Macroeconomic Cost of Food Surges Courtesy of a 46.7 percent rise in retail pork prices, China’s food inflation jumped by 10 percent in August on an annualized basis. This is the biggest monthly increase in the cost of food since January 2012. It also marks the seventh straight month that food prices have risen above their 2018 levels. Heading into the annual Moon Harvest Holiday and then the all-important National Day week-long celebrations, ongoing price increases in cooking oil, vegetables, fruit, other meat and fish, as well as pork, will have a dampening impact on consumer sentiment, particularly if China’s quarterly GDP continues to slow. Livestock All-Time Record Live Hog Price Since surpassing the...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.