ING’s Global Head of Macro Carsten Brzeski warns that recurring European heatwaves are becoming a structural drag on Eurozone growth. He cites academic and ECB research showing measurable losses in output and higher food inflation linked to extreme temperatures.
Nutrien to Indefinitely Shut Trinidad Nitrogen Operations at Point Lisas
Nutrien Ltd. announced it will indefinitely shut down its Trinidad Nitrogen operations at the Point Lisas Facility following an extensive review of strategic alternatives and engagement with relevant stakeholders. The company said ongoing natural gas constraints and uncertainty made the closure the optimal path to enhance free cash flow and return on invested capital. Nutrien had previously implemented a controlled shutdown of the facility on October 23, 2025, in response to port access restrictions and a lack of reliable and economic natural gas supply that reduced the free cash flow contribution of the Trinidad Nitrogen operations over an extended period. Dean Perkins, Senior Vice President, Upstream, Nitrogen and Proprietary Product Operations, said the company appreciates the contributions and dedication of its Trinidad team and is committed to managing the transition responsibly and safely. Nutrien said there will be no impact to its 2026 Nitrogen sales volume guidance because the company assumed no production from its Trinidad Nitrogen operations, and it remains well positioned to meet customer demand for nitrogen and grow volumes from its North American Nitrogen assets through reliability improvements and low-cost debottleneck projects.
NTR · Supply · Positive Nutrien is indefinitely shutting its Trinidad nitrogen facility due to natural gas constraints, cutting high-cost capacity and improving free cash flow without affecting 2026 sales guidance.
FMC Files Rimisoxafen Herbicide for Approval in Brazil
FMC Corporation has submitted a regulatory dossier for rimisoxafen to Brazilian authorities, the second global regulatory submission for the herbicide after its filing with the U.S. Environmental Protection Agency in July 2026. Brazil is one of the world's largest soybean and corn producers, with more than 50 million hectares of soybeans and more than 20 million hectares of corn under cultivation, where growers are increasingly battling resistant broadleaf weeds including Amaranthus hybridus and Amaranthus palmeri. The Herbicide Resistance Action Committee classified rimisoxafen under Groups 12 and 32, and as the first dual mode of action herbicide its field testing has shown consistent activity against small-seeded broadleaf weeds, including those resistant to other herbicides. Rimisoxafen is the third novel herbicide active ingredient FMC has advanced to regulatory submission in Brazil, following Isoflex and Dodhylex, though it remains subject to regulatory review and approval and is not currently registered for sale or use in Brazil or any other country. FMC shares have slumped 72.6% in the past year compared with the industry's 10% growth in the same period.
FMC · Regulation · Positive FMC filed its rimisoxafen herbicide dossier with Brazilian regulators, advancing a novel active ingredient toward approval in a major crop market
Cabinet approves 8-year Chao Phraya-Pa Sak-Gulf of Thailand project, initial funding set for 2027
The Cabinet meeting approved the Chai Nat-Pa Sak-Gulf of Thailand project with an 8-year implementation period from 2027 to 2034 to address flooding and drought problems in the long term. It is expected to reduce damage by 16.93 billion baht per year and reduce flooded area by 3.48 million rai, along with a dry-season water retention canal of approximately 1,555 million cubic meters, and a budget for 2027 has already been set to start the project. As for the Bang Bala-Bang Sai drainage project, another project that is continuing but not yet complete, the original contract was to finish in 2026-2027 and be extended to 2029, but the Cabinet saw that the time should not be extended again. The Royal Irrigation Department, which is responsible for the work, therefore moved the deadline to July 2028 and will not allow further extension. The meeting also approved a central budget for 2026 of 4.731 billion baht to provide relief and rehabilitation for flood victims in Bangkok and across the country, assigning the Ministry of Interior to expedite coordination with relevant agencies and local authorities to deliver assistance to the public as quickly as possible. Meanwhile, the Chao Phraya River Basin management meeting resolved to allow the Chao Phraya Dam to release water at a maximum of 2,200 cubic meters per second, up from 2,000 cubic meters per second, releasing it in stepped levels. If all the water is released, the water level will rise by 30 centimeters, and drainage will take place tomorrow.
