European sugar output plunges toward a 38-year low amid severe drought while West African cocoa faces late-year port gridlock ahead of EU deforestation deadlines. In energy, Brent crude holds near $90 per barrel six months into the US-Iran stalemate, driving a 4% increase in UK retail power caps as the US accelerates Arctic exploration permits. Meanwhile, 70 bulk carriers bottleneck along the Danube grain corridor, diverting Egyptian wheat demand to French ports, while mining majors accelerate off-grid power investments and South32 delivers a 55% earnings jump.


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