Argentina looks set to increase its wheat and maize exports next season after the elimination of grain export taxes. The country will export 10.5m tonnes of wheat, the highest volume since 2011, while its maize shipments are expected to hit a record 28m tonnes, a 1.5m tonne year-on-year rise.

Want Want China Holdings, a Chinese processed-foods company, is expanding into the niche market for soy and plant-based milk products, as Chinese families begin to spend more for healthy food options. The move highlights the ongoing competition for growth among dairy processors in the $55.2bn Chinese dairy market.