The EU's opt-out measure adopted earlier this year, which allows member states or devolved administrations to restrict or ban GM organisms despite EU approval, is being considered by Scotland as a way to avoid consumer backlash to its products and maintain the country's image.Last fall when Scotland was considering a referendum on independence, much of the pro-independent movement's argument was based on the nation's ability to rely on the strength of three export sectors: oil, aircraft manufacturing and whiskey. While what has happened to the price of oil is well known, that has in fact helped the aircraft industry through cheaper fuel and a brighter outlook. Meanwhile, whiskey is an integral part of Scotland's £14 billion food indus...
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.
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...