By now everyone has read that the Supreme Court in Ireland has ruled that the bread used for Subway sandwich shop sandwiches does not meet the legal definition to avoid the value added tax. The court found that it contains more sugar than is allowed by the law to qualify – no more than 2 percent of the weight of the flour. Perhaps there should be a new name for Irish Soda Bread. Most recipes call for the addition of some sugar, but it is the addition of raisins or currants that spikes the sweetener content. A full cup of raisins is often added to a loaf and that much dried fruit involves more than 90 grams of sugar. That compares to a 12-ounce soft drink containing 33 grams of sugar. Perhaps that is why the raisin version of the Irish...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Key Takeaways: Dry bulk freight markets are higher this week as activity in Asia and off the ECSA picks up. President Trump extended the Jones Act waiver for another 90 days this week, allowing foreign-flagged vessels to transport oil and other goods between U.S. ports. A container...
One of the curious developments from the August WASDE was USDA’s handling of the European, Russian, and Ukrainian corn and wheat balance sheets. The EU has battled significant drought and heat this year, while Russia and Ukraine are increasingly locked in a battle for control over the Bla...
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.