Argentina's government yesterday raised the export tax on biodiesel by 164 percent, applicable to exports made in April. The head of the Argentine Biofuels Association has issued a dire warning in response. Indonesian Government Plunges Ahead with Self-Sufficiency Program Indonesia's government is moving forward with its efforts to make the country self-sufficient in the production of soybeans, rice and corn as well as increase its production of red chilis, onions, meat and sugar. This initiative is the brainchild of President Joko Widodo, who says too much is spent to import those and other commodities when they can be produced domestically.This week Sidarto Danusubroto, a member of the Presidential Advisory Board, blamed food companies...
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.