World Farming Agriculture and Commodity news - Short update  24th November 2025

World Farming Agriculture and Commodity news - Short update 24th November 2025

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Mexico’s sugar sector enters the 2025/26 cycle facing the challenge of maintaining market balance after two years of weak production and high inventories. Although the industry managed to reduce part of its surplus by the end of the 2024/25 season, the prolonged period of elevated stocks had already placed significant downward pressure on domestic prices and producer margins.

For the new cycle, key risks include higher sugar production, stagnant domestic consumption, weaker exports to the US, and persistently low global prices. Additional fiscal measures and public health campaigns may further dampen demand.A notable policy shift is the imposition of steep tariffs on sugar imports: as of 10 November 2025, Mexico introduced tariffs of 156% on most types of sugar and over 210% on refined liquid sugar, replacing the previous fixed tariff of approximately USD 360 per metric ton. This new regime is expected to curb imports and provide support for domestic prices.Beyond market fundamentals, strategic behaviour among producers and traders plays a crucial role in price formation, often leading to competitive dynamics that can drive prices down.While the recovery in cane yields is positive, structural issues such as flat consumption, high costs, and limited export competitiveness continue to constrain profitability. Diversification into energy and ethanol remains economically unviable under current conditions, so near-term stability will depend on keeping inventories close to 1 million metric tons.

Vitamin D3 (cholecalciferol) is essential for food-producing animals, regulating calcium and phosphorus homeostasis, supporting bone mineralization, muscle development, and immune function. Deficiency causes rickets, stunted growth, weight loss, and high mortality in monogastrics.Modern indoor farming eliminates natural skin synthesis via sunlight, making dietary vitamin D3 the only reliable source. After absorption with fats and bile salts, cholecalciferol is stored mainly in adipose tissue in its inactive form. It undergoes two sequential hydroxylations:
  1. Liver → 25-hydroxy-cholecalciferol (calcifediol, 25-OH-D3) – the main circulating and transport form, reflecting vitamin D status.
  2. Kidney → 1,25-dihydroxy-cholecalciferol (calcitriol, 1,25-(OH)₂-D3) – the active hormonal form, tightly regulated by parathyroid hormone, plasma Ca/P levels, and feedback inhibition.
Alternative metabolites exist (e.g., 24,25-(OH)₂-D3 and 1,24,25-trihydroxy-D3), with emerging evidence that 24,25-(OH)₂-D3 may support bone integrity and fracture healing.Both over- and under-supply of vitamin D3 can cause serious clinical issues, so precise supplementation – whether as cholecalciferol, calcifediol, or calcitriol – is critical for animal health and performance. This series reviews the metabolism and compares the efficacy and safety of these different vitamin D3 sources in animal nutrition.


Two kings stand on opposite sides of the global chessboard, fighting for influence. They eye each other pointedly, and the pawns feel the tension. Instead of moving one step at a time in a prescribed, discrete manner, these kings behave more like knights, free-spirited, jumping over geographies and conventions, and attacking many squares across the board. Their movements are anything but predictable. Sometimes they seem to be part of a well-crafted master plan. At other times, they seem to lack coordination. Indeed, it is hard to move a piece with one hand while the other is rewriting the rules of the game.

The world is now a battlefield between two spheres of influence: the US and China. This power struggle includes wars like those in Ukraine and the Middle East and economic statecraft like tariffs, subsidies, and key export restrictions. Though this may seem obvious to anyone who reads a newspaper today, RaboResearch has been writing about a fragmented world for almost a decade (special credit to our global strategist Michael Every). Whereas agricultural outlooks written four years ago focused on supply and demand as their starting point, in the current climate, we must begin with geopolitics.

Mexico’s chicken meat production in 2026 is forecast to increase two percent to 4.2 million metric tons, extending the growth seen in 2025, according to a recent USDA FAS market report. Domestic demand for chicken meat and improved production practices are expected to support this expansion.

Investments in biosecurity and better production methods in 2025 significantly reduced hatchling mortality, a trend expected to continue into 2026. Disease prevention and control at production sites will remain central to achieving higher output.

Vertically integrated operations with more than 100,000 birds account for over 75% of Mexican poultry production and are expected to remain more resilient to volatility in input costs such as fuel and feed. This trend has continued, with large companies increasingly controlling more of the supply chain.

Mexico’s chicken meat production in 2026 is forecast to increase two percent to 4.2 million metric tons, extending the growth seen in 2025, according to a recent USDA FAS market report. Domestic demand for chicken meat and improved production practices are expected to support this expansion.

Investments in biosecurity and better production methods in 2025 significantly reduced hatchling mortality, a trend expected to continue into 2026. Disease prevention and control at production sites will remain central to achieving higher output.

