Russian Meat Producer to Build Soybean Crush Plant Russia’s largest meat producer, Cherkizovo, has announced its plans to build a large soybean crushing plant in the Eletsprom special economy zone (Lipetsk Oblast) in the European part of the country south of Moscow.. It indicated daily capacity will be 1,500 MT, and construction is to begin in 2019 with completion by the end of 2020. A spokesperson for the company noted that the purpose of this facility is to lower the cost of soymeal used in its poultry and swine feeds. Cherkizovo reported that it produced 399,800 MT of poultry meat and 166,700 MT of pork in the first nine months of 2018 at a profit of about $180 million, up 80 percent versus the same period of 2017. Th...
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.