The WTO has been searching for limits in fisheries subsidies since at least 2001. There was agreement earlier this month to curb subsidies, though overfishing is expected to continue. Now the Biden Administration says it will continue to push for rules and enforcement against illegal and underreported fishing (IUR) since it was excluded from the agreement. According to Pew, about 30 percent of the 109 MMT of fish caught globally each year fall into the IUR category. If IUR fish were replaced by farmed tilapia, the demand for corn and soybean meal as tilapia feed could increase by 322 percent, or 39 MMT. That assumes a new perfect feed conversion ratio of 1.5/1, where the range currently is 1.3/1 under perfect laboratory conditions, a...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.