An Argentine government proposal would require farmers to pay royalties on patented biotech seed for three years after the initial purchase, but the seed companies claim that is not sufficient time for them to recoup their costs. It now appears, though, that an agreement may be reached. Push to Increase European Soybean Production A major topic of discussion at the 4th Congress of the Danube Soya Association, recently held in Budapest, Hungary, was the desire to increase soybean production in Europe. The group has 240 members from across the Continent and is striving to expand the production of non-GM soybeans that are source-identified. Its goal is to supply half of European soybean demand with local production by 2025. Europe currently...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.