Macroeconomic Food Prices in July See Biggest Drop Since April 2017 With live hog and pork prices falling to breakeven levels, the overall food inflation rate for the month of July fell by 3.7 percent year-on-year. This marked the second straight month of food prices declining in the aggregate on yearly basis. It also parallels a slowing economy in China, as the second quarter GDP grew at an annualized rate of 7.9 percent, below the consensus estimate of 8.1 percent and down from the initial pandemic recovery of 18.3 percent for the first quarter. Pork prices in July dropped by 4.5 percent from the previous year, while fresh vegetables were down 4 percent. Meanwhile, other staple foodstuffs, which are up from a year ago, continue to see...
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.