In June 2015, the U.S. Food and Drug Administration (FDA) declared that partially hydrogenated oils (PHOs) are not generally recognized as safe (GRAS). However, the Grocery Manufacturers Association (GMA) has petitioned the FDA for approved additive status for PHOs.In June 2015, the U.S. Food and Drug Administration (FDA) declared that partially hydrogenated oils (PHOs) are not generally recognized as safe (GRAS). This was a follow-up to a November 2013 notice from the FDA “... that PHOs are no longer GRAS under any condition of use in food and therefore are food additives subject to section 409 of the Federal Food, Drug and Cosmetic Act.” The comment period on this notice closed in March 2014. With the final rule issued earlier this summer...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.