Fertilizer & food inflation watch: U.S. urea prices have fallen 36% from April peaks to about $453/ton in New Orleans, easing pressure on farmers, but analysts warn El Niño-linked drought risk could still lift food costs. Middle East trade risk: An initial U.S.-Iran ceasefire extension is edging toward formal signing, but uncertainty around nuclear issues and regional fighting keeps pressure on fuel and food prices. UK grocery pricing: Waitrose raised its meal deal by 10% to £5.50, while demand for unhomogenised organic whole milk is driving new processing capacity. Cold-chain investment in Africa: Solar-powered, pay-per-use cold storage is helping smallholders cut spoilage and reach European supermarkets. Food safety & regulation: India’s FSSAI issued notices over misleading “healthy” and “organic/zero maida” claims, while NHRC opened an inquiry after a child’s death allegedly linked to stray dog attacks in Punjab. Supply chain security: A UK study finds 82% of firms saw supplier-related cyber incidents in the past year, with most still struggling to map exposure fast. Protein crunch: Food-grade whey protein shortages are pushing prices higher as demand spreads from supplements into mainstream foods. Labor policy: Hong Kong tightened ESLS rules, with the food and beverage services sector moving to a stricter 3:1 local-to-imported worker ratio.