Thai Chamber of Commerce expects flooding in 27 areas to cost the economy 12 billion baht
The Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce estimates that economic damage from flooding between September 25 and 29, 2026, a total of five days, covering Bangkok and 26 provinces in the central, eastern, northern, and northeastern regions, will be approximately 12.283 billion baht, or about 0.066% of annual GDP. The forecast range is between 5.896 billion and 20.635 billion baht, or 0.03% to 0.11% of GDP, depending on the actual extent of the flooded areas. Thanavath Phonvichai, chairman of the advisory board of the forecasting center, said the figures do not yet include damage to property, housing, vehicles, inventory, and agricultural output, which will be assessed clearly after the water recedes. Bangkok is expected to suffer the most damage at about 7.014 billion baht, or roughly 57% of total damage, followed by the eastern region at about 2.976 billion baht, with Chonburi hit hardest at about 2.101 billion baht, and the greater Bangkok area at about 1.839 billion baht, where Samut Prakan is the most affected in that group. The forecasting center assesses that the impact is not severe enough to change the direction of the economy for the full year, but it adds downward pressure on growth in the second half of the year. It recommends that the government speed up relief for informal workers and small operators, manage water in the Chao Phraya basin, and monitor prices of essential goods through the vegetarian festival from October 10 to 18, 2026.
BAAC launches 2 flood-relief loan schemes with 0% interest for 6 months, total credit limit up to 500,000 baht
The Bank for Agriculture and Agricultural Cooperatives has launched two loan programmes to assist farmers and customers affected by flooding, with a combined credit limit of up to 500,000 baht per borrower. The first programme is an emergency expense loan for customers hit by natural disasters in the 2026/27 period, offering up to 50,000 baht per borrower at 0% interest for the first six months, after which the MRR rate applies, currently 6.575% per year. The second programme is a rehabilitation and quality-of-life loan for farmer customers affected by natural disasters, offering up to 500,000 baht per borrower at MRR minus 2% per year, with repayment over up to 15 years. Chatchai Sirilai, manager of the Bank for Agriculture and Agricultural Cooperatives, said the bank is ready to provide funding so affected customers can access low-interest capital for emergency expenses, building or repairing homes, agricultural buildings, farm tools and machinery, and restoring damaged production. Once the situation eases, the bank will send teams to survey damage to customers' homes, assets and farmland in order to gather data for considering assistance and reducing their debt burden. Affected customers can register their interest from today at their local bank branch, or call the BAAC Contact Center on 02 555 0555 around the clock.
Climate Adaptation & Water › Climate-Resilient Agriculture & Food Capital
Bank for Agriculture and Agricultural Cooperatives (BAAC) · Demand · Positive BAAC launches two flood-relief loan programmes with up to 500,000 baht per borrower, expanding its lending to affected farmers and customers.
Typhoon Dujuan hits Chiba, 100,000 nishikigoi carp lost
Heavy rain from Typhoon Dujuan caused some embankments around lakes in Chiba Prefecture near Tokyo to collapse, sweeping away roughly 100,000 ornamental nishikigoi carp that were ready for sale, while authorities assess widespread damage to agriculture and fisheries in the area. Kyodo News reported that rice paddies and other farmland were submerged, and water also flooded carp and eel breeding ponds around Lake Inbanuma in northern Chiba Prefecture. Kenji Tani, 58, owner of an aquaculture farm in Narita whose facility had about 100,000 carp ready to go on sale, found that after water burst into the ponds only 200 to 300 fish survived. Strawberry farms in Kimitsu were also affected by water overflowing the banks of a nearby river, damaging roughly 10 to 20 percent of strawberry seedlings at one farm. Damage to agriculture, forestry and fisheries in Chiba Prefecture is expected to rise from the figure of about 87 million yen as of last Thursday, after heavy rain in August caused 8.22 billion yen in damage across 33 municipalities and another round of heavy rain in early September caused about 230 million yen in damage across 17 municipalities.
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