Core Viewpoint - Davis Commodities Limited has successfully approved a share consolidation proposal aimed at increasing share price and enhancing market credibility [1][4]. Group 1: Share Consolidation Details - The share consolidation will occur at a ratio of 20-for-1, effective immediately following the board's resolution on February 5, 2026 [2]. - Trading of the consolidated shares on the Nasdaq Capital Market is expected to commence on or about February 16, 2026, pending confirmation and procedural completion [2]. - The board is authorized to manage any fractional entitlements resulting from the consolidation, including issuing additional shares if necessary [2][3]. Group 2: Voting Results - The proposal received strong support, with Class A shareholders casting 121,876 votes in favor and Class B shareholders casting 495,449,430 votes in favor, resulting in a total of 495,571,306 votes for the resolution [4]. - The resolution passed with 97.91% approval from the total 506,305,124 votes attached to the Company's issued shares [4]. Group 3: Company Overview - Davis Commodities Limited is an agricultural commodity trading company based in Singapore, specializing in sugar, rice, and oil and fat products [5]. - The Company operates under two main brands, Maxwill and Taffy, and provides complementary services such as warehouse handling and logistics [5]. - It has a global network of third-party suppliers and logistics providers, distributing products to over 20 countries [5].

Inflation Trends in Japan - Japan's headline inflation rate decreased to 2.1%, the lowest since March 2022, down from 2.9% in November [2] - Core inflation, excluding fresh food prices, is at 2.4%, matching analysts' expectations and the lowest since October 2024, significantly lower than November's 3% [2] - The "core-core" inflation rate, which excludes fresh food and energy prices, eased to 2.9% from 3% the previous month [3] Rice Price Dynamics - Rice inflation for December was recorded at 34.4%, marking a decline for the seventh consecutive month year-on-year, yet prices remain near record levels [4] - The average price of a 5-kilogram bag of rice was reported at 4,267 yen for the week ending January 11 [4] - In May 2025, rice inflation reached its highest level in over 50 years, with prices soaring to record highs [3] Political and Economic Implications - The rising rice prices and subsequent political fallout led to the resignation of then-farm minister Taku Eto in 2025, highlighting the political sensitivity surrounding food prices [5] - Former Prime Minister Shigeru Ishiba took personal responsibility for addressing the rice price crisis amid a shortage [5]

Core Viewpoint - The Hainan Free Trade Port Intellectual Property Court has released the "Seed Industry Intellectual Property Judicial Protection White Paper (2021-2025)", emphasizing the judicial protection of seed industry innovation and the high-quality development of the "South Breeding Silicon Valley" [1][2]. Group 1: Judicial Protection Measures - The court has intensified punitive measures against intentional infringement, significantly increasing the cost of illegal activities [2]. - The scope of intellectual property judicial protection has been expanded to include breeding parent materials that are not authorized, incorporating them into the protection of trade secrets [2]. - Protection has been extended from production and sales to upstream activities such as breeding and research trials [2]. Group 2: Infringement Trends - Infringement methods in the seed industry have become increasingly sophisticated and covert, including online sales of infringing varieties and illegal breeding activities by individuals posing as farmers [1]. - The court has handled a variety of intellectual property cases related to the seed industry, covering the entire chain from research and development to sales and circulation [1]. Group 3: Importance of South Breeding - Over 70% of newly developed crop varieties in China are selected at the national South Breeding Research and Breeding Base located in Hainan, highlighting its role as an incubator for agricultural technology innovation and an accelerator for new variety selection [2].

