The beef industry is still reviewing the new regulations for resuming shipments to China, and that analysis will lead to assumptions about export volumes next year.Yesterday USDA’s Agricultural Marketing Service (AMS) announced that the details of a protocol for U.S. import access to China were settled. The agreement was part of the 100-Day Action Plan between the two countries that started after President Trump and Premier Xi met in early May.China is an emerging market for beef imports as its domestic production capacity is somewhat limited. The market there also generally has a preference for pork. China’s imports were valued at only $275 million in 2012, but they grew to $2.5 billion in 2016. The import total is equivalent to about 46 p...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.