Inflation pressure has added tailwinds for the chicken sector. Food service operators have experienced lower traffic and have therefore resorted to promotions to attract customers, mainly featuring chicken. Restaurant traffic declined 2 percent in September, and 30 percent of commercial foodservice traffic over the past 12 months was driven by deals, according to Circana. At its recent Q3 earnings call, Pilgrim’s Pride CEO Fabio Sandri said that despite the lower traffic, chicken is growing in the food service sector by around 4 percent in volume. This trend has been particularly pronounced in quick-service restaurants. Chicken volume is up 6 percent and has changed the dynamics of the retail meat market. Reduced restaurant traffic ha...
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...
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.