Core Insights - Chengdu's grain production is projected to reach 2.371 million tons in 2025, marking a 1.1% year-on-year increase, outpacing the provincial growth rate by 0.3% [1] - The increase in grain production is primarily attributed to improvements in yield per unit area, supported by the establishment of 30 pilot "ton grain fields" starting in 2024 [1][2] Group 1: Pilot Program Background - The "ton grain field" initiative is part of a national strategy aimed at enhancing grain production capacity, with a focus on increasing yield per unit area [2] - The pilot program was launched in the Chengdu Plain, which has optimal farming conditions, to implement the first batch of "ton grain fields" [2][3] Group 2: Pilot Program Details - "Ton grain fields" are defined as plots where the comprehensive yield exceeds 1,000 kg per mu for both spring and autumn crops [3] - In 2024, 30 pilot sites covering a total area of 340,000 mu were selected, characterized by flat terrain and suitable for mechanized farming [3] Group 3: Pilot Program Outcomes - The average yield in the pilot area reached 1,060 kg per mu, exceeding expectations for rice and wheat production [5] - The pilot program has shown significant improvements in management and innovation, contributing to a 3% increase in yield per mu in 2025 [6] - The contribution of the pilot areas to Chengdu's overall grain production is notable, with the average yield for the city increasing by 0.6% year-on-year [6]

Market Overview - US stocks experienced fluctuations as Wall Street concluded a volatile trading year with significant gains, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all losing around 0.1% in early trading [1][6] - The S&P 500 is up over 17% for the year, marking its sixth year of 15%-plus gains in the last seven years, while the Nasdaq Composite has risen over 20% and the Dow is up over 13% [2] Economic Indicators - Initial jobless claims for the week ending December 27 fell to 199,000 from a revised 215,000, surprising economists who had predicted an increase to 218,000 [7][8] - Continuing claims also decreased to 1.86 million from 1.91 million, contrary to expectations of a smaller decline to 1.90 million [9] Federal Reserve Outlook - The Federal Reserve's interest rate strategy remains a focal point, with 85% of bets indicating that rates will remain steady in January [5][10] - The central bank's decision-making process is influenced by labor market conditions rather than inflation data, as indicated by the close call in the December meeting [10] Commodity Market - Sugar prices are on track for their largest annual decline since 2017, dropping approximately 21% due to oversupply [12] - Other agricultural commodities like cocoa and rice have also seen significant price drops, with futures contracts falling by 48% and 32% respectively [14] Currency Performance - The US dollar is set to finish its weakest year since 2017, declining over 9% year-to-date, influenced by economic concerns and a dovish Federal Reserve [15] - In contrast, the euro and pound have gained 13% and 7% respectively, marking their largest yearly gains in eight years [16]

Stock Market Overview - US stocks experienced a decline on Wednesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all losing around 0.4%, marking their fourth consecutive day of losses [1] - Despite the recent losses, the S&P 500 is up over 17% for the year, the Nasdaq Composite has risen over 20%, and the Dow is up over 13%, indicating a strong performance throughout 2025 [2][3] Economic Indicators - Initial jobless claims for the week ended December 27 fell to 199,000, down from a revised 215,000, surprising economists who had predicted an increase [16][18] - Continuing claims also decreased to 1.86 million from 1.91 million, further indicating a stronger labor market than expected [18][20] Oil Market Dynamics - Oil prices are on track for their largest annual loss since the pandemic began, with Brent crude down approximately 17% and WTI crude down about 18% year-to-date [9][10] - OPEC increased monthly production by 2.9 million barrels per day from April to December, contributing to the oversupply in the market [10] - The International Energy Agency forecasts an oversupply of 3.8 million barrels per day for 2026, with price targets for Brent crude set in the $50s, potentially dropping into the $30s or $40s if production strategies do not change [11] Agricultural Commodities - Sugar prices are expected to see their largest annual decline since 2017, dropping around 21% due to high global production levels [22] - Other agricultural commodities like cocoa, potatoes, and rice have also experienced significant price declines, with cocoa futures down 48% and rice down 32% [24] Currency Market - The US dollar is set to finish its weakest year since 2017, dropping over 9% year-to-date, influenced by President Trump's tariff agenda and a dovish Federal Reserve outlook [25] - In contrast, the euro and pound have gained 13% and 7% respectively, marking their largest yearly gains in eight years [26]

