Macroeconomics Food Inflation Sees First Uptick Since May After five consecutive months of declines, food prices in the aggregate rose by 1.6 percent on an annual basis in November. The primary drivers of the increase were fresh vegetables and eggs, which saw their average prices rise by 30.6 percent and 17.6 percent from a year ago. Meanwhile, the prices of fresh fruit and cooking oil advanced by 4.1 percent and 7.2 percent from their November 2020 averages. Pork prices, however, continued to slide, even with the rebound in live hog prices in November. Compared with a year ago, the average retail cost of pork fell by 32.7 percent, although that was substantially smaller than the 44 percent annualized decrease in October. Apa...
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.