Vertically integrated operations with more than 100,000 birds account for over 75% of Mexican poultry production and are expected to remain more resilient to volatility in input costs such as fuel and feed. This trend has continued, with large companies increasingly controlling more of the supply chain.

World Farming Agriculture and Commodity news - Short update 17th November 2025

Brazil’s Ministry of Agriculture has opened the entire Tanzanian market (previously limited to Zanzibar) to Brazilian poultry meat, pork, fertile eggs, day-old chicks, and other agri-products. Tanzania, Sub-Saharan Africa’s fourth-most populous nation (70 million people, projected to reach 140 million by 2050), has a fast-growing tourism and hospitality sector (17% of GDP) that drives strong out-of-home protein demand.In 2024, Tanzania imported 8,000 tonnes of chicken — 70% already from Brazil — and only ~100 tonnes of pork (mostly from Kenya and the EU). With nationwide access now granted, Brazilian exporters expect significant volume growth, especially in poultry and pork, capitalising on Tanzania’s rising population, urbanisation, and low current per-capita protein consumption (e.g., ~2 kg chicken/person/year).The Brazilian Association of Animal Protein (ABPA) hailed the move as a vote of confidence in Brazil’s quality and sanitary standards, further strengthening its footprint across Africa.

 

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Rice 3.44% 10.38 USD
Natural Gas (Henry Hub) 2.37% 4.58 USD
Lumber 0.93% 543.00 USD
Sugar 0.82% 0.15 USD
Soybean Meal 0.57% 315.80 USD
 
Commodity Prices
 
Precious Metals Price % +/- Unit Date
Gold
4,065.89
%
USD per Troy Ounce
11/22/2025
Palladium
1,380.00
%
USD per Troy Ounce
11/22/2025
Platinum
1,517.00
%
USD per Troy Ounce
11/22/2025
Silver
50.04
%
USD per Troy Ounce
11/22/2025
Energy Price % +/- Unit Date
Natural Gas (Henry Hub)
4.58
2.37%
0.11
USD per MMBtu
11/21/2025
Heating Oil
64.99
-2.77%
-1.85
USD per 100 Liter
11/21/2025
Coal
95.30
-0.83%
-0.80
per Ton
11/21/2025
RBOB Gasoline
1.88
-1.82%
-0.04
per Gallone
11/21/2025
Oil (Brent)
62.56
-1.00%
-0.63
USD per Barrel
11/21/2025
Oil (WTI)
58.06
-1.59%
-0.94
USD per Barrel
11/21/2025
 
Industrial Metals Price % +/- Unit Date
Aluminium
2,786.00
-1.00%
-28.00
USD per Ton
11/21/2025
Lead
1,977.00
-0.80%
-16.00
USD per Ton
11/21/2025
Copper
10,685.50
-0.96%
-103.50
USD per Ton
11/21/2025
Nickel
14,280.00
-0.63%
-90.00
USD per Ton
11/21/2025
Zinc
3,119.00
-0.67%
-21.00
USD per Ton
11/21/2025
Tin
36,875.00
-1.40%
-525.00
USD per Ton
11/21/2025
 
Agriculture Price % +/- Unit Date
Cotton
0.61
-0.54%
USc per lb.
11/21/2025
Oats
3.06
-0.08%
USc per Bushel
11/21/2025
Lumber
543.00
0.93%
5.00
per 1.000 board feet
11/21/2025
Coffee
4.00
-1.60%
-0.07
USc per lb.
11/21/2025
Cocoa
3,782.00
-2.22%
-86.00
GBP per Ton
11/21/2025
Live Cattle
2.14
-0.22%
USD per lb.
11/21/2025
Lean Hog
0.78
-2.30%
-0.02
USc per lb.
11/21/2025
Corn
4.26
-0.18%
-0.01
USc per Bushel
11/21/2025
Feeder Cattle
3.14
-7.74%
-0.26
USc per lb.
11/21/2025
Milk
17.17
-0.23%
-0.04
USD per cwt.sh.
11/21/2025
Orange Juice
1.42
-6.50%
-0.10
USc per lb.
11/21/2025
Palm Oil
4,050.00
-1.51%
-62.00
Ringgit per Ton
11/21/2025
Rapeseed
479.00
-1.08%
-5.25
EUR per Ton
11/21/2025
Rice
10.38
3.44%
0.35
per cwt.
11/21/2025
Soybean Meal
315.80
0.57%
1.80
USD per Ton
11/21/2025
Soybeans
11.27
0.36%
0.04
USc per Bushel
11/21/2025
Soybean Oil
0.50
-0.75%
USD per lb.
11/21/2025
Wheat
189.75
0.26%
0.50
USc per Ton
11/21/2025
Sugar
0.15
0.82%
USc per lb.
11/21/2025