybean futures hit a two-month low after Luiz Inácio Lula da Silva won Brazil's presidential runoff, which traders read as pointing to closer Brazil-China trade ties, The Economic Times reported. The most-actively traded contract fell as much as 1.7%, to its lowest since August 26. The fall followed a week in which China accounted for most US soybean net sales, according to US Department of Agriculture (USDA) data:
- US Halloween shoppers shift to small candy bags as sales fall 6.7% US Halloween candy sales fell 6.7% year on year in the month to October 17, with only small bags growing and large and extra-large bags falling most, market research firm NielsenIQ reported. NielsenIQ's Chris Costagli said high fuel costs were dampening demand; US regular gasoline was nearly 40% above a year earlier, the Associated Press reported. Candy and gum prices rose 44% in five years to September, versus 22.5% for food eaten at home, US government data show.
- US ends 50% Canada tariffs on some packaging but imposes tariffs on cocoa powder from October 30 The White House will lift 50% duties on some Canadian packaging, refrigeration and farm sorting machinery from October 30, while adding cocoa powder and other goods to the list. President Donald Trump signed the proclamation on October 23. Sen. Susan Collins (R-Maine), who faces a close re-election race, said the nine exempted categories cover equipment and packaging that Maine blueberry, potato, apple and seaweed producers use. KPMG
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