Heretofore, the FDA has been uncooperative with the dairy and meat industries' fights against use of the terms “milk” and “meat” by plant-based substitutes. However, it may soon be forced to deal with the issue.As Gary Blumenthal recently wrote (see Ag Perspectives, 5 July), the dairy and meat industries are fighting against use of the terms “milk” and “meat” by plant-based substitutes. Heretofore, the FDA has been uncooperative with these disputes, potentially pushing much of the debate to the state level. However, it may soon be forced to deal with the issue as the FY 2018 ag appropriations bill, set to be addressed in the full Appropriations Committee tomorrow, has report language that directs the agency to take action. That language spe...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.