One of China's requirements in its agreement regarding U.S. beef shipments is traceability, and Senator Jon Tester (D-Montana) has noted this is a model for a new COOL law in the U.S. U.S. Beef Already Shipped to China As previously reported (see Ag Perspectives, 13 June), USDA‘s Agricultural Marketing Service (AMS) announced the details of a protocol for import access of U.S. beef to China on 12 June. By 14 June, Greater Omaha Packing Company had already loaded a cargo of middle meats for air shipment to that destination. The company exports extensively and had a traceability and export verification system in place that met the requirements of the new deal with China. COOL Resurrection One of the Chinese requirements in the agreement...
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.