The WTO has been searching for limits in fisheries subsidies since at least 2001. There was agreement earlier this month to curb subsidies, though overfishing is expected to continue. Now the Biden Administration says it will continue to push for rules and enforcement against illegal and underreported fishing (IUR) since it was excluded from the agreement. According to Pew, about 30 percent of the 109 MMT of fish caught globally each year fall into the IUR category. If IUR fish were replaced by farmed tilapia, the demand for corn and soybean meal as tilapia feed could increase by 322 percent, or 39 MMT. That assumes a new perfect feed conversion ratio of 1.5/1, where the range currently is 1.3/1 under perfect laboratory conditions, a...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs. A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices. India notified the WT...
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.