Beef: meat from cattle; global staple with health and environmental trade-offs.
A new wave of measures aims to curb forest loss by linking cattle tracing, land ownership, and deforestation monitoring. Brazil and Colombia are advancing systems to track cattle and publicize ownership, targeting supply chains tied to forest clearing. The changes seek to improve oversight, close loopholes, and align with international market demands.
Inflation has eased modestly in May, with headline CPI slowing in several countries. In South Africa, inflation rose modestly due to higher fuel prices, while food inflation continues to subside. Across nations Nigeria and Malawi also show mixed patterns in food and non-food prices, reflecting uneven price pressures.
Inflation has held steady at 2.8% in May, the same as April, with transport costs (air fares, petrol) and taxes offset by slower food price rises. Petrol and fuel costs rise; airfares surge due to Easter timing, while food and heating costs ease. The Bank of England faces decisions as rate prospects remain uncertain.
Canada has launched a C$3.2 billion plan over ten years to increase competition in the grocery sector, expand domestic processing, and boost year-round fruit and vegetable production in response to high grocery prices.
Brazil's deforestation rate has fallen by half in Lula's first year back in office, with 1,295 sq km cleared from January to June, the lowest since 2016. Lula defers to his government on zero-deforestation targets while facing criticisms over oil exploration near the Amazon mouth and shifting U.S. tariffs amid a tight election race.
Grocery volumes have declined while prices stay elevated, signaling that higher costs are shifting consumer behavior. Retailers and manufacturers are using promotions and value-focused tactics to regain unit growth, with Bain’s data showing volume declines despite inflation aiding sales in the sector.
The United States has set 10% to 12.5% tariffs on imports from 60 countries accounting for 99% of U.S. imports, arguing that they fail to enforce bans on goods made with forced labour. The tariffs take effect as prior global levies expire, with India and others qualifying for lower rates after tightening enforcement.
The United States has launched durable 10%–12.5% tariffs on imports from 60 economies, arguing they fail to enforce bans on goods produced with forced labor. The move takes effect as temporary levies expire, with exemptions for certain products and countries meeting compliance. Analysts warn prices could rise for consumers amid ongoing debates over trade policy.
A coalition of 25 US states has filed suit in the US Court of International Trade to stop 10–12.5% tariffs that took effect in July on goods from about 60 trading partners. Plaintiffs say the administration has used forced‑labour claims to recreate broad levies courts have already struck down; the White House says the duties are lawful under Section 301.
The United States has expanded tariffs on imports from more than 60 partners, citing forced-labor concerns. Israel faces a 12.5% duty on exports, with other allies facing 10% tariffs. Governments and exporters warn of economic disruption and potential shifts in trade patterns.