At least anecdotally, some food industry lawyers report a drop-off in food borne illness litigation cases this year. Official data is reported by the Centers for Disease Control annually, but litigants are a proxy for industry developments. Part of the reason could be the switch in consumption to homes instead of restaurants and bars (see graph below). Historically, most cases occur in the home or in local food establishments. Those occurring in homes are more difficult to track since reporting is less concise. Some warn that the coronavirus has become a statistical catch-all for many unrelated illnesses, which means a food borne pathogen may have been confused for the coronavirus. It may also be the case that plaintiffs’ attor...
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.