Israel and Turkey are reported by Ukraine to be in discussions regarding FTAs that would cover its grains, oilseeds and agricultural equipment along with fruits and vegetable from those two countries. There is an additional expected benefit to all three nations if these are enacted. Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt’s enforcement of a zero tolerance policy regarding ergot in imported wheat could lead to a lack of supply as exporters may not be able to meet this tight requirement. The current standard of 0.05 percent maximum ergot is to be reduced to 0.00 percent, according to agriculture ministry officials. GASC says that the new standard is under consideration but that it still allows 0.05 percent in its tenders...
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.