Ukraine is reported to have produced a record volume of vegetable oil in MY 2013/14. Its share of the global market has been rising for seven years and reached 54 percent for this specific market year. Russian Grain Markets Harvest Update The Russian Ministry of Agriculture reported that 101.5 MMT of grains and leguminous crops were harvested on 40.6 million hectares (89.9 percent of the target) as of 7 October. Included were 59.5 MMT of wheat (2.67 MT/hectare), 20.7 MMT of barley (2.37 MT/hectare) and 6.4 MMT of corn (4.65 MT/hectare). There were also 6.4 MMT of sunflower seed harvested on 4.3 million hectares (1.51 MT/hectare) and 1.3 MMT of soybeans on 997,000 hectares (1.34 MT/hectare). Market Trends: 29 September – 3 October 2014...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.