Celia Bergin

Scorching temperatures are hurting the European Union’s corn crops, putting the bloc on track for its largest imports in three seasons.

At the Mamiche bakeries in the 9th and 10th arrondissements of Paris, their famous pains au chocolat and croissants depend on an essential but increasingly scarce ingredient — butter.

Wheat futures in Chicago fell the most in three weeks as improving production prospects globally put pressure on the market, even with signs of healthy demand.

Global meat prices hit a fresh record in August as strong American and Chinese demand for beef continued to fuel a monthslong rally at a time when global cattle supplies have been dwindling.

Beijing imposes tariffs up to 62.4% on European pork, escalating trade tensions amid domestic over supply.

Ukrainian and European sunflower oil prices have jumped as forecasters expect low yields in the country and limited production across the continent, following a hot, dry summer that hampered crop development.

Cocoa futures posted a fresh ten-month low as traders expect new farm-gate prices will encourage sales and boost crop supplies.

Global meat prices hit a fresh record high in September — in the longest run of monthly gains since 2021 — as shrinking US cattle herds are unable to keep up with strong demand for beef.

Prolonged dry weather across much of Europe, along with predictions of inconsistent rain, have thrown anticipated grain harvests for this year into doubt