It is noted that rice imports by Nigeria are declining, with increased border protections and larger domestic production to blame. However, the same dynamic is occurring in other major rice markets such as the Philippines, China, Saudi Arabia, and Cote d’Ivoire. Global rice trade hit its peak in 2017 and since has shrunk by 10 percent. By contrast, consumption over the same period has grown by 2.7 percent, the difference accounted for by increased domestic production. The global average tariff on rice has typically been higher than some other commodities, though skewed by a handful of countries with outsized protections. Increased rice production by large consuming countries like India and Bangladesh help to drive the change.&n...
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 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.