Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt and Pakistan are working on the possibility of Egypt importing meat and dairy products. Reports say that work is being done on revising health certificates and developing veterinary protocols to make this possible. The poultry industry in Egypt is the main consumer of corn and soymeal and there is concern that imports from yet another country will do more damage to the already poor condition of the local poultry industry. Egypt can probably produce sufficient poultry meat to meet all country demand but, unfortunately for the local industry, imported frozen poultry tends to be lower priced. As to Pakistan, there is a proposed visit by Egyptian officials to look at slaughte...
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.