Another rout of stock exchange – China

The rout resumed on China’s two main stock exchanges on Mondaywhen the Shanghai index sank by 8.5%, the second biggest fall in its history, while the Shenzhen composite was back 7%. The news will be a blow to Chinese authorities who have directly intervened in a bid to prop up the share market.

Goldman Sachs improves outlook on Agco and Deere – US

Goldman Sachs has upgraded its rating on shares in Deere & Co, the maker of John Deere machinery, and Agco, the company behind Fendt, Massey Ferguson and Valtra, from “sell” to “neutral”. The bank said that farm machinery makers were maintaining surprisingly strong margins despite a weak sales environment that is likely to continue.

Uruguay

Uruguay exported almost one billion dollars of meat since the start of this year, of which 83% was beef according to the Meats institute, Inac. The EU is a primary destination for the grass-fed beef along with the US and Japan. To compensate for the sale of top prime beef, Uruguay is importing Brazilian beef for its domestic market.

Britain

Pork sales in Britain are continuing to drop in both volume and value terms, according to Kantar Worldpanel data. In the 12 weeks ending 21 June 2015, compared with the same period a year ago, value sales overall were down 9%, while volume sales were down 4%.