Due to the current drought situation, South Africa will be relaxing some of its GM grain rules in order to allow maize imports from the U.S. and Mexico. While the country does plant GM maize, not all current U.S. GM varieties are approved for importation there. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has announced the development of two new types of wheat that are resistant to several strains of wheat rust as well as 100 percent safe for human consumption. The new varieties were reportedly developed using barley genes to strengthen them against the fungal disease, which is said to be the cause of up to 50 percent of Egypt’s wheat losses every year.The Arab Contractors, an Egyptian construction and contracting company, a...
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.