Global Food and Agriculture Market Faces New Pressures Amid Record Diesel Costs

The global food and agriculture market is facing new pressures due to energy markets, supply constraints, and shifting trade dynamics. Expana's analysts warn that higher oil prices are accelerating biofuel mandates and tightening global food supplies. Record corn use for ethanol and biofuels has led to a significant increase in oilseed acreage growth.

In other news, the US is facing record-high diesel costs, which are hitting farmers at the most fuel-intensive time of the year, harvest. The American Farm Bureau Federation President, Zippy Duvall, called on President Trump to take several steps to lower prices at the pump, including a temporary suspension of the federal highway diesel tax.

NestFresh, a leading humane egg producer in the US, has reached a major milestone in its Humanely Hatched™ program: 1.2 million chicks have been successfully hatched using in-ovo sexing technology, sparing 1.2 million male chicks from being euthanized after birth.