India, as the largest world beef exporter, is expecting to export less in the future because of fewer male buffaloes and growth in the dairy herd. Infrastructure has reacted to growth in exports and production. In 2012, there were 37 approved plants, whereas now there are 53.

The UK’s online grocery market is the second-largest in the world after China, with sales in excess of £9.5bn every year. Three out of 10 Britons have purchased groceries online in the past month, according to a recent survey. The online market in the UK is forecast to reach £17.2bn in sales by 2020.

Last week, Russian president Vladimir Putin extended Russia’s ban on imported foods and agricultural products from the US, Canada, Australia, Norway and the EU until August 2016. The value of European food exports to Russia before the ban was around €11bn, roughly 10% of all EU food sales outside the bloc.

The latest data from the USDA indicate that US domestic stockpiles of corn and soya are less than expected. The data also show that corn and soyabean plantings are back this year, sending corn futures soaring by more than 6% to $4.06/bushel and a 5% increase in soyabean futures to $1,057/bushel.