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Australia’s key commodities highlights and economic influences for this month. The full report covers the developments to watch in the upcoming weeks.
Here are the main highlights for some of New Zealand’s key commodities this month. The full report covers the developments to watch in the upcoming weeks.
Short-term price support from China's tariffs on US almonds has boosted Australian export revenues to record levels in 2024/25, but this concentration has heightened market exposure to trade policy volatility. Longer term, the Australian almond industry's competitiveness will depend on maintaining a competitive cost base, including a favourable exchange rate, and water availability.
Almonds remain well positioned to meet growing demand for healthy tree nuts, yet scaling production will require further strategic investment in replanting and orchard development. Sustained growth will also depend on proactive market development, coupled with innovation and marketing, to boost domestic consumption and diversify export markets.
Brazil, the world’s top arabica grower and second-largest robusta producer, is witnessing a quiet revolution: once-dismissed robusta is rapidly shedding its “cheap filler” image and emerging as a premium specialty coffee in its own right. In trendy São Paulo cafés, baristas now proudly serve 100 % robusta espressos — creamy, chocolatey, low-acid shots that deliberately flaunt the label “0 % Arabica”. Farmers in Espírito Santo state are investing heavily in modern drying, careful sorting and quality-focused post-harvest techniques, pushing specialty robusta output from 10 000 to a targeted 1.5 million bags by 2032. The shift is driven by climate pressure — over 75 % of Brazil’s best arabica land could become unsuitable by 2050 — and by soaring global demand. Specialty robusta prices have more than doubled since 2021, while the Specialty Coffee Association has rewritten its standards and flavour lexicon to embrace fine robusta on equal footing. Roasters worldwide are openly increasing robusta percentages in blends for cost, consistency and new taste profiles (fuller body, cocoa notes, pronounced bitterness), and consumers, especially in Brazil and Southeast Asia, are embracing it. The message is clear: robusta is no longer the poor cousin. With quality leaping forward, it is becoming a deliberate, celebrated choice — and a vital hedge as climate change reshapes coffee’s future.
World Farming Agriculture and Commodity news - Short update 1st December 2025
The FAO Food Price Index, which tracks a basket of globally traded food commodities, averaged 125.1 points in November, down from a revised 126.6 in October and the lowest since January.
The November average was also 2.1% below the year-earlier level and 21.9% down from a peak in March 2022 following Russia's full-scale invasion of Ukraine, the FAO said.
The agency's sugar price reference fell 5.9% from October to its lowest since December 2020, pressured by ample global supply expectations, while the dairy price index dropped 3.1% in a fifth consecutive monthly decline, reflecting increased milk production and export supplies.
Vegetable oil prices fell 2.6% to a five-month low, as declines for most products including palm oil outweighed strength in soyoil.
Meat prices declined 0.8%, with pork and poultry leading the decrease, while beef quotations stabilised as the removal of US tariffs on beef imports tempered recent strength, the FAO said.
In contrast, the FAO's cereal price benchmark rose 1.8% month-on-month. Wheat prices increased due to potential demand from China and geopolitical tensions in the Black Sea region, while maize prices were supported by demand for Brazilian exports and reports of weather disruption to field work in South America.
In a separate cereal supply and demand report, the FAO raised its global cereal production forecast for 2025 to a record 3.003 billion metric tons, compared with 2.990 billion tons projected last month, mainly due to increased wheat output estimates.
Forecast world cereal stocks at the end of the 2025/26 season were also revised up to a record 925.5 million tons, reflecting expectations of expanded wheat stocks in China and India as well as higher coarse grain stocks in exporting countries, the FAO said.
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