Market Flash

On June 10, 2025, Health Canada released consultation document PRVD2025-06, initiating a reevaluation of potassium bicarbonate and its end-use products by the Pest Management Regulatory Agency (PMRA).

Italy’s Eni Group and Argentina’s YPF have signed an agreement to advance the Argentina LNG (ARGLNG) project, aiming to position the country as a global LNG exporter.

On June 7, 2025, Maoming Binhai New Area signed a deal with Guangdong Qise Cai New Materials Co., Ltd. to establish a specialty coatings production base in the Maoming Zero Carbon Industrial Park.

India’s Ministry of Finance announced the imposition of five-year anti-dumping duties on Vitamin A Palmitate originating from China, Switzerland, and the EU, following a positive final ruling by the Ministry of Commerce and Industry on March 10, 2025.

On June 6, 2025, Europe’s leading supplier of soft polyurethane foam solutions, Vita Group, unveiled its 2024 Sustainability Report, highlighting groundbreaking achievements during its 75th anniversary year.

On June 5, 2025, Petronas CEO Tengku Muhammad Taufik confirmed that the company will cut its workforce by 10%, affecting approximately 5,000 employees from its 50,000-strong team.

With China's shipbuilding industry surpassing 100 billion yuan in market value, Nippon Paint (Jiangsu) Co., Ltd. is investing 20 million yuan to build a 23,040-ton epoxy ship paint production line in Changshu.

On June 5, 2025, the European Food Safety Authority (EFSA) published a scientific opinion confirming that the copper(II)-betaine complex is an effective nutritional feed additive for all animal species.

On June 6, 2025, the European Food Safety Authority (EFSA) published a scientific opinion on the use of tartrazine as a feed additive for freshwater fish baits.

According to the EU RASFF notification for Week 23 of 2025, eight cases involving Chinese food and related products were flagged for violations, ranging from unauthorized substances to excessive toxin levels.

China has agreed to lift its two-year-long ban on Japanese seafood imports, a decision linked to Japan’s release of treated wastewater from the Fukushima Daiichi nuclear plant.

The approaching July 9 deadline for US reciprocal tariff negotiations has heightened market uncertainty, as tuna raw material prices continue to fall in key markets like Bangkok and Manta.

The July soybean contract on CBOT closed at $10.5725 per bushel, up 1.5% from the previous week, while Gulf soybean prices for June shipments rose 1.6% to $11.2575 per bushel.

The food innovation landscape in Australia and New Zealand (ANZ) is evolving rapidly, with the region becoming a global focal point for novel food approvals.

China’s factory-gate prices plunged in May, marking the sharpest deflation in 22 months as mounting economic headwinds weigh on industrial activity.

China's export growth slowed significantly in May, reflecting mounting pressure from global demand declines and escalating tariff impacts.

Key trade discussions between the United States and China are set to take place in London on Monday, marking a critical moment in the ongoing efforts to stabilize relations between the two global powers.

China's soybean imports surged in May, showing a significant rise compared to April, signaling stronger demand for the world's largest soybean importer.

The Spanish-based Perfumes and Design company (PyD) has signed an agreement with EuroItalia to support the distribution of fragrance brands Versace, Moschino, Michael Kors and Dsquared2 in selected channels in Spain and Andorra

• PyD
• EuroItalia

Lotte Chemical and HD Hyundai are in talks to merge the assets of the Naphtha Cracking Center (NCC) in Daesan, South Chungcheong Province, South Korea,

• Lotte chemical
• HD Hyundai Chemical