Italy news — Vesper

Europe enters winter with gas storage 16 points below normal

European gas storage sits at 68% against an 84% seasonal average, TTF is at three-year highs and the ECB has hiked again. What that means into winter.

Europe's beet crop drought pushes buyers toward imports

Drought has left Europe's beet crop unrecoverable in places, and Vesper estimates the EU and UK may need 3.4 million tonnes of sugar imports this season.

Vegetable oils hold steady while Brent slips and Europe overheats

Vegetable oils held firm even as Brent slipped to $73. Palm oil rose on strong Malaysian exports, while a heatwave trimmed the EU rapeseed crop outlook.

Nordic Sugar to close Porkalla refinery, first EU standalone closure since end of quotas

Nordic Sugar will close its standalone refinery at Porkalla, Finland and move raw sugar refining to its beet factory, the first such EU closure since quotas.

US egg prices fall below production cost while Europe stays tight

The post-Easter egg market is moving two ways: US supply has rebuilt strongly with no new HPAI cases in laying flocks, while Europe stays tight.

Wheat and corn prices fall on lower crude and higher supply estimates

Euronext milling wheat dropped to EUR 194/mt from EUR 205/mt and French wheat flour to EUR 309/mt, after a broadly bearish April WASDE report.

Olive oil market forecast 2026: production normalises after two volatile seasons, prices expected to hold broadly stable

Extra virgin olive oil peaked near EUR 5,000/mt EXW Spain in November 2025, fell to EUR 4,300/mt in January and has since recovered to about EUR 4,600/mt.

Tomato paste market forecast 2026: Q2 expected stable, but California and energy risks loom for H2

Tomato paste prices are expected to soften modestly in Q2 2026 from firm early-year levels, with the market adequately supplied and not chasing volume.

High EU sugar stocks keep market under pressure

EU sugar stocks have reached their highest level for this point in three years as the beet campaign ends, keeping the market under sustained pressure.

India's soybean oil duty cut set to reshape vegetable oil import dynamics

India's planned reduction in soybean oil import duties under US trade agreement expected to reshape procurement patterns and intensify competition across palm,

European sugar producers face mounting losses as Süedzucker reports €136 million deficit

Süedzucker posted a €136 million operating loss in its sugar division against €23 million a year earlier, while Nordzucker recorded a €56 million loss.

Südzucker takes radical position with 15-25% beet reduction

Südzucker has announced beet reductions of 15 to 25% from its farmers and subsidiaries, a far more radical step than competitors including Tereos have taken.

European sugar processors announce 2026 acreage cuts following stock accumulation

European processors have announced larger-than-expected 2026 acreage cuts on high stocks, while Brazilian mills wrap up early with 120 units finished.

European sugar producers face break-even crisis with prices at €450

European sugar has fallen to €450 ex-factory beet belt on a bulk basis, pushing producers toward break-even after sharp declines in New York 11 futures.

European sugar prices decline over 20% since May

European sugar prices have fallen over 20% since May to €475/tonne as exceptional harvest yields and evolving market dynamics reshape pricing

Global cheese prices slip as summer demand weakens across Europe and US markets

Global cheese markets soften as European summer holidays reduce demand while production remains steady - cheddar, gouda, mozzarella, emmental

What a 50% US tariff could mean for Brazilian orange juice, coffee, and beef trade

US President Donald Trump’s threat to impose a 50% tax on all Brazilian exports could significantly affect global supply and pricing.

August 1 dairy tariffs set to reshape US import markets as European butter hits €7,000

With August 1 approaching, dairy tariff increases are building market tension as European butter reaches €7,000/mt and US whey faces export uncertainty.

Global biodiesel markets brace for impact as Trump imposes sweeping tariffs

New Trump tariffs of up to 54% on China trigger 44% retaliatory tax on US soybeans while threatening 2.5MMT of UCO imports.

Olive Oil Price Forecasts: Market Shifts as Stocks Deplete in Italy and Spain

Italian olive oil stocks are running low, prompting increased imports from Spain to meet demand. Discover the impact on olive oil prices.

European biodiesel prices are strengthening due to strong LSGO prices

Rising LSGO demand, geopolitical tensions, and potential Dutch HBE ticket policy changes are driving up European biodiesel prices, Vesper reports.

Germany allows HVO100 and B10 sales at gas stations, driving ARA biodiesels up

RME, UCOME, FAME 0, and HVO (UCO) prices have all soared in West-EU markets in response to Germany's B10 and HVO100 pump sales policy change.

Increased EU-28 sugar imports from Ukraine due to competitive prices

Discover how competitive prices are boosting EU-28 sugar imports from Ukraine. Vesper provides insights for your trading adjustments.

Big differences are starting to occur between European countries

EU28 milk production rose 0.98% year on year, but growth rates differ substantially between individual European countries. Where the gaps are widest.

Historical high sugar prices push buyers to source outside Europe

White sugar prices soar to historic highs in the EU, driven by shortages and rising energy costs, averaging 1,199 EUR/MT at the negotiation period.

Italy: Latte Trento give up fresh milk production

Latte Trento says it no longer has enough raw milk to produce fresh drinking milk or Trentingrana, after warning about energy costs and shortages since January.

Italy: 25% of dairy farms at risk

War in Ukraine and inflation will cost Italian dairy farms an average of €90,129, with production costs up 111% in the first half of 2022 against 2020.

EU: July milk production – signs of recovery

EU July milk production was down 0.5% year on year but up 0.4% on the month, with Poland up 5.8%, Belgium 4.2%, the Netherlands 3.5% and Ireland 1.0%.

EU: May Milk Production Up 0.8%

EU-27 May milk production rose 0.8%, with Ireland up 4.0%, Italy 2.5%, Belgium 2.3%, and Poland and Spain both 1.8%, while France fell 1.6% on the year.