Commodities Focus

Global wheat prices have been rising since the Middle East war began in late February. Geopolitical tensions, higher fertilizer costs, and mounting weather risks in North America, and a potential El Niño in Australia are all in focus. At the same time, Black Sea new-crop wheat is competing with Australian origin in Asia, while strong crop prospects in the Middle East and North Africa are reshaping expectations for trade flows and demand.
Join Maham Quadri, associate price reporter, North America, Vivien Tang, senior price reporter covering APAC, and Vivian Iroanya, senior price reporter for Europe, Middle East & Africa, as they talk to Pierre Cera-Huelva, global wheat analyst and head of EU crops research, to discuss how demand and trade flows will adjust in the months ahead.

Copper TC/RCs have plunged 89% since January, hitting record lows as concentrate supply tightens and demand stays firm. At the same time, the Middle East war has driven sulfuric acid prices – an important by-product for copper production - up 156% since mid-March, supporting copper smelters to maintain production, and exposing copper's growing vulnerability to geopolitical shocks.
Join Ruilin Wang, associate director of nonferrous market, Yuya Pan, senior principal analyst of sulphur & phosphate raw materials at S&P Global CERA, Lu Han, senior editor of nonferrous, and Mok YuenCheng, senior manager at S&P Global Energy, in a discussion on the evolving copper and sulphur markets.

Global beef prices are rising, with multiple record highs recorded for beef from Australia and Brazil, as well as in the US lean trimmings import market during the first quarter. Although strong US demand has supported the market, the global beef industry is facing challenges related to quotas and geopolitical risks. In this podcast, we will shed light on the increasing risks affecting the beef trade.

Join S&P Global Energy's Edward Low and Chow Yuh Nien, price reporters for agriculture and food pricing, along with Jack Mullumby, senior principal analyst for APAC proteins, as they discuss the robust global beef prices and the emerging risks to international trade.

The Indian solar market has grown considerably over the past decade as the country continues to invest in its module and cell manufacturing capacities. However, the recent imposition of additional duties by the country's largest export market – the US – has restricted India's export opportunities. In response, the Indian solar industry is increasingly redirecting their efforts towards the domestic market, while simultaneously exploring new international prospects.
Join Lena Dias Martins, associate price reporter at S&P Global Energy, price reporter Srija Basu Roy, associate price reporter Aditya Saroha and Jessica Jin principal analyst of clean technologies and supply chains at S&P Global Horizons in a discussion on the evolving Indian solar market.

With one of the world's largest shares of renewables in its energy generation mix, Brazil offers opportunities for companies in the country seeking to reduce their emissions. In this episode, we discuss how the country has developed a large supply of International Renewable Energy Certificates, or I-RECs, and which challenges came with it. 
Join Felipe Peroni, associate price reporter at S&P Global Energy, Fernando Lopes, director of Totum Institute, and Vittoria Morini, Americas Renewables Manager at S&P Global Energy, in a discussion about the Brazilian energy transition.