Core Viewpoint - Davis Commodities Limited reported significant revenue growth driven by increased demand for liquid sugar and rice, despite facing challenges with rising costs and regulatory changes impacting certain markets [2][4][10]. Financial Performance - Total revenue for the six months ended June 30, 2025, was $95.0 million, a 42.11% increase from $66.9 million in the same period last year [4][6]. - Gross profit decreased to $2.6 million, down 9.8% from $2.9 million year-over-year, primarily due to rising purchase and transportation costs [6][12]. - Net income fell to $0.04 million, a 96.9% decrease from $1.3 million in the previous year [6][18]. - Basic and diluted earnings per share were $0.01, compared to $0.05 for the same period last year [6][20]. Revenue Breakdown - Revenue from sugar sales was $60.8 million, up 35.4% from $44.9 million, attributed to stronger sales in China and higher demand from Africa [7]. - Revenue from rice sales increased by 41.3% to $19.7 million, driven by market development in Africa and lower prices encouraging higher sales volume [7]. - Revenue from oil and fat products rose by 81.0% to $14.5 million, mainly due to lower oil prices stimulating demand [9]. Geographic Revenue Distribution - Revenue from Africa was $66.2 million, a 64.9% increase from $40.1 million, reflecting successful market development efforts [10]. - Revenue from China surged by 164.4% to $15.2 million, driven by increased market share in liquid sugar [10]. - Revenue from Vietnam decreased by 54.2% to $1.3 million, and revenue from Thailand dropped by 81.7% to $1.6 million due to regulatory changes affecting sugar imports [10]. Cost and Margin Analysis - Cost of revenue increased by 44.5% to $92.4 million, primarily due to higher demand and associated costs [9]. - Overall gross margin decreased to 2.8% from 4.4% year-over-year, as rising costs were not fully passed on to customers [13]. Operating Expenses and Other Income - Operating expenses were $2.8 million, down 57.9% from the previous year [14]. - Other income decreased by 27.8% to $0.4 million, mainly due to the absence of ECL reversals and reduced government grants [15]. Cash Flow and Financial Condition - As of June 30, 2025, cash and cash equivalents were $1.7 million, up from $0.7 million at the end of 2024 [21]. - Net cash used by operating activities was $2.3 million, reflecting changes in working capital [22]. - Net cash provided by financing activities was $3.3 million, primarily from new bank borrowings [24].

Core Insights - The article highlights that in 2025, the total grain production, sowing area, and yield in Quzhou city are expected to increase, achieving record highs in the past decade [1] Group 1: Grain Production Metrics - The grain sowing area is projected to reach 1.3711 million acres, an increase of 9,700 acres year-on-year [1] - The total grain production is expected to be 574,000 tons, an increase of 4,100 tons year-on-year, marking a new high in the last decade [1] - The yield per unit area is anticipated to be 418.67 kg per acre, an increase of 0.03 kg per acre year-on-year, reaching a seven-year high [1] Group 2: Policy Support and Incentives - The city has actively sought policy support, securing nearly 40 million yuan in national and provincial project funding for grain and oil-related initiatives [1] - A special fund of 790,000 yuan has been allocated at the city level to establish high-yield competitions and quality rice rewards, promoting supportive policies across various counties [1] - The policy framework has effectively stimulated the enthusiasm of new agricultural operators and farmers in grain production [1] Group 3: Agricultural Achievements - The city has set nine new high-yield records in Zhejiang province across various crops, including early rice, double-cropping rice, and sweet corn [1] - The "Zhongzu 100" early rice planted by Xuanlin Family Farm in Jiangshan has set a new national high-yield record for a hundred-acre field [1]

Meryl Kennedy of 4Sisters Rice fears that more American rice farmers will go out of business amid unfair foreign competition—and she was bold enough to pitch the president on her solution.Full story: https://t.co/UUUMDM1R1b (Photo: Kelly Moore for 4Sisters Rice) https://t.co/MBYUUrsFx5 ...

Thank uh thank you so much for the lovely introduction and thank you so much for having me. So let's begin. Where is the PPD.Okay. I'm so sorry. Okay.Um, so, uh, recently, um, I met a friend of mine who was trying to eat healthier. Okay. So, she swapped her homemade roties for expensive quinoa.And she completely stopped eating rice because, you know, carbs are bad for you. And all she had was salads that were drenched in avocado oil because someone on social media told her that this is the only way of eatin ...